Amphenol Corporation (APH) To Go Ex-Dividend on September 15th
Amphenol Corporation (NYSE:APH) announced a quarterly dividend on Wednesday, July 26th, RTT News reports. Stockholders of record on Monday, September 18th will be given a dividend of 0.19 per share by the electronics maker on Wednesday, October 11th. This represents a $0.76 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, September 15th. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16.
Amphenol Corporation has raised its dividend payment by an average of 29.6% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Amphenol Corporation has a dividend payout ratio of 24.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Amphenol Corporation to earn $3.25 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 23.4%.
Shares of Amphenol Corporation (APH) opened at 81.72 on Thursday. The stock’s 50 day moving average price is $78.86 and its 200 day moving average price is $74.25. Amphenol Corporation has a 1-year low of $61.38 and a 1-year high of $82.30. The company has a market cap of $24.96 billion, a P/E ratio of 27.52 and a beta of 0.76.
Amphenol Corporation (NYSE:APH) last released its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the business posted $0.65 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts forecast that Amphenol Corporation will post $3.09 earnings per share for the current year.
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In other news, VP William J. Doherty sold 61,800 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $78.12, for a total transaction of $4,827,816.00. Following the completion of the sale, the vice president now owns 8,800 shares in the company, valued at $687,456. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $79.70, for a total value of $1,195,500.00. Following the sale, the chief financial officer now owns 40,000 shares of the company’s stock, valued at approximately $3,188,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 433,200 shares of company stock valued at $33,886,886. Corporate insiders own 2.51% of the company’s stock.
A number of analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Amphenol Corporation in a research report on Thursday, June 1st. Zacks Investment Research downgraded Amphenol Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. BidaskClub downgraded Amphenol Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, Goldman Sachs Group, Inc. (The) downgraded Amphenol Corporation from a “buy” rating to a “neutral” rating and lifted their target price for the company from $75.00 to $78.00 in a research report on Wednesday, July 5th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Amphenol Corporation currently has a consensus rating of “Buy” and a consensus target price of $79.75.
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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