Amphenol (NYSE:APH) Releases Q2 2024 Earnings Guidance

Amphenol (NYSE:APH) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.790-0.810 for the period, compared to the consensus earnings per share estimate of 0.790. The company issued revenue guidance of $3.2 billion-$3.3 billion, compared to the consensus revenue estimate of $3.3 billion. Amphenol also updated its Q2 guidance to $0.79-0.81 EPS.

Analysts Set New Price Targets

Several research firms recently commented on APH. Stifel Nicolaus raised their price target on shares of Amphenol from $88.00 to $95.00 and gave the company a hold rating in a report on Thursday, January 25th. Bank of America lifted their price objective on Amphenol from $121.00 to $124.00 and gave the company a buy rating in a report on Thursday. Jefferies Financial Group started coverage on Amphenol in a research report on Tuesday, April 9th. They set a hold rating and a $125.00 price target on the stock. UBS Group upped their target price on Amphenol from $135.00 to $138.00 and gave the company a buy rating in a research report on Thursday. Finally, The Goldman Sachs Group upped their target price on Amphenol from $107.00 to $119.00 and gave the stock a buy rating in a report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $118.83.

Amphenol Stock Up 1.2 %

NYSE:APH traded up $1.48 during midday trading on Friday, hitting $120.49. 4,172,919 shares of the company were exchanged, compared to its average volume of 3,505,085. The company has a market capitalization of $72.48 billion, a PE ratio of 36.85, a price-to-earnings-growth ratio of 3.13 and a beta of 1.30. Amphenol has a fifty-two week low of $72.77 and a fifty-two week high of $121.25. The company has a fifty day simple moving average of $112.04 and a 200 day simple moving average of $99.70. The company has a current ratio of 2.06, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, topping the consensus estimate of $0.73 by $0.07. The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.10 billion. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. Amphenol’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 earnings per share. As a group, equities analysts anticipate that Amphenol will post 3.34 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.88 annualized dividend and a dividend yield of 0.73%. Amphenol’s dividend payout ratio (DPR) is 26.91%.

Amphenol announced that its board has authorized a stock buyback program on Wednesday, April 24th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the electronics maker to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other Amphenol news, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the transaction, the chief financial officer now directly owns 147,045 shares in the company, valued at approximately $15,391,200.15. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The disclosure for this sale can be found here. In the last three months, insiders sold 305,000 shares of company stock valued at $31,846,050. 1.80% of the stock is owned by corporate insiders.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.