Wall Street brokerages forecast that TE Connectivity Ltd. (NYSE:TEL) will post $3.37 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for TE Connectivity’s earnings. The lowest sales estimate is $3.34 billion and the highest is $3.39 billion. TE Connectivity posted sales of $3.06 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.1%. The firm is scheduled to report its next quarterly earnings results on Wednesday, January 24th.

According to Zacks, analysts expect that TE Connectivity will report full-year sales of $3.37 billion for the current year, with estimates ranging from $13.11 billion to $14.06 billion. For the next financial year, analysts forecast that the firm will post sales of $14.60 billion per share, with estimates ranging from $14.44 billion to $14.84 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover TE Connectivity.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, November 1st. The electronics maker reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. TE Connectivity had a return on equity of 18.97% and a net margin of 12.84%. The company had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the firm earned $1.22 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year.

A number of research analysts have commented on TEL shares. Zacks Investment Research cut TE Connectivity from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Royal Bank Of Canada reiterated a “buy” rating and issued a $95.00 price objective (up from $90.00) on shares of TE Connectivity in a research note on Monday, October 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $98.00 price objective on shares of TE Connectivity in a research note on Friday, November 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $89.00 price objective on shares of TE Connectivity in a research note on Wednesday, September 20th. Finally, Citigroup Inc. increased their price objective on TE Connectivity from $92.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $150.00.

In other TE Connectivity news, insider Thomas J. Lynch sold 130,616 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $83.37, for a total transaction of $10,889,455.92. Following the transaction, the insider now owns 429,499 shares of the company’s stock, valued at $35,807,331.63. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Mario Calastri sold 8,539 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $93.27, for a total value of $796,432.53. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 742,571 shares of company stock worth $65,219,757. 1.49% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the business. First Eagle Investment Management LLC grew its holdings in shares of TE Connectivity by 112,210.6% during the second quarter. First Eagle Investment Management LLC now owns 1,684,659 shares of the electronics maker’s stock worth $132,549,000 after buying an additional 1,683,159 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of TE Connectivity by 17.7% during the third quarter. Janus Henderson Group PLC now owns 8,247,518 shares of the electronics maker’s stock worth $685,033,000 after buying an additional 1,239,920 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of TE Connectivity by 499.5% during the second quarter. PNC Financial Services Group Inc. now owns 1,386,610 shares of the electronics maker’s stock worth $109,098,000 after buying an additional 1,155,316 shares during the last quarter. Boston Partners grew its holdings in shares of TE Connectivity by 8.1% during the third quarter. Boston Partners now owns 12,428,336 shares of the electronics maker’s stock worth $1,032,298,000 after buying an additional 934,796 shares during the last quarter. Finally, Koch Industries Inc. purchased a new position in shares of TE Connectivity during the second quarter worth about $523,000. 89.58% of the stock is currently owned by institutional investors.

TE Connectivity (TEL) opened at $95.95 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.54. TE Connectivity has a 52 week low of $66.14 and a 52 week high of $96.68. The company has a market capitalization of $33,718.49, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 1.67 and a beta of 1.06.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Wednesday, November 22nd. TE Connectivity’s dividend payout ratio is presently 33.97%.

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TE Connectivity Company Profile

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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