Zacks: Analysts Anticipate Amphenol Co. (APH) Will Post Quarterly Sales of $2.01 Billion

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Wall Street analysts forecast that Amphenol Co. (NYSE:APH) will post $2.01 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Amphenol’s earnings. The lowest sales estimate is $2.01 billion and the highest is $2.02 billion. Amphenol reported sales of $1.84 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.2%. The company is expected to report its next quarterly earnings report before the market opens on Wednesday, October 24th.

According to Zacks, analysts expect that Amphenol will report full year sales of $7.89 billion for the current year, with estimates ranging from $7.88 billion to $7.91 billion. For the next fiscal year, analysts forecast that the business will post sales of $8.29 billion, with estimates ranging from $8.25 billion to $8.31 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Amphenol.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, July 25th. The electronics maker reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.05. Amphenol had a net margin of 9.49% and a return on equity of 27.49%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the business earned $0.74 earnings per share. Amphenol’s quarterly revenue was up 18.9% on a year-over-year basis.

Several equities analysts have recently issued reports on APH shares. Morgan Stanley raised Amphenol from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $95.00 to $102.00 in a research note on Thursday, August 9th. Goldman Sachs Group upgraded shares of Amphenol from a “neutral” rating to a “buy” rating and set a $108.00 target price on the stock in a research report on Tuesday, October 9th. Zacks Investment Research downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Stifel Nicolaus upped their target price on shares of Amphenol from $90.00 to $92.00 and gave the company a “hold” rating in a research report on Thursday, July 26th. Finally, ValuEngine downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $98.50.

Shares of APH stock traded down $0.71 during trading hours on Wednesday, reaching $82.97. 1,966,202 shares of the company were exchanged, compared to its average volume of 1,472,367. Amphenol has a fifty-two week low of $80.42 and a fifty-two week high of $97.56. The firm has a market capitalization of $25.13 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 1.94 and a beta of 0.88. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.70.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 10th. Stockholders of record on Monday, September 17th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Friday, September 14th. Amphenol’s dividend payout ratio (DPR) is currently 29.49%.

In other Amphenol news, CEO Richard Adam Norwitt sold 376,500 shares of the stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $94.97, for a total value of $35,756,205.00. Following the transaction, the chief executive officer now owns 377,492 shares of the company’s stock, valued at $35,850,415.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Richard Gu sold 2,000 shares of the stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $87.00, for a total transaction of $174,000.00. Following the completion of the sale, the vice president now owns 3,000 shares in the company, valued at $261,000. The disclosure for this sale can be found here. In the last three months, insiders sold 647,713 shares of company stock worth $61,196,943. 2.51% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the stock. Bartlett & Co. LLC acquired a new stake in Amphenol in the third quarter worth $110,000. Braun Bostich & Associates Inc. raised its stake in Amphenol by 1,407.1% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,281 shares of the electronics maker’s stock worth $112,000 after buying an additional 1,196 shares during the period. Landaas & Co. WI ADV acquired a new stake in Amphenol during the 2nd quarter worth $113,000. AdvisorNet Financial Inc raised its stake in Amphenol by 236.1% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,341 shares of the electronics maker’s stock worth $117,000 after buying an additional 942 shares during the period. Finally, Fort L.P. acquired a new stake in Amphenol during the 2nd quarter worth $119,000. Institutional investors and hedge funds own 94.64% of the company’s stock.

About Amphenol

Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.

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