Analysts forecast that Amphenol Co. (NYSE:APH) will announce sales of $1.79 billion for the current quarter, Zacks reports. Four analysts have provided estimates for Amphenol’s earnings. The highest sales estimate is $1.80 billion and the lowest is $1.78 billion. Amphenol reported sales of $1.65 billion during the same quarter last year, which would suggest a positive year over year growth rate of 8.5%. The firm is expected to report its next earnings results before the market opens on Wednesday, January 24th.

On average, analysts expect that Amphenol will report full year sales of $1.79 billion for the current fiscal year, with estimates ranging from $6.85 billion to $6.87 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $7.26 billion per share, with estimates ranging from $7.22 billion to $7.36 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Amphenol.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.09. Amphenol had a return on equity of 25.63% and a net margin of 14.73%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. Amphenol’s quarterly revenue was up 12.5% on a year-over-year basis.

A number of brokerages recently weighed in on APH. Canaccord Genuity reaffirmed a “hold” rating on shares of Amphenol in a report on Monday, October 16th. Morgan Stanley lifted their price objective on Amphenol from $74.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Wells Fargo & Co assumed coverage on Amphenol in a report on Friday, November 10th. They set an “outperform” rating and a $98.00 price objective on the stock. SunTrust Banks lifted their price objective on Amphenol from $77.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, October 26th. Finally, Zacks Investment Research raised Amphenol from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Monday, October 2nd. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Amphenol currently has an average rating of “Buy” and a consensus target price of $89.60.

In other news, VP Jean-Luc Gavelle sold 88,000 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $86.37, for a total value of $7,600,560.00. Following the transaction, the vice president now directly owns 48,000 shares of the company’s stock, valued at approximately $4,145,760. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard Adam Norwitt sold 220,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $86.10, for a total value of $18,942,000.00. Following the completion of the transaction, the chief executive officer now directly owns 216,492 shares in the company, valued at $18,639,961.20. The disclosure for this sale can be found here. Insiders sold a total of 849,000 shares of company stock worth $75,518,690 over the last three months. 2.51% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in APH. Vanguard Group Inc. lifted its holdings in Amphenol by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 30,560,224 shares of the electronics maker’s stock worth $2,255,957,000 after buying an additional 765,862 shares in the last quarter. Capital World Investors lifted its holdings in Amphenol by 0.9% during the 2nd quarter. Capital World Investors now owns 26,040,751 shares of the electronics maker’s stock worth $1,922,328,000 after buying an additional 236,214 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Amphenol by 1,662.5% during the 2nd quarter. Janus Henderson Group PLC now owns 10,597,526 shares of the electronics maker’s stock worth $782,311,000 after buying an additional 9,996,239 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Amphenol by 2.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,634,492 shares of the electronics maker’s stock worth $710,446,000 after buying an additional 173,637 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in Amphenol by 31.7% during the 2nd quarter. Capital Research Global Investors now owns 3,170,204 shares of the electronics maker’s stock worth $234,024,000 after buying an additional 762,494 shares in the last quarter. 96.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of Amphenol (APH) traded down $0.55 during mid-day trading on Tuesday, reaching $91.28. The company had a trading volume of 1,481,200 shares, compared to its average volume of 1,171,410. Amphenol has a 52-week low of $66.00 and a 52-week high of $92.61. The firm has a market capitalization of $28,060.00, a price-to-earnings ratio of 29.16, a PEG ratio of 2.41 and a beta of 0.81. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.04 and a quick ratio of 2.27.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Monday, December 18th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, December 15th. Amphenol’s payout ratio is currently 24.28%.

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Amphenol Company Profile

Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.

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