Zacks: Analysts Expect Amphenol Corporation (APH) to Announce $0.72 Earnings Per Share
Analysts expect Amphenol Corporation (NYSE:APH) to report $0.72 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Amphenol Corporation’s earnings. The lowest EPS estimate is $0.71 and the highest is $0.72. Amphenol Corporation posted earnings per share of $0.65 in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.8%. The business is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, July 26th.
According to Zacks, analysts expect that Amphenol Corporation will report full-year earnings of $2.95 per share for the current fiscal year, with EPS estimates ranging from $2.91 to $2.97. For the next financial year, analysts anticipate that the company will report earnings of $3.18 per share, with EPS estimates ranging from $3.10 to $3.23. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Amphenol Corporation.
Amphenol Corporation (NYSE:APH) last released its quarterly earnings results on Wednesday, April 26th. The electronics maker reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.05. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Amphenol Corporation had a net margin of 13.93% and a return on equity of 24.24%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 earnings per share.
Several equities analysts have commented on APH shares. Cowen and Company started coverage on Amphenol Corporation in a research report on Tuesday, March 21st. They issued an “outperform” rating and a $85.00 price objective on the stock. Deutsche Bank AG upped their price objective on Amphenol Corporation from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Royal Bank Of Canada upped their price objective on Amphenol Corporation from $75.00 to $77.00 and gave the company a “top pick” rating in a research report on Thursday, April 27th. Stifel Nicolaus upped their price objective on Amphenol Corporation from $64.00 to $72.00 and gave the company a “hold” rating in a research report on Thursday, April 27th. Finally, Zacks Investment Research raised Amphenol Corporation from a “sell” rating to a “hold” rating in a research report on Friday, March 10th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Amphenol Corporation presently has an average rating of “Buy” and an average price target of $77.00.
Shares of Amphenol Corporation (APH) opened at 75.78 on Thursday. The company has a market cap of $23.16 billion, a PE ratio of 26.88 and a beta of 0.76. Amphenol Corporation has a 12-month low of $55.13 and a 12-month high of $76.67. The company has a 50-day moving average of $73.73 and a 200 day moving average of $70.25.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 11th. Stockholders of record on Monday, June 19th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, June 15th. Amphenol Corporation’s payout ratio is 22.70%.
In other news, SVP Zachary W. Raley sold 432,000 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $74.12, for a total transaction of $32,019,840.00. Following the transaction, the senior vice president now owns 144,000 shares of the company’s stock, valued at approximately $10,673,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Martin Booker sold 46,000 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $75.42, for a total value of $3,469,320.00. Following the transaction, the vice president now directly owns 20,400 shares in the company, valued at approximately $1,538,568. The disclosure for this sale can be found here. Insiders have sold a total of 893,000 shares of company stock worth $66,184,060 in the last three months. Corporate insiders own 2.92% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Birch Hill Investment Advisors LLC purchased a new position in Amphenol Corporation during the first quarter worth about $105,000. YorkBridge Wealth Partners LLC increased its position in Amphenol Corporation by 300.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,600 shares of the electronics maker’s stock worth $114,000 after buying an additional 1,200 shares during the last quarter. Israel Discount Bank of New York GFN purchased a new position in Amphenol Corporation during the fourth quarter worth about $117,000. Israel Discount Bank of New York purchased a new position in Amphenol Corporation during the first quarter worth about $121,000. Finally, Pinnacle Bank purchased a new position in Amphenol Corporation during the first quarter worth about $122,000. 97.05% of the stock is currently owned by institutional investors and hedge funds.
Amphenol Corporation 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, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Amphenol Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol Corporation and related companies with MarketBeat.com's FREE daily email newsletter.