Analysts forecast that TE Connectivity Ltd. (NYSE:TEL) will announce earnings per share (EPS) of $1.16 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for TE Connectivity’s earnings, with estimates ranging from $1.15 to $1.19. TE Connectivity reported earnings of $1.27 per share in the same quarter last year, which indicates a negative year over year growth rate of 8.7%. The business is expected to issue its next quarterly earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that TE Connectivity will report full year earnings of $4.75 per share for the current fiscal year, with EPS estimates ranging from $4.73 to $4.78. For the next financial year, analysts anticipate that the firm will post earnings of $5.08 per share, with EPS estimates ranging from $4.85 to $5.38. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow TE Connectivity.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, July 26th. The electronics maker reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.07. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.28 billion. TE Connectivity had a net margin of 12.98% and a return on equity of 19.76%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 earnings per share.

TEL has been the topic of several research reports. Zacks Investment Research raised shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research report on Monday, September 4th. Royal Bank Of Canada raised their price objective on shares of TE Connectivity from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 27th. Morgan Stanley reissued an “overweight” rating and set a $89.00 price objective on shares of TE Connectivity in a research report on Wednesday, September 20th. BidaskClub downgraded shares of TE Connectivity from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Finally, Cowen and Company reissued a “buy” rating and set a $95.00 price objective on shares of TE Connectivity in a research report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $84.14.

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In other news, insider Thomas J. Lynch sold 186,033 shares of TE Connectivity stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $79.75, for a total value of $14,836,131.75. Following the sale, the insider now owns 504,884 shares of the company’s stock, valued at $40,264,499. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Mario Calastri sold 6,000 shares of TE Connectivity stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $80.23, for a total transaction of $481,380.00. Following the completion of the sale, the senior vice president now directly owns 23,078 shares in the company, valued at approximately $1,851,547.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 693,747 shares of company stock worth $55,780,069. Insiders own 1.49% of the company’s stock.

Several large investors have recently modified their holdings of TEL. Victory Capital Management Inc. boosted its holdings in shares of TE Connectivity by 6.5% in the first quarter. Victory Capital Management Inc. now owns 8,213 shares of the electronics maker’s stock valued at $612,000 after acquiring an additional 499 shares in the last quarter. AXA purchased a new stake in shares of TE Connectivity in the first quarter valued at about $253,000. Wellington Management Group LLP boosted its holdings in shares of TE Connectivity by 94.6% in the first quarter. Wellington Management Group LLP now owns 139,318 shares of the electronics maker’s stock valued at $10,387,000 after acquiring an additional 67,715 shares in the last quarter. Clark Capital Management Group Inc. purchased a new stake in shares of TE Connectivity in the first quarter valued at about $7,065,000. Finally, Stephens Inc. AR purchased a new stake in shares of TE Connectivity in the first quarter valued at about $2,242,000. 90.08% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity (NYSE:TEL) opened at 86.75 on Thursday. The company’s 50-day moving average is $81.80 and its 200-day moving average is $78.74. TE Connectivity has a 52-week low of $60.59 and a 52-week high of $86.77. The firm has a market capitalization of $30.66 billion, a P/E ratio of 18.42 and a beta of 1.08.

About TE Connectivity

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.

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Earnings History and Estimates for TE Connectivity (NYSE:TEL)

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