Wall Street analysts forecast that Amphenol Co. (NYSE:APH) will announce sales of $1.80 billion for the current quarter, according to Zacks. Four analysts have made estimates for Amphenol’s earnings, with the highest sales estimate coming in at $1.81 billion and the lowest estimate coming in at $1.79 billion. Amphenol reported sales of $1.56 billion during the same quarter last year, which would suggest a positive year over year growth rate of 15.4%. The company is scheduled to announce its next earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Amphenol will report full-year sales of $1.80 billion for the current financial year, with estimates ranging from $7.52 billion to $7.56 billion. For the next year, analysts expect that the firm will report sales of $7.92 billion per share, with estimates ranging from $7.81 billion to $8.02 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Amphenol.
Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 24th. The electronics maker reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Amphenol had a return on equity of 26.09% and a net margin of 9.28%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the business earned $0.75 earnings per share. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year.
In other Amphenol news, VP Lance E. D’amico sold 10,000 shares of Amphenol stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $92.07, for a total transaction of $920,700.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John R. Lord sold 2,000 shares of Amphenol stock in a transaction that occurred on Sunday, September 2nd. The shares were sold at an average price of $62.47, for a total value of $124,940.00. Following the sale, the director now directly owns 38,677 shares in the company, valued at $2,416,152.19. The disclosure for this sale can be found here. 2.51% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc boosted its holdings in Amphenol by 2.0% during the third quarter. CIBC Asset Management Inc now owns 30,016 shares of the electronics maker’s stock valued at $2,541,000 after purchasing an additional 575 shares in the last quarter. Connable Office Inc. raised its stake in shares of Amphenol by 1.8% in the third quarter. Connable Office Inc. now owns 33,706 shares of the electronics maker’s stock valued at $2,853,000 after acquiring an additional 601 shares during the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of Amphenol by 5.2% in the fourth quarter. Meadow Creek Investment Management LLC now owns 12,528 shares of the electronics maker’s stock valued at $1,100,000 after acquiring an additional 624 shares during the last quarter. BT Investment Management Ltd raised its stake in shares of Amphenol by 10.0% in the third quarter. BT Investment Management Ltd now owns 6,965 shares of the electronics maker’s stock valued at $590,000 after acquiring an additional 631 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Amphenol by 87.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,369 shares of the electronics maker’s stock valued at $120,000 after acquiring an additional 640 shares during the last quarter. 96.70% of the stock is currently owned by institutional investors.
Amphenol (NYSE:APH) traded up $0.22 during mid-day trading on Wednesday, reaching $92.66. The company had a trading volume of 1,305,126 shares, compared to its average volume of 1,443,969. Amphenol has a fifty-two week low of $68.57 and a fifty-two week high of $93.62. The firm has a market capitalization of $28,290.00, a P/E ratio of 27.66, a PEG ratio of 2.71 and a beta of 0.81. The company has a current ratio of 2.95, a quick ratio of 2.25 and a debt-to-equity ratio of 0.88.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Monday, March 19th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Friday, March 16th. Amphenol’s payout ratio is 22.69%.
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Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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