Molex (MOLX) Announces Quarterly Earnings, Beats Estimates By $0.09 EPS
Molex (NASDAQ:MOLX) released its earnings data on Wednesday. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.09, AnalystRatings.NET reports. The company had revenue of $936.40 million for the quarter, compared to the consensus estimate of $915.20 million.
A number of research firms have recently commented on MOLX. Analysts at RBC Capital raised their price target on shares of Molex from $29.00 to $38.50 in a research note to investors on Tuesday, September 10th. They now have a “sector perform” rating on the stock. On the ratings front, analysts at Jefferies Group raised their price target on shares of Molex from $26.00 to $38.50 in a research note to investors on Tuesday, September 10th. They now have a “hold” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Molex in a research note to investors on Tuesday, September 10th. They now have a $38.50 price target on the stock, up previously from $30.00. One research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. Molex presently has a consensus rating of “Hold” and an average target price of $31.56.
Molex (NASDAQ:MOLX) opened at 38.59 on Wednesday. Molex has a 52 week low of $24.99 and a 52 week high of $31.06. The stock’s 50-day moving average is $31.20 and its 200-day moving average is $29.52. The company has a market cap of $6.876 billion and a price-to-earnings ratio of 28.38.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 25th. Investors of record on Monday, September 30th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, September 26th.
Molex Incorporated is a manufacturer of electronic connectors. The Company manufactures and sells electronic components.
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