Q3 2024 EPS Estimates for TE Connectivity Ltd. (NYSE:TEL) Lowered by Zacks Research

TE Connectivity Ltd. (NYSE:TEL) – Equities research analysts at Zacks Research reduced their Q3 2024 earnings per share estimates for shares of TE Connectivity in a report issued on Wednesday, May 15th. Zacks Research analyst A. Ganguly now expects that the electronics maker will earn $1.85 per share for the quarter, down from their previous estimate of $1.88. The consensus estimate for TE Connectivity’s current full-year earnings is $7.50 per share. Zacks Research also issued estimates for TE Connectivity’s Q4 2024 earnings at $1.93 EPS, FY2024 earnings at $7.48 EPS, Q1 2025 earnings at $1.92 EPS, Q2 2025 earnings at $2.00 EPS, Q3 2025 earnings at $2.05 EPS, Q4 2025 earnings at $2.15 EPS, Q1 2026 earnings at $2.09 EPS, Q2 2026 earnings at $2.22 EPS and FY2026 earnings at $9.01 EPS.

A number of other research firms have also issued reports on TEL. StockNews.com initiated coverage on TE Connectivity in a research note on Thursday. They set a “buy” rating on the stock. The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. Robert W. Baird decreased their target price on shares of TE Connectivity from $159.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Truist Financial raised their price target on shares of TE Connectivity from $148.00 to $153.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Finally, Jefferies Financial Group assumed coverage on TE Connectivity in a research report on Tuesday, April 9th. They issued a “buy” rating and a $180.00 price objective on the stock. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.89.

TE Connectivity Trading Down 0.1 %

Shares of TEL stock opened at $151.01 on Thursday. TE Connectivity has a 1 year low of $115.00 and a 1 year high of $152.14. The company’s fifty day simple moving average is $143.44 and its two-hundred day simple moving average is $138.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.45 and a quick ratio of 0.92. The stock has a market capitalization of $46.24 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 2.23 and a beta of 1.36.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.03. The firm had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.96 billion. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the business earned $1.65 earnings per share.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.60 dividend on an annualized basis and a yield of 1.72%. TE Connectivity’s payout ratio is 21.59%.

Insiders Place Their Bets

In other TE Connectivity news, Director Mark Trudeau sold 7,044 shares of TE Connectivity stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $141.49, for a total transaction of $996,655.56. Following the transaction, the director now directly owns 5,917 shares of the company’s stock, valued at $837,196.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is owned by insiders.

Hedge Funds Weigh In On TE Connectivity

A number of large investors have recently added to or reduced their stakes in TEL. Park Avenue Securities LLC bought a new stake in shares of TE Connectivity during the 3rd quarter valued at about $562,000. Assetmark Inc. grew its holdings in TE Connectivity by 8.5% in the third quarter. Assetmark Inc. now owns 8,005 shares of the electronics maker’s stock worth $989,000 after purchasing an additional 629 shares during the period. Allworth Financial LP increased its stake in shares of TE Connectivity by 24.5% during the third quarter. Allworth Financial LP now owns 910 shares of the electronics maker’s stock valued at $112,000 after purchasing an additional 179 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of TE Connectivity by 61.4% during the third quarter. Teacher Retirement System of Texas now owns 130,254 shares of the electronics maker’s stock valued at $16,090,000 after purchasing an additional 49,575 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its stake in shares of TE Connectivity by 17.9% in the 3rd quarter. Wealthfront Advisers LLC now owns 24,990 shares of the electronics maker’s stock worth $3,087,000 after buying an additional 3,795 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.