Wall Street brokerages expect Amphenol Co. (NYSE:APH) to announce sales of $1.79 billion for the current quarter, according to Zacks. Four analysts have made estimates for Amphenol’s earnings. The highest sales estimate is $1.80 billion and the lowest is $1.78 billion. Amphenol reported sales of $1.65 billion during the same quarter last year, which would suggest a positive year over year growth rate of 8.5%. The business is scheduled to announce its next quarterly earnings results before the market opens on Wednesday, January 24th.

On average, analysts expect that Amphenol 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 firm will post sales of $7.26 billion per share, with estimates ranging from $7.22 billion to $7.36 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Amphenol.

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

A number of analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Amphenol from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research note on Wednesday, January 10th. Cowen restated a “buy” rating and issued a $105.00 price target on shares of Amphenol in a research report on Wednesday, January 10th. Deutsche Bank boosted their price target on shares of Amphenol from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Bank of America upgraded shares of Amphenol from a “neutral” rating to a “buy” rating in a research report on Friday, September 29th. Finally, Canaccord Genuity restated a “hold” rating on shares of Amphenol in a research report on Monday, October 16th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Amphenol currently has an average rating of “Buy” and an average price target of $89.60.

In other news, VP Jean-Luc Gavelle sold 88,000 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $86.37, for a total transaction of $7,600,560.00. Following the completion of the sale, the vice president now directly owns 48,000 shares of the company’s stock, valued at $4,145,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard Adam Norwitt sold 220,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $86.10, for a total transaction of $18,942,000.00. Following the sale, the chief executive officer now directly owns 216,492 shares of the company’s stock, valued at $18,639,961.20. The disclosure for this sale can be found here. Insiders have sold 849,000 shares of company stock valued at $75,518,690 over the last three months. Insiders own 2.51% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. People s United Financial Inc. boosted its position in Amphenol by 6.8% in the 2nd 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 in the last quarter. Acrospire Investment Management LLC acquired a new stake in Amphenol during the second quarter worth about $148,000. Cribstone Capital Management LLC increased its stake in Amphenol by 123.5% during the third quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock worth $161,000 after acquiring an additional 1,050 shares during the last quarter. Zions Bancorporation acquired a new stake in Amphenol during the third quarter worth about $169,000. Finally, Taurus Asset Management LLC acquired a new stake in Amphenol during the third quarter worth about $201,000. 96.63% of the stock is owned by hedge funds and other institutional investors.

Shares of Amphenol (NYSE APH) traded down $0.55 during mid-day trading on Tuesday, hitting $91.28. 1,481,200 shares of the stock were exchanged, compared to its average volume of 1,171,410. Amphenol has a 52-week low of $66.00 and a 52-week high of $92.61. The company has a market capitalization of $28,060.00, a price-to-earnings ratio of 29.16, a PEG ratio of 2.41 and a beta of 0.81. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.04 and a quick ratio of 2.27.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Monday, December 18th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Friday, December 15th. Amphenol’s dividend payout ratio (DPR) is 24.28%.

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About Amphenol

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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