Jefferies Financial Group Research Analysts Lower Earnings Estimates for Amphenol Co. (NYSE:APH)

Amphenol Co. (NYSE:APHGet Rating) – Equities research analysts at Jefferies Financial Group lowered their FY2022 earnings estimates for shares of Amphenol in a research report issued to clients and investors on Sunday, January 22nd. Jefferies Financial Group analyst D. Kelley now anticipates that the electronics maker will post earnings of $2.98 per share for the year, down from their prior forecast of $2.99. Jefferies Financial Group has a “Hold” rating and a $88.00 price target on the stock. The consensus estimate for Amphenol’s current full-year earnings is $2.97 per share. Jefferies Financial Group also issued estimates for Amphenol’s Q4 2022 earnings at $0.75 EPS, Q3 2023 earnings at $0.81 EPS and FY2023 earnings at $3.01 EPS.

Amphenol (NYSE:APHGet Rating) last announced its quarterly earnings data on Wednesday, October 26th. The electronics maker reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.11 billion. Amphenol had a net margin of 14.98% and a return on equity of 28.02%. The firm’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 EPS.

APH has been the subject of a number of other reports. StockNews.com lowered shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Friday, November 4th. JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $86.00 to $97.00 and gave the company an “overweight” rating in a research note on Monday, October 10th. Credit Suisse Group initiated coverage on shares of Amphenol in a research note on Monday, December 12th. They set an “outperform” rating and a $93.00 target price for the company. Finally, Truist Financial boosted their target price on shares of Amphenol from $84.00 to $90.00 and gave the company a “buy” rating in a research note on Monday. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $85.82.

Amphenol Price Performance

Shares of APH opened at $79.44 on Wednesday. The firm has a market cap of $47.27 billion, a PE ratio of 26.66, a P/E/G ratio of 2.24 and a beta of 1.24. The company has a current ratio of 2.38, a quick ratio of 1.60 and a debt-to-equity ratio of 0.72. The firm has a fifty day simple moving average of $78.57 and a two-hundred day simple moving average of $75.07. Amphenol has a 1-year low of $61.67 and a 1-year high of $82.86.

Insider Activity

In related news, VP Lance E. D’amico sold 40,000 shares of the company’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $78.79, for a total value of $3,151,600.00. Following the completion of the transaction, the vice president now owns 25,700 shares of the company’s stock, valued at approximately $2,024,903. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider William J. Doherty sold 127,000 shares of the company’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $79.82, for a total value of $10,137,140.00. Following the completion of the transaction, the insider now owns 204,412 shares of the company’s stock, valued at approximately $16,316,165.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Lance E. D’amico sold 40,000 shares of the stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $78.79, for a total transaction of $3,151,600.00. Following the transaction, the vice president now directly owns 25,700 shares of the company’s stock, valued at approximately $2,024,903. The disclosure for this sale can be found here. Insiders sold a total of 242,000 shares of company stock valued at $19,290,240 in the last 90 days. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in APH. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Amphenol by 838.3% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,281,215 shares of the electronics maker’s stock valued at $219,710,000 after buying an additional 2,931,531 shares in the last quarter. Royal Bank of Canada raised its position in shares of Amphenol by 80.4% during the 3rd quarter. Royal Bank of Canada now owns 3,605,904 shares of the electronics maker’s stock valued at $241,452,000 after buying an additional 1,607,472 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Amphenol by 256.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,222,100 shares of the electronics maker’s stock valued at $143,059,000 after buying an additional 1,599,200 shares in the last quarter. FMR LLC raised its position in shares of Amphenol by 2.7% during the 2nd quarter. FMR LLC now owns 51,614,854 shares of the electronics maker’s stock valued at $3,322,965,000 after buying an additional 1,341,887 shares in the last quarter. Finally, WCM Investment Management LLC raised its position in shares of Amphenol by 12.4% during the 3rd quarter. WCM Investment Management LLC now owns 7,864,068 shares of the electronics maker’s stock valued at $534,128,000 after buying an additional 864,981 shares in the last quarter. Institutional investors own 94.01% of the company’s stock.

Amphenol Company Profile

(Get Rating)

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.

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