Brokerages forecast that Amphenol (NYSE:APH) will post sales of $1.88 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Amphenol’s earnings, with the lowest sales estimate coming in at $1.88 billion and the highest estimate coming in at $1.89 billion. Amphenol posted sales of $1.67 billion in the same quarter last year, which suggests a positive year over year growth rate of 12.6%. The business is expected to report its next quarterly earnings report on Wednesday, July 25th.
According to Zacks, analysts expect that Amphenol will report full year sales of $7.70 billion for the current financial year, with estimates ranging from $7.68 billion to $7.72 billion. For the next year, analysts expect that the business will post sales of $8.11 billion per share, with estimates ranging from $7.98 billion to $8.21 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Amphenol.
Get Amphenol alerts:Amphenol (NYSE:APH) last released its earnings results on Wednesday, April 25th. The electronics maker reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. Amphenol had a net margin of 9.45% and a return on equity of 26.65%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm earned $0.71 EPS. The business’s revenue for the quarter was up 19.7% on a year-over-year basis.
A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Amphenol from a “sell” rating to a “hold” rating in a report on Friday, April 27th. Morgan Stanley boosted their target price on shares of Amphenol from $90.00 to $93.00 and gave the stock an “equal weight” rating in a report on Thursday, April 26th. SunTrust Banks reiterated a “hold” rating and issued a $89.00 target price (up from $82.00) on shares of Amphenol in a report on Thursday, January 25th. Finally, ValuEngine upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Six analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Amphenol presently has an average rating of “Buy” and a consensus target price of $92.33.
Several hedge funds have recently added to or reduced their stakes in APH. Dupont Capital Management Corp acquired a new stake in shares of Amphenol during the fourth quarter valued at approximately $115,000. Tower Research Capital LLC TRC raised its holdings in shares of Amphenol by 87.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,369 shares of the electronics maker’s stock valued at $120,000 after acquiring an additional 640 shares during the period. Fusion Family Wealth LLC acquired a new stake in shares of Amphenol during the fourth quarter valued at approximately $121,000. Wagner Wealth Management LLC acquired a new stake in shares of Amphenol during the fourth quarter valued at approximately $127,000. Finally, CENTRAL TRUST Co raised its holdings in shares of Amphenol by 52.6% during the fourth quarter. CENTRAL TRUST Co now owns 1,915 shares of the electronics maker’s stock valued at $168,000 after acquiring an additional 660 shares during the period. Institutional investors and hedge funds own 97.09% of the company’s stock.
Shares of Amphenol traded down $0.17, reaching $87.95, during midday trading on Tuesday, according to MarketBeat. The company’s stock had a trading volume of 41,473 shares, compared to its average volume of 1,354,899. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.80 and a quick ratio of 1.27. Amphenol has a one year low of $87.60 and a one year high of $88.33. The company has a market capitalization of $26.63 billion, a P/E ratio of 28.19, a PEG ratio of 2.43 and a beta of 0.84.
Amphenol announced that its board has initiated a share buyback plan on Wednesday, April 25th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the electronics maker to reacquire up to 7.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 10th. Stockholders of record on Monday, June 18th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, June 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.05%. This is a positive change from Amphenol’s previous quarterly dividend of $0.19. Amphenol’s payout ratio is currently 24.36%.
Amphenol Company Profile
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.
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