Equities research analysts predict that Amphenol Co. (NYSE:APH) will report $1.88 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Amphenol’s earnings, with the highest sales estimate coming in at $1.89 billion and the lowest estimate coming in at $1.88 billion. Amphenol posted sales of $1.67 billion in the same quarter last year, which suggests a positive year over year growth rate of 12.6%. The business is scheduled to announce its next quarterly earnings results before the market opens on Wednesday, July 25th.
According to Zacks, analysts expect that Amphenol will report full year sales of $7.70 billion for the current year, with estimates ranging from $7.68 billion to $7.72 billion. For the next fiscal year, analysts expect that the firm will report sales of $8.11 billion per share, with estimates ranging from $7.98 billion to $8.21 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Amphenol.
Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 25th. The electronics maker reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.03. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.82 billion. Amphenol had a net margin of 9.45% and a return on equity of 26.65%. The company’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS.
APH has been the topic of several recent research reports. Zacks Investment Research raised shares of Amphenol from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research note on Friday, May 25th. Morgan Stanley boosted their price objective on shares of Amphenol from $90.00 to $93.00 and gave the company an “equal weight” rating in a research note on Thursday, April 26th. Finally, ValuEngine raised shares of Amphenol from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $91.89.
Shares of Amphenol stock traded down $1.23 during trading on Monday, reaching $88.61. The company’s stock had a trading volume of 19,475 shares, compared to its average volume of 1,142,383. The stock has a market capitalization of $27.03 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 2.47 and a beta of 0.84. Amphenol has a fifty-two week low of $72.35 and a fifty-two week high of $93.62. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.80 and a quick ratio of 1.27.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 10th. Shareholders of record on Monday, June 18th will be given a dividend of $0.23 per share. This is a positive change from Amphenol’s previous quarterly dividend of $0.19. This represents a $0.92 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, June 15th. Amphenol’s payout ratio is presently 29.49%.
Amphenol announced that its Board of Directors has approved a stock repurchase program on Wednesday, April 25th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the electronics maker to purchase up to 7.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
Institutional investors have recently added to or reduced their stakes in the stock. Wagner Wealth Management LLC purchased a new stake in shares of Amphenol in the 4th quarter worth about $127,000. Candriam Luxembourg S.C.A. boosted its position in shares of Amphenol by 12.0% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 28,741 shares of the electronics maker’s stock worth $2,523,000 after buying an additional 3,073 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in shares of Amphenol by 4.0% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 335,800 shares of the electronics maker’s stock worth $29,483,000 after buying an additional 12,800 shares in the last quarter. Chemical Bank boosted its position in shares of Amphenol by 25.2% in the 4th quarter. Chemical Bank now owns 15,141 shares of the electronics maker’s stock worth $1,329,000 after buying an additional 3,050 shares in the last quarter. Finally, State of Wisconsin Investment Board boosted its position in shares of Amphenol by 55.5% in the 4th quarter. State of Wisconsin Investment Board now owns 432,268 shares of the electronics maker’s stock worth $37,953,000 after buying an additional 154,290 shares in the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.
Amphenol Company Profile
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.
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