TE Connectivity Ltd. (NYSE:TEL) will be announcing its earnings results before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $1.16 per share for the quarter.
TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.07. TE Connectivity had a net margin of 12.98% and a return on equity of 19.76%. The firm had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the business earned $1.08 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts expect TE Connectivity to post $4.75 EPS for the current fiscal year and $5.05 EPS for the next fiscal year.
Shares of TE Connectivity Ltd. (NYSE TEL) opened at 89.09 on Wednesday. The company has a 50 day moving average of $84.03 and a 200 day moving average of $79.69. The firm has a market cap of $31.48 billion, a PE ratio of 18.92 and a beta of 1.08. TE Connectivity Ltd. has a 52 week low of $61.54 and a 52 week high of $89.21.
In other TE Connectivity news, COO Joseph B. Donahue sold 52,575 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $80.03, for a total value of $4,207,577.25. Following the completion of the sale, the chief operating officer now directly owns 93,484 shares of the company’s stock, valued at approximately $7,481,524.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mario Calastri sold 6,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $80.23, for a total transaction of $481,380.00. Following the completion of the sale, the senior vice president now directly owns 23,078 shares of the company’s stock, valued at $1,851,547.94. The disclosure for this sale can be found here. Insiders sold a total of 693,747 shares of company stock valued at $55,780,069 over the last three months. 1.49% of the stock is owned by corporate insiders.
A number of brokerages recently issued reports on TEL. Zacks Investment Research lowered shares of TE Connectivity from a “hold” rating to a “sell” rating in a research report on Monday. Stifel Nicolaus reiterated a “buy” rating and issued a $87.00 target price on shares of TE Connectivity in a research report on Tuesday, October 17th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $89.00 target price on shares of TE Connectivity in a research report on Wednesday, September 20th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $85.00.
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TE Connectivity Company Profile
TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.
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