Equities research analysts expect that TE Connectivity Ltd (NYSE:TEL) will post earnings per share of $1.35 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for TE Connectivity’s earnings, with estimates ranging from $1.35 to $1.36. TE Connectivity posted earnings of $1.19 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.4%. The company is expected to report its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that TE Connectivity will report full-year earnings of $5.48 per share for the current year, with EPS estimates ranging from $5.45 to $5.52. For the next financial year, analysts anticipate that the company will report earnings of $5.90 per share, with EPS estimates ranging from $5.52 to $6.13. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover TE Connectivity.
TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, January 24th. The electronics maker reported $1.40 EPS for the quarter, topping the consensus estimate of $1.25 by $0.15. The company had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.39 billion. TE Connectivity had a net margin of 9.12% and a return on equity of 19.49%. The business’s revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.15 EPS.
In other news, insider Thomas J. Lynch sold 76,183 shares of TE Connectivity stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $103.61, for a total transaction of $7,893,320.63. Following the completion of the transaction, the insider now owns 254,715 shares of the company’s stock, valued at approximately $26,391,021.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joan Wainwright sold 63,562 shares of TE Connectivity stock in a transaction on Friday, November 17th. The stock was sold at an average price of $94.79, for a total value of $6,025,041.98. Following the transaction, the insider now directly owns 61,292 shares of the company’s stock, valued at approximately $5,809,868.68. The disclosure for this sale can be found here. Insiders have sold a total of 598,196 shares of company stock valued at $58,835,804 in the last ninety days. Corporate insiders own 0.70% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. AllSquare Wealth Management LLC acquired a new position in TE Connectivity in the 3rd quarter valued at about $113,000. Robecosam AG acquired a new position in TE Connectivity in the 3rd quarter valued at about $155,000. NuWave Investment Management LLC acquired a new position in TE Connectivity in the 4th quarter valued at about $192,000. BB&T Investment Services Inc. raised its stake in 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 purchasing an additional 950 shares during the last quarter. Finally, Courier Capital LLC acquired a new position in TE Connectivity in the 4th quarter valued at about $207,000. 89.58% of the stock is owned by hedge funds and other institutional investors.
Shares of TE Connectivity (NYSE:TEL) traded up $0.30 during midday trading on Wednesday, hitting $99.09. 586,663 shares of the company’s stock traded hands, compared to its average volume of 2,081,746. The stock has a market cap of $34,710.00, a price-to-earnings ratio of 28.80, a P/E/G ratio of 1.65 and a beta of 1.11. TE Connectivity has a 52 week low of $71.93 and a 52 week high of $108.23. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.34.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Thursday, February 22nd. TE Connectivity’s dividend payout ratio (DPR) is presently 46.51%.
TE Connectivity declared that its board has initiated a stock repurchase program on Friday, December 8th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the electronics maker to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
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About TE Connectivity
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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