Amphenol Corp. (APH) to Release Earnings on Wednesday
Amphenol Corp. (NYSE:APH) is set to release its earnings data before the market opens on Wednesday, October 19th. Analysts expect Amphenol Corp. to post earnings of $0.68 per share for the quarter. Amphenol Corp. has set its Q3 guidance at $0.67-0.69 EPS and its FY16 guidance at $2.60-2.64 EPS.
Amphenol Corp. (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Amphenol Corp. had a net margin of 13.03% and a return on equity of 23.72%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 earnings per share. On average, analysts expect Amphenol Corp. to post $2.63 EPS for the current fiscal year and $2.88 EPS for the next fiscal year.
Shares of Amphenol Corp. (NYSE:APH) opened at 63.05 on Tuesday. Amphenol Corp. has a 12 month low of $44.50 and a 12 month high of $65.79. The company has a market cap of $19.47 billion, a PE ratio of 25.94 and a beta of 1.07. The firm’s 50-day moving average is $63.59 and its 200-day moving average is $59.56.
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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 13th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.89%. Amphenol Corp.’s dividend payout ratio is currently 23.05%.
In other Amphenol Corp. news, VP Patrick Gillard sold 30,000 shares of the business’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $59.06, for a total value of $1,771,800.00. Following the transaction, the vice president now owns 6,400 shares in the company, valued at $377,984. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP William J. Doherty sold 26,000 shares of the business’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $59.89, for a total transaction of $1,557,140.00. Following the completion of the transaction, the vice president now owns 6,800 shares in the company, valued at approximately $407,252. The disclosure for this sale can be found here. 2.92% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in APH. Van ECK Associates Corp boosted its position in Amphenol Corp. by 30.0% in the second quarter. Van ECK Associates Corp now owns 2,738 shares of the company’s stock worth $157,000 after buying an additional 632 shares during the last quarter. WFG Advisors LP boosted its position in Amphenol Corp. by 16.6% in the second quarter. WFG Advisors LP now owns 4,281 shares of the company’s stock worth $245,000 after buying an additional 611 shares during the last quarter. Pacer Advisors Inc. boosted its position in Amphenol Corp. by 10.2% in the second quarter. Pacer Advisors Inc. now owns 4,809 shares of the company’s stock worth $276,000 after buying an additional 446 shares during the last quarter. Reliance Trust Co. of Delaware boosted its position in Amphenol Corp. by 0.6% in the second quarter. Reliance Trust Co. of Delaware now owns 5,055 shares of the company’s stock worth $290,000 after buying an additional 31 shares during the last quarter. Finally, Johnson Financial Group Inc. boosted its position in Amphenol Corp. by 389.7% in the second quarter. Johnson Financial Group Inc. now owns 5,901 shares of the company’s stock worth $338,000 after buying an additional 4,696 shares during the last quarter. Hedge funds and other institutional investors own 96.78% of the company’s stock.
A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Amphenol Corp. from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a report on Friday, July 22nd. RBC Capital Markets reaffirmed a “top pick” rating and set a $63.00 price objective (up from $61.00) on shares of Amphenol Corp. in a report on Friday, July 22nd. Royal Bank Of Canada lifted their price objective on shares of Amphenol Corp. from $61.00 to $63.00 and gave the stock a “top pick” rating in a report on Thursday, July 21st. Finally, Goldman Sachs Group Inc. raised shares of Amphenol Corp. from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $60.00 to $70.00 in a report on Tuesday, September 20th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $68.11.
About Amphenol Corp.
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and coaxial and specialty cable. The Company operates through two segments: Interconnect Products and Assemblies, and Cable Products and Solutions.
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