TE Connectivity (TEL) Earning Somewhat Favorable News Coverage, Report Finds
News articles about TE Connectivity (NYSE:TEL) have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TE Connectivity earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the electronics maker an impact score of 46.4162535306141 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- CONSORTIUM ANNOUNCES THAT MONET CABLE SYSTEM IS READY FOR SERVICE (newswire.telecomramblings.com)
- Monet Florida-Brazil subsea cable system ready for service (bnamericas.com)
- Dangling Stocks: Hanesbrands Inc., (NYSE: HBI), TE Connectivity Ltd., (NYSE: TEL), Veeva Systems Inc., (NYSE … – Stocks In The News (press release) (tradingnewsnow.com)
- Weigh On Beatable Move: TE Connectivity Ltd. (NYSE:TEL), Leggett & Platt, Incorporated (NYSE:LEG) – Investing News Update (investingbizz.com)
- Summary of what has been trade about TE Connectivity Ltd. (TEL) – Wall Street Morning (wallstreetmorning.com)
Several equities research analysts have weighed in on TEL shares. Cowen reaffirmed a “buy” rating and set a $95.00 price target on shares of TE Connectivity in a research report on Thursday, August 10th. Zacks Investment Research raised TE Connectivity from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Monday, September 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $87.00 price target on shares of TE Connectivity in a research report on Tuesday, October 17th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $95.00 price target (up from $90.00) on shares of TE Connectivity in a research report on Monday, October 30th. Finally, Citigroup raised their target price on TE Connectivity from $92.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $150.00.
Shares of TE Connectivity (NYSE TEL) traded down $0.31 during trading on Tuesday, reaching $92.56. 1,642,274 shares of the company were exchanged, compared to its average volume of 1,436,673. The stock has a market cap of $32,958.95, a price-to-earnings ratio of 19.41, a PEG ratio of 1.63 and a beta of 1.08. TE Connectivity has a 1 year low of $66.20 and a 1 year high of $96.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.54 and a quick ratio of 1.07.
TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.09. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.28 billion. TE Connectivity had a net margin of 12.84% and a return on equity of 18.97%. TE Connectivity’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $1.22 EPS. equities analysts anticipate that TE Connectivity will post 5.27 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Wednesday, November 22nd. TE Connectivity’s dividend payout ratio is presently 33.97%.
In other TE Connectivity news, SVP Mario Calastri sold 8,539 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $93.27, for a total value of $796,432.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas J. Lynch sold 130,616 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $83.37, for a total transaction of $10,889,455.92. Following the completion of the transaction, the insider now directly owns 429,499 shares in the company, valued at $35,807,331.63. The disclosure for this sale can be found here. Insiders sold a total of 759,805 shares of company stock worth $69,542,539 over the last ninety days. 1.49% of the stock is currently owned by corporate insiders.
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TE Connectivity Company Profile
TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.
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