TE Connectivity (TEL) to Release Quarterly Earnings on Wednesday
TE Connectivity (NYSE:TEL) is scheduled to announce its earnings results on Wednesday, January 22nd. TE Connectivity has set its Q1 guidance at $0.74-0.78 EPS and its FY14 guidance at $3.50-3.80 EPS.Investors interested in listening to the company’s conference call can do so using this link.
TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.93 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.90 by $0.03. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter last year, the company posted $0.76 earnings per share. TE Connectivity’s revenue was up 2.0% compared to the same quarter last year. On average, analysts expect TE Connectivity to post $3.67 EPS for the current fiscal year and $4.06 EPS for the next fiscal year.
TE Connectivity (NYSE:TEL) opened at 55.94 on Tuesday. TE Connectivity has a 52 week low of $38.18 and a 52 week high of $56.19. The stock has a 50-day moving average of $54.02 and a 200-day moving average of $51.70. The company has a market cap of $22.956 billion and a price-to-earnings ratio of 18.39.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. downgraded shares of TE Connectivity from a “conviction-buy” rating to a “buy” rating in a research note to investors on Tuesday, January 14th. On a related note, analysts at UBS AG raised their price target on shares of TE Connectivity from $56.00 to $58.00 in a research note to investors on Thursday, October 31st. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of TE Connectivity from $57.00 to $61.00 in a research note to investors on Thursday, October 31st. They now have an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. TE Connectivity presently has an average rating of “Hold” and an average target price of $50.50.
TE Connectivity Ltd., formerly Tyco Electronics Ltd., designs and manufactures over 500,000 products that connect and protect the flow of power and data inside various products.
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