Amphenol (NYSE:APH) Updates Q2 Earnings Guidance

Amphenol (NYSE:APH) updated its second quarter earnings guidance on Wednesday. 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 also updated its Q2 2024 guidance to 0.790-0.810 EPS.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Robert W. Baird increased their price target on shares of Amphenol from $100.00 to $106.00 and gave the stock an outperform rating in a research report on Thursday, January 25th. UBS Group increased their price target on shares of Amphenol from $118.00 to $135.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. Stifel Nicolaus raised their price objective on shares of Amphenol from $88.00 to $95.00 and gave the company a hold rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. raised their price objective on shares of Amphenol from $118.00 to $125.00 and gave the company an overweight rating in a research report on Thursday, April 11th. Finally, Evercore ISI raised their price objective on shares of Amphenol from $110.00 to $125.00 and gave the company an outperform rating in a research report on Monday, March 25th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Amphenol has a consensus rating of Moderate Buy and a consensus price target of $113.75.

Amphenol Trading Up 1.5 %

Shares of Amphenol stock traded up $1.76 during trading on Wednesday, hitting $116.02. The stock had a trading volume of 5,790,459 shares, compared to its average volume of 2,827,812. Amphenol has a 12 month low of $72.00 and a 12 month high of $119.59. The firm’s fifty day simple moving average is $111.23 and its 200-day simple moving average is $99.18. The stock has a market cap of $69.79 billion, a PE ratio of 37.24, a PEG ratio of 3.00 and a beta of 1.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.17 and a quick ratio of 1.48.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter last year, the business posted $0.78 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, sell-side analysts expect that Amphenol will post 3.28 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were issued a $0.22 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.88 annualized dividend and a dividend yield of 0.76%. Amphenol’s dividend payout ratio is currently 28.30%.

Insider Activity

In other news, insider William J. Doherty sold 170,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Craig A. Lampo sold 100,000 shares of Amphenol stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total value of $10,467,000.00. Following the transaction, the chief financial officer now owns 147,045 shares of the company’s stock, valued at approximately $15,391,200.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider William J. Doherty sold 170,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 305,000 shares of company stock worth $31,846,050. 1.80% of the stock is currently owned by corporate 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.