Amphenol Corp. (APH) Issues Q4 Earnings Guidance
Amphenol Corp. (NYSE:APH) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.71-0.73 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.71. The company issued revenue guidance of $1.59-1.63 billion, compared to the consensus revenue estimate of $1.61 billion.
A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Amphenol Corp. from a hold rating to a buy rating and set a $66.00 price target for the company in a report on Friday, July 22nd. RBC Capital Markets reiterated a top pick rating and set a $66.00 price objective (up from $65.00) on shares of Amphenol Corp. in a report on Tuesday, September 20th. Royal Bank Of Canada lifted their price objective on shares of Amphenol Corp. from $61.00 to $63.00 and gave the company a top pick rating in a report on Thursday, July 21st. Finally, Goldman Sachs Group Inc. upgraded shares of Amphenol Corp. from a neutral rating to a buy rating and lifted their price objective for the company from $60.00 to $70.00 in a report on Tuesday, September 20th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $68.11.
Shares of Amphenol Corp. (NYSE:APH) opened at 63.21 on Wednesday. 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 $19.51 billion, a price-to-earnings ratio of 26.00 and a beta of 1.07. The company’s 50-day moving average is $63.63 and its 200-day moving average is $59.59.
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Amphenol Corp. (NYSE:APH) last released its quarterly earnings data on Wednesday, October 19th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm earned $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. Amphenol Corp. had a return on equity of 23.72% and a net margin of 13.03%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. Equities research analysts predict that Amphenol Corp. will post $2.63 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 5th. Shareholders of record on Tuesday, September 13th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.89%. Amphenol Corp.’s dividend payout ratio is presently 23.05%.
In other Amphenol Corp. news, CFO Craig A. Lampo sold 23,000 shares of the business’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $62.08, for a total value of $1,427,840.00. Following the completion of the transaction, the chief financial officer now directly owns 43,000 shares in the company, valued at $2,669,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard Adam Norwitt sold 262,000 shares of the business’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $59.01, for a total transaction of $15,460,620.00. Following the completion of the transaction, the insider now owns 137,992 shares of the company’s stock, valued at $8,142,907.92. The disclosure for this sale can be found here. 2.92% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in APH. Van ECK Associates Corp increased its position in shares of 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 in the last quarter. WFG Advisors LP increased its position in shares of 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 in the last quarter. Pacer Advisors Inc. increased its position in shares of 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 in the last quarter. Reliance Trust Co. of Delaware increased its position in shares of 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 in the last quarter. Finally, Johnson Financial Group Inc. increased its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 96.78% of the company’s stock.
Amphenol Corp. Company Profile
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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