Amphenol (NYSE:APH) Releases Q2 Earnings Guidance

Amphenol (NYSE:APH) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.79-0.81 for the period, compared to the consensus estimate of $0.79. The company issued revenue guidance of $3.24-3.30 billion, compared to the consensus revenue estimate of $3.27 billion.

Amphenol Stock Up 2.2 %

Shares of Amphenol stock opened at $114.28 on Wednesday. The business’s 50 day simple moving average is $111.23 and its 200 day simple moving average is $99.18. Amphenol has a 52-week low of $72.00 and a 52-week high of $119.59. The firm has a market cap of $68.75 billion, a PE ratio of 36.75, a P/E/G ratio of 3.00 and a beta of 1.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.16 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 EPS. On average, analysts predict that Amphenol will post 3.28 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is 28.30%.

Wall Street Analysts Forecast Growth

APH has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Amphenol from $118.00 to $125.00 and gave the stock an overweight rating in a research report on Thursday, April 11th. Jefferies Financial Group initiated coverage on Amphenol in a report on Tuesday, April 9th. They set a hold rating and a $125.00 target price on the stock. Stifel Nicolaus boosted their target price on Amphenol from $88.00 to $95.00 and gave the stock a hold rating in a report on Thursday, January 25th. UBS Group boosted their target price on Amphenol from $118.00 to $135.00 and gave the stock a buy rating in a report on Tuesday, April 16th. Finally, Robert W. Baird boosted their price target on Amphenol from $100.00 to $106.00 and gave the company an outperform rating in a research note on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $113.75.

Insider Buying and Selling

In related news, VP Lance E. D’amico sold 15,000 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the completion of the sale, the vice president now directly owns 25,700 shares in the company, valued at approximately $2,692,075. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Peter Straub sold 20,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $104.75, for a total value of $1,571,250.00. Following the completion of the sale, the vice president now directly owns 25,700 shares of the company’s stock, valued at approximately $2,692,075. The disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock worth $31,846,050 in the last ninety days. 1.80% of the stock is owned by insiders.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.