TE Connectivity Ltd (NYSE:TEL) – Jefferies Financial Group upped their FY2020 earnings estimates for shares of TE Connectivity in a research note issued on Thursday, October 15th. Jefferies Financial Group analyst D. Kelley now anticipates that the electronics maker will earn $4.05 per share for the year, up from their prior forecast of $3.91. Jefferies Financial Group currently has a “Buy” rating and a $126.00 target price on the stock. Jefferies Financial Group also issued estimates for TE Connectivity’s Q1 2021 earnings at $1.11 EPS, Q2 2021 earnings at $1.34 EPS, Q3 2021 earnings at $1.42 EPS, Q2 2022 earnings at $1.58 EPS, Q3 2022 earnings at $1.60 EPS and Q4 2022 earnings at $1.53 EPS.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, July 29th. The electronics maker reported $0.59 EPS for the quarter, topping the consensus estimate of $0.41 by $0.18. TE Connectivity had a negative net margin of 0.81% and a positive return on equity of 15.06%. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the firm earned $1.50 EPS. The business’s revenue for the quarter was down 24.8% compared to the same quarter last year.

A number of other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $111.00 target price on the stock in a report on Friday, October 9th. Morgan Stanley upped their target price on shares of TE Connectivity from $92.00 to $97.00 and gave the company an “equal weight” rating in a report on Monday, October 5th. Royal Bank of Canada upped their target price on shares of TE Connectivity from $89.00 to $102.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Citigroup upped their target price on shares of TE Connectivity from $75.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Finally, Oppenheimer upped their target price on shares of TE Connectivity from $98.00 to $114.00 and gave the company an “outperform” rating in a report on Thursday, September 17th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $103.07.

NYSE:TEL opened at $107.76 on Friday. The firm has a market cap of $35.56 billion, a price-to-earnings ratio of -347.61, a price-to-earnings-growth ratio of 2.40 and a beta of 1.38. The company has a current ratio of 1.43, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average is $99.52 and its two-hundred day moving average is $84.77. TE Connectivity has a 12-month low of $48.62 and a 12-month high of $109.27.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FormulaFolio Investments LLC acquired a new stake in TE Connectivity during the 3rd quarter worth approximately $228,000. Nachman Norwood & Parrott Inc acquired a new stake in TE Connectivity in the third quarter valued at approximately $56,000. Avantax Advisory Services Inc. acquired a new stake in TE Connectivity in the third quarter valued at approximately $264,000. CX Institutional grew its position in TE Connectivity by 59.5% in the third quarter. CX Institutional now owns 362 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 135 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in TE Connectivity by 2.9% in the third quarter. Envestnet Asset Management Inc. now owns 230,975 shares of the electronics maker’s stock valued at $22,575,000 after acquiring an additional 6,416 shares in the last quarter. 90.30% of the stock is owned by hedge funds and other institutional investors.

In related news, SVP Mario Calastri sold 10,757 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $94.60, for a total transaction of $1,017,612.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin N. Rock sold 28,000 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $93.29, for a total transaction of $2,612,120.00. Following the sale, the insider now directly owns 82,473 shares of the company’s stock, valued at approximately $7,693,906.17. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,270 shares of company stock worth $11,147,920. Insiders own 0.80% of the company’s stock.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensors solutions in Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. 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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