TE Connectivity (TEL) Scheduled to Post Quarterly Earnings on Wednesday

TE Connectivity (NYSE:TEL) is set to issue its quarterly earnings data before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.82 per share for the quarter. TE Connectivity has set its Q2 guidance at ~$1.82 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $1.84 EPS for the quarter, topping the consensus estimate of $1.71 by $0.13. TE Connectivity had a net margin of 20.69% and a return on equity of 18.93%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period in the previous year, the firm earned $1.53 EPS. The business’s revenue for the quarter was down .3% compared to the same quarter last year. On average, analysts expect TE Connectivity to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

TE Connectivity Price Performance

TE Connectivity stock opened at $142.79 on Wednesday. TE Connectivity has a 52 week low of $115.00 and a 52 week high of $147.98. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 0.27. The firm’s 50-day simple moving average is $142.78 and its 200 day simple moving average is $135.32. The firm has a market capitalization of $44.38 billion, a PE ratio of 13.55, a P/E/G ratio of 2.04 and a beta of 1.39.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.60 annualized dividend and a dividend yield of 1.82%. TE Connectivity’s dividend payout ratio is presently 22.39%.

Analyst Ratings Changes

A number of research firms have issued reports on TEL. Robert W. Baird upped their target price on shares of TE Connectivity from $147.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. StockNews.com began coverage on shares of TE Connectivity in a report on Sunday. They issued a “buy” rating on the stock. Jefferies Financial Group initiated coverage on shares of TE Connectivity in a report on Tuesday, April 9th. They issued a “buy” rating and a $180.00 target price on the stock. Finally, Truist Financial upped their price objective on shares of TE Connectivity from $148.00 to $153.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $153.30.

Insider Buying and Selling

In related news, insider Steven T. Merkt sold 99,777 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $144.00, for a total transaction of $14,367,888.00. Following the completion of the sale, the insider now owns 30,459 shares of the company’s stock, valued at approximately $4,386,096. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Institutional Trading of TE Connectivity

Several large investors have recently bought and sold shares of TEL. Money Concepts Capital Corp boosted its stake in shares of TE Connectivity by 101.3% during the 4th quarter. Money Concepts Capital Corp now owns 322 shares of the electronics maker’s stock valued at $37,000 after buying an additional 162 shares during the last quarter. Point72 Europe London LLP purchased a new position in shares of TE Connectivity during the 4th quarter valued at approximately $49,000. First Capital Advisors Group LLC. purchased a new position in shares of TE Connectivity during the 2nd quarter valued at approximately $62,000. Milestone Investment Advisors LLC purchased a new position in shares of TE Connectivity during the 1st quarter valued at approximately $63,000. Finally, ICA Group Wealth Management LLC purchased a new position in shares of TE Connectivity during the 4th quarter valued at approximately $59,000. Institutional investors and hedge funds own 91.43% 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 AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.