Amphenol Hits New 52-Week High at $99.99 (APH)
Amphenol (NYSE:APH)’s share price hit a new 52-week high on Tuesday , AnalystRatingsNetwork reports. The company traded as high as $99.99 and last traded at $99.91, with a volume of 341,180 shares. The stock had previously closed at $99.23.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Amphenol in a research note on Thursday, July 24th. They now have a $105.00 price target on the stock, up previously from $98.00. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of Amphenol in a research note on Thursday, July 24th. They now have a $105.00 price target on the stock, up previously from $100.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Amphenol in a research note on Thursday, July 24th. They now have a $102.00 price target on the stock. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $98.50.
The stock has a 50-day moving average of $97.00 and a 200-day moving average of $93.5. The company has a market cap of $15.659 billion and a P/E ratio of 24.20.
Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.04. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, analysts predict that Amphenol will post $4.40 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Monday, September 8th. This is a positive change from Amphenol’s previous quarterly dividend of $0.20.
In other Amphenol news, VP Frank Carroccia sold 36,600 shares of the company’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $97.60, for a total value of $3,572,160.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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.
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