TE Connectivity Ltd (TEL) Expected to Announce Earnings of $1.35 Per Share

Equities research analysts predict that TE Connectivity Ltd (NYSE:TEL) will report earnings per share of $1.35 for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for TE Connectivity’s earnings, with the highest EPS estimate coming in at $1.36 and the lowest estimate coming in at $1.35. TE Connectivity posted earnings of $1.19 per share during the same quarter last year, which would indicate a positive year over year growth rate of 13.4%. The business is scheduled to announce its next earnings report on Wednesday, April 25th.

On average, analysts expect that TE Connectivity will report full-year earnings of $5.48 per share for the current financial year, with EPS estimates ranging from $5.45 to $5.52. For the next year, analysts forecast that the firm will post earnings of $5.90 per share, with EPS estimates ranging from $5.52 to $6.13. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for TE Connectivity.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.15. TE Connectivity had a net margin of 9.12% and a return on equity of 19.49%. The firm had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the firm earned $1.15 EPS. The company’s revenue for the quarter was up 13.6% on a year-over-year basis.

Several research analysts recently weighed in on TEL shares. Stifel Nicolaus restated a “buy” rating and set a $98.00 price target on shares of TE Connectivity in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research report on Tuesday, January 23rd. Royal Bank of Canada reduced their price target on shares of TE Connectivity from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, November 2nd. Wells Fargo & Co upped their price target on shares of TE Connectivity from $112.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Robert W. Baird started coverage on shares of TE Connectivity in a research report on Friday, November 3rd. They set an “outperform” rating and a $105.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $152.75.

In other TE Connectivity news, SVP Robert J. Ott sold 20,000 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $95.78, for a total value of $1,915,600.00. Following the completion of the sale, the senior vice president now owns 31,390 shares in the company, valued at approximately $3,006,534.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas J. Lynch sold 130,617 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $91.29, for a total transaction of $11,924,025.93. Following the completion of the sale, the insider now owns 429,500 shares of the company’s stock, valued at approximately $39,209,055. The disclosure for this sale can be found here. In the last quarter, insiders sold 705,373 shares of company stock valued at $65,870,755. 1.30% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. AllSquare Wealth Management LLC purchased a new stake in shares of TE Connectivity in the 3rd quarter valued at approximately $113,000. Robecosam AG purchased a new stake in shares of TE Connectivity in the 3rd quarter valued at approximately $155,000. BB&T Investment Services Inc. grew its stake in shares of TE Connectivity by 87.3% in the 3rd quarter. BB&T Investment Services Inc. now owns 2,038 shares of the electronics maker’s stock valued at $168,000 after buying an additional 950 shares during the period. Courier Capital LLC purchased a new stake in shares of TE Connectivity in the 4th quarter valued at approximately $207,000. Finally, Armor Investment Advisors LLC purchased a new stake in shares of TE Connectivity in the 3rd quarter valued at approximately $208,000. Institutional investors own 90.08% of the company’s stock.

TE Connectivity (TEL) traded up $1.71 on Friday, hitting $104.35. 2,283,123 shares of the company traded hands, compared to its average volume of 1,739,589. TE Connectivity has a 52-week low of $71.93 and a 52-week high of $108.23. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.07 and a current ratio of 1.58. The firm has a market cap of $36,047.82, a P/E ratio of 30.16, a PEG ratio of 1.72 and a beta of 1.08.

TE Connectivity announced that its board has approved a share buyback plan on Friday, December 8th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the electronics maker to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

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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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