Amphenol Given “A” Credit Rating by Morningstar (APH)
Amphenol (NYSE:APH) has been given an “A” credit rating by Morningstar. The agency’s “A” rating suggests that the company is a low default risk. They also issued a neutral credit outlook for the company and gave their stock a two star rating.
A number of other firms have also recently commented on APH. Analysts at RBC Capital raised their price target on shares of Amphenol from $101.00 to $107.00 in a research note on Monday, August 25th. Separately, 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. Finally, 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. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $99.25.
Amphenol (NYSE:APH) opened at 103.01 on Tuesday. Amphenol has a 1-year low of $74.17 and a 1-year high of $104.93. The stock’s 50-day moving average is $99.14 and its 200-day moving average is $95.08. The company has a market cap of $16.155 billion and a P/E ratio of 25.22. Amphenol’s stock is scheduled to split before the market opens on Friday, October 10th. The 2-1 split was announced on Tuesday, August 12th. The newly created shares will be distributed to shareholders after the market closes on Thursday, October 9th.
Amphenol (NYSE:APH) last announced its earnings results 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 0.97%. 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 unloaded 23,800 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $102.02, for a total value of $2,428,076.00. 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.
To view more credit ratings from Morningstar, visit www.morningstar.com.
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