Amphenol Receives Consensus Rating of “Buy” from Brokerages (NYSE:APH)
Shares of Amphenol (NYSE:APH) have earned an average recommendation of “Buy” from the nine brokerages that are covering the company, AnalystRatings.NET reports. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $98.50.
Shares of Amphenol (NYSE:APH) opened at 103.85 on Thursday. Amphenol has a one year low of $74.17 and a one year high of $104.48. The stock has a 50-day moving average of $98.30 and a 200-day moving average of $94.4. The company has a market cap of $16.286 billion and a price-to-earnings ratio of 25.46.
Amphenol (NYSE:APH) last released its 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. Analysts expect that Amphenol will post $4.40 EPS 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 0.96%. 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, SVP Richard Schneider sold 23,800 shares of the company’s stock on the open market in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $102.02, for a total transaction of $2,428,076.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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.
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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