Analysts forecast that TE Connectivity Ltd (NYSE:TEL) will post earnings of $1.33 per share for the current quarter, according to Zacks. Six analysts have made estimates for TE Connectivity’s earnings, with estimates ranging from $1.32 to $1.36. TE Connectivity posted earnings per share of $1.25 during the same quarter last year, which would indicate a positive year over year growth rate of 6.4%. The company is expected to report its next quarterly earnings results on Wednesday, November 7th.
According to Zacks, analysts expect that TE Connectivity will report full year earnings of $5.59 per share for the current fiscal year, with EPS estimates ranging from $5.56 to $5.63. For the next fiscal year, analysts expect that the firm will post earnings of $6.04 per share, with EPS estimates ranging from $5.84 to $6.28. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover TE Connectivity.
TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, July 25th. The electronics maker reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.06. TE Connectivity had a return on equity of 20.33% and a net margin of 9.26%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the company posted $1.24 EPS. TE Connectivity’s quarterly revenue was up 11.8% compared to the same quarter last year.
Several research analysts have recently issued reports on TEL shares. Robert W. Baird reissued a “buy” rating and issued a $123.00 target price on shares of TE Connectivity in a research report on Tuesday, April 17th. Goldman Sachs Group raised TE Connectivity from a “sell” rating to a “neutral” rating and set a $101.00 target price for the company in a research report on Wednesday, April 18th. Morgan Stanley increased their target price on TE Connectivity from $111.00 to $117.00 and gave the stock an “overweight” rating in a research report on Thursday, April 26th. ValuEngine lowered TE Connectivity from a “buy” rating to a “hold” rating in a research report on Tuesday, May 1st. Finally, Zacks Investment Research lowered TE Connectivity from a “buy” rating to a “hold” rating in a research report on Thursday, May 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $112.91.
Shares of TE Connectivity traded down $1.50, hitting $92.15, during trading on Friday, MarketBeat.com reports. The stock had a trading volume of 1,648,570 shares, compared to its average volume of 1,737,740. TE Connectivity has a 12 month low of $77.15 and a 12 month high of $108.23. The firm has a market capitalization of $32.63 billion, a P/E ratio of 17.03, a P/E/G ratio of 1.53 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.98 and a current ratio of 1.47.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Friday, August 24th will be paid a $0.44 dividend. The ex-dividend date is Thursday, August 23rd. This represents a $1.76 annualized dividend and a dividend yield of 1.91%. TE Connectivity’s payout ratio is currently 36.44%.
In related news, SVP Tim Murphy sold 17,100 shares of the company’s stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $96.20, for a total value of $1,645,020.00. Following the sale, the senior vice president now owns 14,652 shares in the company, valued at approximately $1,409,522.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of TEL. Bamco Inc. NY purchased a new stake in TE Connectivity during the 1st quarter valued at $108,000. Private Capital Group LLC purchased a new stake in TE Connectivity during the 2nd quarter valued at $121,000. Institutional & Family Asset Management LLC bought a new position in shares of TE Connectivity during the 1st quarter valued at $196,000. Commerce Bank bought a new position in shares of TE Connectivity during the 1st quarter valued at $207,000. Finally, Aspiriant LLC bought a new position in shares of TE Connectivity during the 1st quarter valued at $208,000. Institutional investors and hedge funds own 90.66% of the company’s stock.
About TE Connectivity
TE Connectivity Ltd., together with its subsidiaries, engages in the design, manufacture, and sale of connectivity and sensors solutions in the Americas, Europe, the Middle East, Africa, and the Asia?Pacific. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
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