Wall Street brokerages predict that Amphenol Co. (NYSE:APH) will announce sales of $2.01 billion for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Amphenol’s earnings. The lowest sales estimate is $2.01 billion and the highest is $2.02 billion. Amphenol reported sales of $1.84 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.2%. The company is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, October 24th.

According to Zacks, analysts expect that Amphenol will report full-year sales of $7.89 billion for the current fiscal year, with estimates ranging from $7.88 billion to $7.91 billion. For the next financial year, analysts expect that the company will post sales of $8.29 billion, with estimates ranging from $8.25 billion to $8.31 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Amphenol.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, July 25th. The electronics maker reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. Amphenol had a net margin of 9.49% and a return on equity of 27.49%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the company earned $0.74 EPS. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year.

Several brokerages have recently issued reports on APH. ValuEngine lowered shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Stifel Nicolaus lifted their price objective on Amphenol from $90.00 to $92.00 and gave the stock a “hold” rating in a report on Thursday, July 26th. Morgan Stanley lifted their price objective on Amphenol from $93.00 to $95.00 and gave the stock an “equal weight” rating in a report on Thursday, July 26th. Zacks Investment Research cut Amphenol from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. Finally, Goldman Sachs Group assumed coverage on Amphenol in a report on Tuesday, October 9th. They issued a “neutral” rating on the stock. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $98.50.

Shares of NYSE APH traded down $0.71 during trading on Wednesday, hitting $82.97. The company had a trading volume of 1,966,202 shares, compared to its average volume of 1,472,367. Amphenol has a fifty-two week low of $80.42 and a fifty-two week high of $97.56. The firm has a market cap of $25.13 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 1.94 and a beta of 0.88. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.70.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 10th. Shareholders of record on Monday, September 17th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, September 14th. This represents a $0.92 annualized dividend and a yield of 1.11%. Amphenol’s dividend payout ratio (DPR) is presently 29.49%.

In other news, CFO Craig A. Lampo sold 32,500 shares of the business’s stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $95.54, for a total transaction of $3,105,050.00. Following the transaction, the chief financial officer now directly owns 45,000 shares in the company, valued at approximately $4,299,300. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Lance E. D’amico sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $95.60, for a total value of $764,800.00. Following the transaction, the vice president now owns 10,000 shares in the company, valued at $956,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 647,713 shares of company stock worth $61,196,943. 2.51% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its stake in Amphenol by 22.8% during the first quarter. Commonwealth Equity Services LLC now owns 11,134 shares of the electronics maker’s stock worth $959,000 after buying an additional 2,067 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Amphenol during the 1st quarter valued at about $598,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Amphenol by 10.0% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,137 shares of the electronics maker’s stock valued at $699,000 after acquiring an additional 739 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Amphenol during the 1st quarter valued at about $5,969,000. Finally, Verition Fund Management LLC acquired a new position in Amphenol in the 1st quarter valued at about $999,000. Institutional investors and hedge funds own 94.64% of the company’s stock.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.

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Earnings History and Estimates for Amphenol (NYSE:APH)

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