Zacks: Brokerages Anticipate Amphenol Corporation (APH) Will Post Quarterly Sales of $1.79 Billion
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.
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.
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