$3.81 Billion in Sales Expected for TE Connectivity Ltd. (NYSE:TEL) This Quarter

Brokerages expect that TE Connectivity Ltd. (NYSE:TEL) will post $3.81 billion in sales for the current quarter, according to Zacks. Five analysts have provided estimates for TE Connectivity’s earnings, with the lowest sales estimate coming in at $3.80 billion and the highest estimate coming in at $3.82 billion. TE Connectivity posted sales of $3.26 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 16.9%. The firm is expected to issue its next earnings results before the market opens on Wednesday, October 27th.

On average, analysts expect that TE Connectivity will report full-year sales of $14.91 billion for the current year, with estimates ranging from $14.90 billion to $14.92 billion. For the next fiscal year, analysts anticipate that the company will post sales of $15.72 billion, with estimates ranging from $15.49 billion to $16.01 billion. Zacks Investment Research’s sales calculations are an 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, July 28th. The electronics maker reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.21. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.73 billion. TE Connectivity had a net margin of 11.81% and a return on equity of 20.47%.

A number of equities research analysts have commented on the stock. Truist raised their price target on shares of TE Connectivity from $139.00 to $149.00 and gave the stock a “hold” rating in a report on Thursday, July 29th. Truist Securities lifted their price objective on shares of TE Connectivity from $139.00 to $149.00 and gave the company a “hold” rating in a report on Thursday, July 29th. Robert W. Baird lifted their price objective on shares of TE Connectivity from $145.00 to $158.00 and gave the company an “outperform” rating in a report on Thursday, July 29th. Zacks Investment Research cut shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $161.00 price objective for the company. in a report on Tuesday, August 17th. Finally, Morgan Stanley lifted their price objective on shares of TE Connectivity from $135.00 to $138.00 and gave the company an “equal weight” rating in a report on Thursday, July 29th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $150.08.

In other TE Connectivity news, Director Daniel J. Phelan acquired 231 shares of the business’s stock in a transaction dated Tuesday, August 10th. The stock was bought at an average price of $150.25 per share, with a total value of $34,707.75. Following the purchase, the director now owns 34,151 shares of the company’s stock, valued at $5,131,187.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas J. Lynch sold 100,000 shares of the company’s stock in a transaction on Thursday, August 5th. The shares were sold at an average price of $148.31, for a total transaction of $14,831,000.00. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of TEL. Ameritas Investment Company LLC bought a new stake in TE Connectivity during the 1st quarter valued at $31,000. Eagle Bay Advisors LLC bought a new position in TE Connectivity in the 2nd quarter worth $37,000. Arkadios Wealth Advisors raised its holdings in TE Connectivity by 279.7% in the 2nd quarter. Arkadios Wealth Advisors now owns 281 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 207 shares in the last quarter. Pflug Koory LLC bought a new position in TE Connectivity in the 2nd quarter worth $41,000. Finally, Isthmus Partners LLC bought a new position in TE Connectivity in the 2nd quarter worth $41,000. Institutional investors own 89.51% of the company’s stock.

Shares of TEL stock traded up $4.62 during trading hours on Monday, hitting $146.04. 28,735 shares of the company’s stock traded hands, compared to its average volume of 1,574,555. TE Connectivity has a 12 month low of $94.16 and a 12 month high of $153.54. The stock’s 50 day simple moving average is $146.59 and its 200 day simple moving average is $139.21. The stock has a market cap of $47.90 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 2.15 and a beta of 1.36. The company has a quick ratio of 1.07, a current ratio of 1.59 and a debt-to-equity ratio of 0.36.

TE Connectivity Company Profile

TE Connectivity Ltd. engages in the design and manufacture of connectivity and sensors solutions. It operates through the following segments: Transportation, Industrial, and Communications Solutions. The Transportation Solutions segment offers products that are used in the automotive, commercial transportation, and sensors markets.

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Earnings History and Estimates for TE Connectivity (NYSE:TEL)

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