Amphenol (NYSE:APH) Releases Earnings Results, Beats Expectations By $0.07 EPS

Amphenol (NYSE:APH) announced its earnings results on Wednesday. The electronics maker reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.07, Briefing.com reports. The company had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.10 billion. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. Amphenol’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 earnings per share. Amphenol updated its Q2 guidance to $0.79-0.81 EPS and its Q2 2024 guidance to 0.790-0.810 EPS.

Amphenol Stock Performance

APH stock traded down $0.27 during midday trading on Thursday, reaching $116.04. 608,858 shares of the company’s stock traded hands, compared to its average volume of 2,823,291. Amphenol has a 52-week low of $72.00 and a 52-week high of $119.59. The stock has a market cap of $69.81 billion, a P/E ratio of 37.14, a PEG ratio of 3.06 and a beta of 1.30. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.47. The stock’s 50-day moving average is $111.48 and its 200 day moving average is $99.30.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 28.30%.

Amphenol declared that its Board of Directors has initiated a stock repurchase program on Wednesday, April 24th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the electronics maker to purchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

APH has been the topic of a number of research reports. Stifel Nicolaus raised their target price on shares of Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Bank of America boosted their target price on Amphenol from $117.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Evercore ISI upped their price target on Amphenol from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday. Robert W. Baird increased their target price on Amphenol from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Jefferies Financial Group began coverage on Amphenol in a research note on Tuesday, April 9th. They set a “hold” rating and a $125.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $115.67.

Insiders Place Their Bets

In other news, insider Peter Straub sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total transaction of $2,212,800.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock worth $31,846,050 over the last three months. 1.80% of the stock is currently owned by company insiders.

Amphenol Company Profile

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.