$0.79 EPS Expected for Amphenol Corporation (NYSE:APH) This Quarter
Analysts expect Amphenol Corporation (NYSE:APH) to announce earnings of $0.79 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Amphenol Corporation’s earnings. The lowest EPS estimate is $0.78 and the highest is $0.80. Amphenol Corporation posted earnings of $0.73 per share in the same quarter last year, which would suggest a positive year over year growth rate of 8.2%. The firm is expected to report its next earnings report on Wednesday, October 18th.
On average, analysts expect that Amphenol Corporation will report full-year earnings of $3.08 per share for the current financial year, with EPS estimates ranging from $3.07 to $3.10. For the next financial year, analysts expect that the firm will post earnings of $3.25 per share, with EPS estimates ranging from $3.20 to $3.29. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Amphenol Corporation.
Amphenol Corporation (NYSE:APH) last announced its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.09. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the business posted $0.65 EPS. The business’s revenue was up 7.6% compared to the same quarter last year.
Several equities analysts have recently issued reports on APH shares. Goldman Sachs Group, Inc. (The) cut Amphenol Corporation from a “buy” rating to a “neutral” rating and boosted their target price for the company from $75.00 to $78.00 in a research note on Wednesday, July 5th. Zacks Investment Research raised Amphenol Corporation from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Wednesday, June 7th. Deutsche Bank AG boosted their target price on Amphenol Corporation from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Royal Bank Of Canada boosted their target price on Amphenol Corporation from $75.00 to $77.00 and gave the company a “top pick” rating in a research note on Thursday, April 27th. Finally, BidaskClub cut Amphenol Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $78.38.
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Shares of Amphenol Corporation (APH) traded up 0.41% on Wednesday, hitting $77.98. The stock had a trading volume of 1,126,932 shares. The stock has a 50 day moving average of $74.94 and a 200 day moving average of $71.93. Amphenol Corporation has a 12-month low of $59.37 and a 12-month high of $78.39. The firm has a market cap of $23.85 billion, a price-to-earnings ratio of 26.26 and a beta of 0.77.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Monday, September 18th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.97%. This is a boost from Amphenol Corporation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 15th. Amphenol Corporation’s dividend payout ratio is presently 21.55%.
In related news, CEO Richard Adam Norwitt sold 200,000 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $73.10, for a total value of $14,620,000.00. Following the sale, the chief executive officer now directly owns 293,992 shares of the company’s stock, valued at $21,490,815.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Craig A. Lampo sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $72.86, for a total value of $1,092,900.00. Following the completion of the sale, the chief financial officer now directly owns 40,000 shares in the company, valued at $2,914,400. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,203,400 shares of company stock worth $90,352,140. 2.51% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of APH. Quadrant Capital Group LLC boosted its stake in shares of Amphenol Corporation by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 3,150 shares of the electronics maker’s stock valued at $221,000 after buying an additional 8 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Amphenol Corporation by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,702 shares of the electronics maker’s stock valued at $192,000 after buying an additional 16 shares during the last quarter. First Bank & Trust boosted its stake in shares of Amphenol Corporation by 0.5% in the second quarter. First Bank & Trust now owns 8,644 shares of the electronics maker’s stock valued at $638,000 after buying an additional 43 shares during the last quarter. Burns J W & Co. Inc. NY boosted its stake in shares of Amphenol Corporation by 1.0% in the first quarter. Burns J W & Co. Inc. NY now owns 5,275 shares of the electronics maker’s stock valued at $375,000 after buying an additional 50 shares during the last quarter. Finally, Contravisory Investment Management Inc. boosted its stake in shares of Amphenol Corporation by 1.6% in the second quarter. Contravisory Investment Management Inc. now owns 3,930 shares of the electronics maker’s stock valued at $290,000 after buying an additional 60 shares during the last quarter. 96.75% of the stock is currently owned by institutional investors.
Amphenol Corporation Company Profile
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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