Amphenol Co. (NYSE:APH) Expected to Announce Earnings of $0.63 Per Share

Wall Street analysts expect that Amphenol Co. (NYSE:APH) will post $0.63 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Amphenol’s earnings. The lowest EPS estimate is $0.61 and the highest is $0.65. Amphenol posted earnings per share of $0.55 in the same quarter last year, which would indicate a positive year over year growth rate of 14.5%. The business is expected to issue its next earnings report before the market opens on Wednesday, October 27th.

On average, analysts expect that Amphenol will report full year earnings of $2.40 per share for the current fiscal year, with EPS estimates ranging from $2.35 to $2.44. For the next fiscal year, analysts forecast that the company will report earnings of $2.68 per share, with EPS estimates ranging from $2.55 to $2.80. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Amphenol.

Amphenol (NYSE:APH) last announced its earnings results on Tuesday, July 27th. The electronics maker reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.47 billion. Amphenol had a return on equity of 25.50% and a net margin of 14.35%.

Several equities research analysts recently weighed in on APH shares. Morgan Stanley upped their price target on Amphenol from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 29th. Robert W. Baird reaffirmed a “buy” rating on shares of Amphenol in a research note on Sunday, August 1st. The Goldman Sachs Group upped their price target on Amphenol from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Sunday. Jefferies Financial Group increased their target price on Amphenol from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, September 22nd. Finally, Evercore ISI reissued a “buy” rating and issued a $77.00 target price on shares of Amphenol in a research note on Tuesday, June 8th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $75.50.

APH stock traded down $0.21 during midday trading on Wednesday, hitting $77.28. The stock had a trading volume of 45,539 shares, compared to its average volume of 2,613,690. The firm has a market cap of $46.23 billion, a price-to-earnings ratio of 34.24, a price-to-earnings-growth ratio of 2.51 and a beta of 1.25. The business has a 50-day moving average of $74.22 and a two-hundred day moving average of $69.77. Amphenol has a 52-week low of $51.58 and a 52-week high of $77.68. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.17 and a quick ratio of 1.58.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 13th. Shareholders of record on Tuesday, September 21st will be issued a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Monday, September 20th. Amphenol’s dividend payout ratio is presently 31.02%.

In related news, VP Lance E. D’amico sold 27,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 7th. The stock was sold at an average price of $76.25, for a total transaction of $2,096,875.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Lance E. D’amico sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, August 2nd. The stock was sold at an average price of $72.61, for a total value of $2,904,400.00. Following the sale, the vice president now directly owns 53,200 shares of the company’s stock, valued at $3,862,852. The disclosure for this sale can be found here. In the last quarter, insiders sold 462,900 shares of company stock valued at $34,706,495. Company insiders own 2.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Thrivent Financial for Lutherans raised its position in Amphenol by 29.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 582,303 shares of the electronics maker’s stock valued at $39,835,000 after purchasing an additional 132,936 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in Amphenol by 3.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,396,295 shares of the electronics maker’s stock valued at $163,931,000 after purchasing an additional 87,251 shares in the last quarter. Sawtooth Solutions LLC raised its position in Amphenol by 19.2% during the 2nd quarter. Sawtooth Solutions LLC now owns 3,707 shares of the electronics maker’s stock valued at $254,000 after purchasing an additional 598 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG raised its position in Amphenol by 127.7% during the 2nd quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 19,502 shares of the electronics maker’s stock valued at $1,334,000 after purchasing an additional 10,936 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Amphenol during the 2nd quarter valued at $280,000. 94.95% of the stock is owned by institutional investors and hedge funds.

Amphenol Company Profile

Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors interconnect systems, antennas, sensors and sensor-based products, and coaxial and high-speed specialty cable. It operates through the Interconnect Products and Assemblies; and Cables Products and Solutions segments.

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Earnings History and Estimates for Amphenol (NYSE:APH)

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