$1.73 Billion in Sales Expected for Amphenol Corporation (APH) This Quarter
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.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/09/10/1-73-billion-in-sales-expected-for-amphenol-corporation-aph-this-quarter.html.
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.
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.