Wall Street brokerages forecast that TE Connectivity Ltd (NYSE:TEL) will post sales of $3.65 billion for the current quarter, Zacks reports. Six analysts have provided estimates for TE Connectivity’s earnings, with the lowest sales estimate coming in at $3.64 billion and the highest estimate coming in at $3.67 billion. TE Connectivity reported sales of $3.46 billion during the same quarter last year, which indicates a positive year over year growth rate of 5.5%. The firm is scheduled to report its next earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that TE Connectivity will report full year sales of $14.64 billion for the current financial year, with estimates ranging from $14.63 billion to $14.66 billion. For the next financial year, analysts expect that the firm will report sales of $15.31 billion per share, with estimates ranging from $15.13 billion to $15.47 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for TE Connectivity.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, July 25th. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.06. TE Connectivity had a net margin of 9.26% and a return on equity of 20.33%. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period last year, the company posted $1.24 EPS. TE Connectivity’s revenue was up 11.8% on a year-over-year basis.

A number of research analysts recently issued reports on TEL shares. Zacks Investment Research cut shares of TE Connectivity from a “buy” rating to a “hold” rating in a research report on Tuesday, June 5th. Wells Fargo & Co decreased their target price on shares of TE Connectivity from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Tuesday, July 17th. Finally, Morgan Stanley decreased their target price on shares of TE Connectivity from $117.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $112.91.

A number of institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN raised its holdings in shares of TE Connectivity by 4.3% during the first quarter. Wells Fargo & Company MN now owns 4,069,698 shares of the electronics maker’s stock valued at $406,562,000 after purchasing an additional 169,057 shares during the last quarter. Commerce Bank purchased a new position in shares of TE Connectivity during the first quarter valued at approximately $207,000. Victory Capital Management Inc. raised its holdings in shares of TE Connectivity by 4,206.7% during the first quarter. Victory Capital Management Inc. now owns 411,293 shares of the electronics maker’s stock valued at $41,088,000 after purchasing an additional 401,743 shares during the last quarter. Wealthfront Inc. purchased a new position in shares of TE Connectivity during the first quarter valued at approximately $1,041,000. Finally, Eaton Vance Management raised its holdings in shares of TE Connectivity by 3.3% during the first quarter. Eaton Vance Management now owns 25,727 shares of the electronics maker’s stock valued at $2,570,000 after purchasing an additional 819 shares during the last quarter. 87.85% of the stock is owned by institutional investors and hedge funds.

NYSE TEL traded up $0.11 during trading hours on Monday, reaching $91.88. 2,172,400 shares of the company’s stock traded hands, compared to its average volume of 1,734,245. TE Connectivity has a 52-week low of $80.93 and a 52-week high of $108.23. The stock has a market cap of $31.62 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 1.48 and a beta of 1.01. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.47 and a quick ratio of 0.98.

The company also recently announced a quarterly dividend, which was paid on Friday, September 7th. Shareholders of record on Friday, August 24th were issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, August 23rd. This represents a $1.76 annualized dividend and a yield of 1.92%. TE Connectivity’s dividend payout ratio (DPR) is presently 36.44%.

About TE Connectivity

TE Connectivity Ltd., together with its subsidiaries, engages in the design, manufacture, and sale of connectivity and sensors solutions in the Americas, Europe, the Middle East, Africa, and the Asia?Pacific. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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

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