Equities analysts expect Amphenol Corporation (NYSE:APH) to post sales of $1.73 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Amphenol Corporation’s earnings. The lowest sales estimate is $1.72 billion and the highest is $1.73 billion. Amphenol Corporation posted sales of $1.64 billion during the same quarter last year, which suggests a positive year over year growth rate of 5.5%. The firm is expected to report its next earnings results on Wednesday, October 18th.

According to Zacks, analysts expect that Amphenol Corporation will report full-year sales of $1.73 billion for the current year, with estimates ranging from $6.66 billion to $6.68 billion. For the next fiscal year, analysts forecast that the firm will post sales of $7.00 billion per share, with estimates ranging from $6.97 billion to $7.07 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Amphenol Corporation.

Amphenol Corporation (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.09. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 EPS.

Several research firms have issued reports on APH. Zacks Investment Research upgraded Amphenol Corporation from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Thursday. Royal Bank Of Canada restated a “top pick” rating and issued a $85.00 price objective (up previously from $81.00) on shares of Amphenol Corporation in a research note on Tuesday, August 29th. Stifel Nicolaus restated a “hold” rating and issued a $72.00 price objective on shares of Amphenol Corporation in a research note on Monday, August 14th. Finally, BidaskClub upgraded Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $79.75.

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In other news, SVP Luc Walter sold 110,400 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $77.70, for a total transaction of $8,578,080.00. Following the transaction, the senior vice president now owns 130,400 shares in the company, valued at $10,132,080. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard Adam Norwitt sold 200,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $77.95, for a total value of $15,590,000.00. Following the transaction, the chief executive officer now owns 293,992 shares in the company, valued at approximately $22,916,676.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 433,200 shares of company stock worth $33,886,886. 2.51% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in APH. Birch Hill Investment Advisors LLC bought a new position in shares of Amphenol Corporation during the first quarter worth approximately $105,000. Dupont Capital Management Corp bought a new position in shares of Amphenol Corporation during the second quarter worth approximately $109,000. People s United Financial Inc. increased its stake in shares of Amphenol Corporation by 6.8% during the second quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock worth $110,000 after purchasing an additional 95 shares during the period. YorkBridge Wealth Partners LLC increased its stake in shares of Amphenol Corporation by 300.0% during the first quarter. YorkBridge Wealth Partners LLC now owns 1,600 shares of the electronics maker’s stock worth $114,000 after purchasing an additional 1,200 shares during the period. Finally, Israel Discount Bank of New York bought a new position in shares of Amphenol Corporation during the first quarter worth approximately $121,000. Institutional investors own 96.87% of the company’s stock.

Amphenol Corporation (APH) opened at 80.52 on Friday. The firm has a 50-day moving average price of $78.49 and a 200 day moving average price of $74.01. The company has a market capitalization of $24.59 billion, a P/E ratio of 27.11 and a beta of 0.76. Amphenol Corporation has a 12 month low of $60.97 and a 12 month high of $81.17.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, September 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.94%. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s dividend payout ratio (DPR) is 21.55%.

About Amphenol Corporation

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.

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Earnings History and Estimates for Amphenol Corporation (NYSE:APH)

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