$1.36 Earnings Per Share Expected for TE Connectivity Ltd. (TEL) This Quarter

Brokerages expect TE Connectivity Ltd. (NYSE:TEL) to announce earnings of $1.36 per share for the current quarter, according to Zacks. Six analysts have provided estimates for TE Connectivity’s earnings, with the lowest EPS estimate coming in at $1.35 and the highest estimate coming in at $1.38. TE Connectivity reported earnings of $1.19 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 14.3%. The business is expected to report its next quarterly earnings results before the market opens on Wednesday, April 25th.

According to Zacks, analysts expect that TE Connectivity will report full year earnings of $5.50 per share for the current year, with EPS estimates ranging from $5.45 to $5.60. For the next fiscal year, analysts expect that the business will post earnings of $5.95 per share, with EPS estimates ranging from $5.52 to $6.25. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow TE Connectivity.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.15. The business had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.39 billion. TE Connectivity had a return on equity of 19.49% and a net margin of 9.12%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 EPS.

TEL has been the subject of a number of research reports. Zacks Investment Research cut TE Connectivity from a “buy” rating to a “hold” rating in a report on Friday, December 29th. ValuEngine upgraded TE Connectivity from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Royal Bank of Canada reiterated a “buy” rating and set a $116.00 target price on shares of TE Connectivity in a report on Wednesday, January 24th. Stifel Nicolaus reiterated a “buy” rating and set a $115.00 target price on shares of TE Connectivity in a report on Wednesday, January 24th. Finally, Citigroup increased their target price on TE Connectivity from $106.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $134.38.

In other news, EVP John S. Jenkins sold 36,550 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $103.35, for a total value of $3,777,442.50. Following the completion of the transaction, the executive vice president now owns 53,287 shares in the company, valued at approximately $5,507,211.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven T. Merkt sold 10,684 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $102.94, for a total value of $1,099,810.96. Following the completion of the transaction, the insider now owns 1,983 shares of the company’s stock, valued at approximately $204,130.02. The disclosure for this sale can be found here. Insiders sold a total of 352,750 shares of company stock valued at $36,475,611 in the last 90 days. 0.70% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in TEL. TIAA CREF Investment Management LLC grew its holdings in TE Connectivity by 279.9% during the fourth quarter. TIAA CREF Investment Management LLC now owns 1,647,497 shares of the electronics maker’s stock worth $156,578,000 after purchasing an additional 1,213,860 shares during the period. BlackRock Inc. grew its holdings in TE Connectivity by 4.2% during the fourth quarter. BlackRock Inc. now owns 17,425,074 shares of the electronics maker’s stock worth $1,656,081,000 after purchasing an additional 694,901 shares during the period. Boston Partners grew its holdings in TE Connectivity by 2.6% during the fourth quarter. Boston Partners now owns 12,746,402 shares of the electronics maker’s stock worth $1,211,419,000 after purchasing an additional 318,066 shares during the period. Wells Fargo & Company MN grew its holdings in TE Connectivity by 8.7% during the fourth quarter. Wells Fargo & Company MN now owns 3,900,641 shares of the electronics maker’s stock worth $370,717,000 after purchasing an additional 313,244 shares during the period. Finally, Two Sigma Investments LP bought a new position in TE Connectivity during the fourth quarter worth about $26,890,000. Institutional investors own 91.72% of the company’s stock.

Shares of TE Connectivity stock opened at $100.26 on Monday. The firm has a market cap of $35,211.95, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 1.67 and a beta of 1.07. TE Connectivity has a 12 month low of $72.95 and a 12 month high of $108.23. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.03 and a current ratio of 1.58.

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TE Connectivity Company Profile

TE Connectivity Ltd. engages in the design and manufacture of connectivity and sensors solutions. It operates through the following segments: Transportation Solutions, Industrial Solutions, and Communications Solutions. The Transportation Solutions segment offers products that are used in the automotive, commercial transportation, and sensors markets.

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Earnings History and Estimates for TE Connectivity (NYSE:TEL)

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