Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Amphenol Corporation (APH) Share Price
Media headlines about Amphenol Corporation (NYSE:APH) have been trending somewhat positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Amphenol Corporation earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news articles about the electronics maker an impact score of 45.0794946571799 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Short Interest Decreases By 11.5% For APH (thestreet.com)
- Technology Stock in Buy Zone: Amphenol Corporation (APH) – Street Observer (press release) (streetobserver.com)
- Best Stocks To Invest: Zoetis Inc. (ZTS), Eli Lilly and Company (LLY) – AppsforPCdaily (appsforpcdaily.com)
- PDP, ANSS, APH, AMD: Large Outflows Detected at ETF (nasdaq.com)
- Amphenol Corporation (APH) Set to Announce Earnings on Tuesday (americanbankingnews.com)
Amphenol Corporation (APH) opened at 87.77 on Friday. The firm has a market cap of $26.81 billion, a PE ratio of 29.55 and a beta of 0.79. The stock has a 50 day moving average of $82.79 and a 200 day moving average of $76.31. Amphenol Corporation has a 52 week low of $62.72 and a 52 week high of $87.79.
Amphenol Corporation (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.09. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the company earned $0.65 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. Analysts anticipate that Amphenol Corporation will post $3.10 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th were given a dividend of $0.19 per share. The ex-dividend date was Friday, September 15th. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a yield of 0.87%. Amphenol Corporation’s dividend payout ratio is presently 25.59%.
Several brokerages recently weighed in on APH. BidaskClub upgraded shares of Amphenol Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) downgraded shares of Amphenol Corporation from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $75.00 to $78.00 in a research report on Wednesday, July 5th. Zacks Investment Research downgraded shares of Amphenol Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Stifel Nicolaus restated a “hold” rating and set a $72.00 price target on shares of Amphenol Corporation in a research report on Friday, July 14th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $83.50.
In related news, CFO Craig A. Lampo sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $80.98, for a total value of $1,214,700.00. Following the sale, the chief financial officer now directly owns 40,000 shares in the company, valued at approximately $3,239,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David M. Silverman sold 16,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $80.04, for a total transaction of $1,280,640.00. Following the completion of the sale, the vice president now owns 16,000 shares in the company, valued at $1,280,640. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 433,200 shares of company stock worth $33,886,886. Corporate insiders own 2.51% of the company’s stock.
About Amphenol Corporation
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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