Amphenol Corp. (APH) Updates FY14 Earnings Guidance
Amphenol Corp. (NYSE:APH) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $4.15-4.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.21, AnalystRatingsNetwork.com reports. The company issued revenue guidance of $5.0-5.12 billion, compared to the consensus revenue estimate of $4.90 billion.Amphenol Corp. also updated its Q1 guidance to $0.93-0.96 EPS.
Several analysts have recently commented on the stock. 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 a related note, 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 investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $85.20.
Shares of Amphenol Corp. (NYSE:APH) traded down 0.85% on Wednesday, hitting $90.27. 243,781 shares of the company’s stock traded hands. 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 $14.288 billion and a price-to-earnings ratio of 24.34.
Amphenol Corp. (NYSE:APH) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.99 by $0.06. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company posted $0.86 earnings per share. Amphenol Corp.’s revenue was up 8.7% compared to the same quarter last year. Analysts expect that Amphenol Corp. will post $3.79 EPS for the current fiscal year.
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.