Zacks: Analysts Anticipate Amphenol Corporation (APH) to Post $0.72 EPS
Equities analysts expect Amphenol Corporation (NYSE:APH) to post $0.72 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Amphenol Corporation’s earnings, with the lowest EPS estimate coming in at $0.71 and the highest estimate coming in at $0.72. Amphenol Corporation posted earnings of $0.65 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 10.8%. The business is expected to announce its next quarterly earnings results before the market opens on Wednesday, July 26th.
According to Zacks, analysts expect that Amphenol Corporation will report full-year earnings of $2.95 per share for the current year, with EPS estimates ranging from $2.91 to $2.97. For the next year, analysts expect that the firm will post earnings of $3.18 per share, with EPS estimates ranging from $3.10 to $3.23. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Amphenol Corporation.
Amphenol Corporation (NYSE:APH) last announced its quarterly earnings data on Wednesday, April 26th. The electronics maker reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.53 billion. Amphenol Corporation had a net margin of 13.93% and a return on equity of 24.24%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 earnings per share.
APH has been the topic of several research analyst reports. Royal Bank Of Canada lifted their price target on shares of Amphenol Corporation from $71.00 to $75.00 and gave the stock a “top pick” rating in a research note on Thursday, March 2nd. Zacks Investment Research upgraded shares of Amphenol Corporation from a “sell” rating to a “hold” rating in a research note on Friday, March 10th. Morgan Stanley lifted their price target on shares of Amphenol Corporation from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Friday, April 28th. Deutsche Bank AG lifted their price target on shares of Amphenol Corporation from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Finally, Cowen and Company began coverage on shares of Amphenol Corporation in a research note on Tuesday, March 21st. They set an “outperform” rating and a $85.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Amphenol Corporation has an average rating of “Buy” and an average target price of $77.00.
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In other news, CEO Richard Adam Norwitt sold 200,000 shares of Amphenol Corporation stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $73.10, for a total value of $14,620,000.00. Following the sale, the chief executive officer now owns 293,992 shares of the company’s stock, valued at $21,490,815.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Craig A. Lampo sold 15,000 shares of Amphenol Corporation stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $72.86, for a total transaction of $1,092,900.00. Following the completion of the sale, the chief financial officer now directly owns 40,000 shares in the company, valued at approximately $2,914,400. The disclosure for this sale can be found here. Insiders have sold a total of 893,000 shares of company stock worth $66,184,060 over the last three months. 2.92% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of the stock. FMR LLC increased its stake in shares of Amphenol Corporation by 0.5% in the first quarter. FMR LLC now owns 39,355,583 shares of the electronics maker’s stock valued at $2,800,937,000 after buying an additional 208,471 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Amphenol Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 29,794,362 shares of the electronics maker’s stock valued at $2,120,464,000 after buying an additional 914,857 shares during the last quarter. BlackRock Inc. increased its stake in shares of Amphenol Corporation by 2,540.0% in the first quarter. BlackRock Inc. now owns 19,061,201 shares of the electronics maker’s stock valued at $1,356,586,000 after buying an additional 18,339,185 shares during the last quarter. State Street Corp increased its stake in shares of Amphenol Corporation by 1.7% in the first quarter. State Street Corp now owns 12,171,868 shares of the electronics maker’s stock valued at $866,273,000 after buying an additional 203,486 shares during the last quarter. Finally, Janus Capital Management LLC increased its stake in shares of Amphenol Corporation by 10.8% in the first quarter. Janus Capital Management LLC now owns 9,234,030 shares of the electronics maker’s stock valued at $657,176,000 after buying an additional 900,961 shares during the last quarter. 97.05% of the stock is currently owned by institutional investors and hedge funds.
Shares of Amphenol Corporation (NYSE:APH) traded down 0.51% during midday trading on Thursday, hitting $75.63. 2,235,919 shares of the stock were exchanged. The company has a market cap of $23.11 billion, a PE ratio of 26.83 and a beta of 0.76. Amphenol Corporation has a 12 month low of $55.13 and a 12 month high of $76.67. The stock has a 50 day moving average price of $73.94 and a 200-day moving average price of $70.34.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Monday, June 19th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, June 15th. Amphenol Corporation’s payout ratio is currently 22.70%.
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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