Equities analysts expect Amphenol Corporation (NYSE:APH) to report $1.79 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Amphenol Corporation’s earnings, with estimates ranging from $1.78 billion to $1.80 billion. Amphenol Corporation posted sales of $1.65 billion during the same quarter last year, which suggests a positive year over year growth rate of 8.5%. The firm is scheduled to report its next quarterly earnings report on Wednesday, January 24th.

According to Zacks, analysts expect that Amphenol Corporation will report full-year sales of $1.79 billion for the current fiscal year, with estimates ranging from $6.85 billion to $6.87 billion. For the next financial year, analysts expect that the business will post sales of $7.23 billion per share, with estimates ranging from $7.22 billion to $7.24 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Amphenol Corporation.

Amphenol Corporation (NYSE:APH) last issued its earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.09. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Amphenol Corporation had a net margin of 14.73% and a return on equity of 25.63%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.73 earnings per share.

Several research firms have recently commented on APH. Royal Bank Of Canada restated a “top pick” rating and set a $85.00 price target (up previously from $81.00) on shares of Amphenol Corporation in a research report on Tuesday, August 29th. Cowen and Company restated an “outperform” rating and set a $95.00 price target (up previously from $85.00) on shares of Amphenol Corporation in a research report on Tuesday, October 10th. Bank of America Corporation upgraded shares of Amphenol Corporation from a “neutral” rating to a “buy” rating in a research report on Friday, September 29th. Zacks Investment Research upgraded shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Thursday, August 24th. Finally, Deutsche Bank AG upped their price target on shares of Amphenol Corporation from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $86.78.

Shares of Amphenol Corporation (NYSE APH) opened at $87.33 on Monday. The firm has a market cap of $26,665.27, a price-to-earnings ratio of 27.72, a price-to-earnings-growth ratio of 2.68 and a beta of 0.80. The company has a current ratio of 3.04, a quick ratio of 2.27 and a debt-to-equity ratio of 0.87. Amphenol Corporation has a twelve month low of $64.83 and a twelve month high of $88.19.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Monday, December 18th will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.76 dividend on an annualized basis and a yield of 0.87%. Amphenol Corporation’s dividend payout ratio is presently 24.20%.

In related news, Director Diana G. Reardon sold 28,000 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $87.28, for a total value of $2,443,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP William J. Doherty sold 61,800 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $78.12, for a total transaction of $4,827,816.00. Following the completion of the transaction, the vice president now owns 8,800 shares of the company’s stock, valued at approximately $687,456. The disclosure for this sale can be found here. Insiders sold a total of 458,800 shares of company stock valued at $38,705,206 in the last quarter. 2.51% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in APH. Dupont Capital Management Corp bought a new position in Amphenol Corporation in the 2nd quarter valued at about $109,000. People s United Financial Inc. grew its position in Amphenol Corporation by 6.8% in the 2nd quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock valued at $110,000 after buying an additional 95 shares in the last quarter. Parallel Advisors LLC grew its position in Amphenol Corporation by 28.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock valued at $134,000 after buying an additional 391 shares in the last quarter. Acrospire Investment Management LLC bought a new position in Amphenol Corporation in the 2nd quarter valued at about $148,000. Finally, Cribstone Capital Management LLC grew its position in Amphenol Corporation by 123.5% in the 3rd quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock valued at $161,000 after buying an additional 1,050 shares in the last quarter. Hedge funds and other institutional investors own 97.07% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/11/06/zacks-brokerages-anticipate-amphenol-corporation-aph-will-post-quarterly-sales-of-1-79-billion.html.

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.

Get a free copy of the Zacks research report on Amphenol Corporation (APH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.