Amphenol Corp. (APH) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS
Amphenol Corp. (NYSE:APH) announced its earnings results on Wednesday. The company reported $1.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.99 by $0.06, AmericanBankingNews.com reports. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.17 billion.
APH has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Amphenol Corp. in a research note to investors on Tuesday, January 14th. They now have a $94.00 price target on the stock. On the ratings front, analysts at Deutsche Bank raised their price target on shares of Amphenol Corp. from $88.00 to $98.00 in a research note to investors on Monday, January 13th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Amphenol Corp. from $90.00 to $94.00 in a research note to investors on Thursday, December 19th. They now have a “top pick” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $85.20.
Shares of Amphenol Corp. (NYSE:APH) opened at 91.04 on Wednesday. Amphenol Corp. has a 52-week low of $67.12 and a 52-week high of $92.42. The stock’s 50-day moving average is $87.82 and its 200-day moving average is $81.2. The company has a market cap of $14.410 billion and a P/E ratio of 24.62.
Amphenol Corporation (NYSE:APH) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems and coaxial and high-speed specialty cable.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.