Q2 2021 EPS Estimates for TE Connectivity Ltd. Boosted by Analyst (NYSE:TEL)

TE Connectivity Ltd. (NYSE:TEL) – Equities researchers at Jefferies Financial Group upped their Q2 2021 EPS estimates for shares of TE Connectivity in a research note issued on Tuesday, January 12th. Jefferies Financial Group analyst D. Kelley now forecasts that the electronics maker will post earnings of $1.35 per share for the quarter, up from their previous forecast of $1.28. Jefferies Financial Group has a “Buy” rating and a $126.00 price objective on the stock. Jefferies Financial Group also issued estimates for TE Connectivity’s Q3 2021 earnings at $1.37 EPS, Q2 2022 earnings at $1.60 EPS and Q3 2022 earnings at $1.57 EPS.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, October 28th. The electronics maker reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.30. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $2.90 billion. TE Connectivity had a negative net margin of 0.81% and a positive return on equity of 15.06%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 earnings per share.

Several other brokerages have also recently issued reports on TEL. TheStreet upgraded TE Connectivity from a “c” rating to a “b” rating in a research note on Wednesday, October 28th. Robert W. Baird restated an “outperform” rating and issued a $118.00 target price on shares of TE Connectivity in a research report on Monday, October 19th. Zacks Investment Research cut TE Connectivity from a “buy” rating to a “hold” rating and set a $123.00 target price on the stock. in a research report on Tuesday, December 15th. Oppenheimer raised their target price on TE Connectivity from $98.00 to $114.00 and gave the company an “outperform” rating in a research report on Thursday, September 17th. Finally, BidaskClub upgraded TE Connectivity from a “hold” rating to a “buy” rating in a research report on Tuesday, January 5th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $107.14.

Shares of TEL stock opened at $129.91 on Thursday. The business’s 50 day moving average is $120.00 and its two-hundred day moving average is $102.42. TE Connectivity has a twelve month low of $48.62 and a twelve month high of $131.75. The company has a market capitalization of $42.97 billion, a P/E ratio of -419.06, a price-to-earnings-growth ratio of 2.07 and a beta of 1.36. The company has a current ratio of 1.43, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its position in shares of TE Connectivity by 11.2% during the 2nd quarter. Federated Hermes Inc. now owns 3,459 shares of the electronics maker’s stock worth $282,000 after acquiring an additional 348 shares in the last quarter. FMR LLC boosted its stake in shares of TE Connectivity by 2.0% in the 2nd quarter. FMR LLC now owns 5,121,909 shares of the electronics maker’s stock valued at $417,692,000 after buying an additional 102,467 shares during the period. Captrust Financial Advisors boosted its stake in shares of TE Connectivity by 185.6% in the 2nd quarter. Captrust Financial Advisors now owns 5,217 shares of the electronics maker’s stock valued at $418,000 after buying an additional 3,390 shares during the period. Private Advisor Group LLC purchased a new position in shares of TE Connectivity in the 2nd quarter valued at about $241,000. Finally, California State Teachers Retirement System boosted its stake in shares of TE Connectivity by 1.2% in the 2nd quarter. California State Teachers Retirement System now owns 146,405 shares of the electronics maker’s stock valued at $11,939,000 after buying an additional 1,733 shares during the period. Institutional investors own 90.30% of the company’s stock.

In other news, Director Terrence R. Curtin sold 90,350 shares of the stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $108.64, for a total value of $9,815,624.00. Also, SVP Mario Calastri sold 11,200 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $102.84, for a total value of $1,151,808.00. Over the last three months, insiders have sold 199,988 shares of company stock valued at $22,411,150. Corporate insiders own 0.80% of the company’s stock.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaÂ-Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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