$2.93 Billion in Sales Expected for Amphenol Co. (NYSE:APH) This Quarter

Brokerages predict that Amphenol Co. (NYSE:APHGet Rating) will report sales of $2.93 billion for the current quarter, Zacks reports. Four analysts have made estimates for Amphenol’s earnings. The highest sales estimate is $2.94 billion and the lowest is $2.92 billion. Amphenol reported sales of $2.65 billion during the same quarter last year, which would suggest a positive year over year growth rate of 10.6%. The company is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Amphenol will report full-year sales of $12.10 billion for the current fiscal year, with estimates ranging from $11.94 billion to $12.20 billion. For the next financial year, analysts forecast that the firm will report sales of $12.60 billion, with estimates ranging from $11.81 billion to $12.99 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Amphenol.

Amphenol (NYSE:APHGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The electronics maker reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Amphenol had a return on equity of 26.69% and a net margin of 14.73%. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the prior year, the company posted $0.52 EPS. Amphenol’s quarterly revenue was up 24.2% compared to the same quarter last year.

A number of equities analysts recently commented on the company. Citigroup decreased their target price on Amphenol from $100.00 to $90.00 in a report on Thursday, April 28th. StockNews.com began coverage on Amphenol in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Robert W. Baird reiterated an “outperform” rating and issued a $85.00 price target on shares of Amphenol in a research note on Friday, April 29th. Finally, Morgan Stanley cut their price target on Amphenol from $84.00 to $79.00 and set an “equal weight” rating for the company in a research note on Monday, April 25th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Amphenol currently has a consensus rating of “Buy” and a consensus price target of $84.40.

APH traded up $1.41 during trading on Monday, hitting $71.33. 3,237,811 shares of the company’s stock traded hands, compared to its average volume of 2,731,984. The company’s 50 day simple moving average is $71.84 and its two-hundred day simple moving average is $77.32. The company has a current ratio of 2.55, a quick ratio of 1.72 and a debt-to-equity ratio of 0.76. Amphenol has a 12-month low of $65.84 and a 12-month high of $88.45. The stock has a market capitalization of $42.59 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 2.20 and a beta of 1.21.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 13th. Shareholders of record on Tuesday, June 21st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Friday, June 17th. Amphenol’s payout ratio is currently 29.74%.

Several institutional investors have recently bought and sold shares of the company. WealthShield Partners LLC raised its stake in shares of Amphenol by 3.8% during the third quarter. WealthShield Partners LLC now owns 3,403 shares of the electronics maker’s stock valued at $249,000 after acquiring an additional 123 shares in the last quarter. King Luther Capital Management Corp raised its stake in Amphenol by 0.7% in the fourth quarter. King Luther Capital Management Corp now owns 19,913 shares of the electronics maker’s stock worth $1,742,000 after buying an additional 133 shares in the last quarter. Hall Laurie J Trustee raised its stake in Amphenol by 0.4% in the first quarter. Hall Laurie J Trustee now owns 37,595 shares of the electronics maker’s stock worth $2,833,000 after buying an additional 145 shares in the last quarter. ICW Investment Advisors LLC raised its stake in Amphenol by 2.6% in the first quarter. ICW Investment Advisors LLC now owns 5,741 shares of the electronics maker’s stock worth $433,000 after buying an additional 146 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in Amphenol by 3.3% in the first quarter. Parallel Advisors LLC now owns 4,907 shares of the electronics maker’s stock worth $376,000 after buying an additional 156 shares in the last quarter. 95.80% of the stock is owned by hedge funds and other institutional investors.

Amphenol Company Profile (Get Rating)

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.

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Earnings History and Estimates for Amphenol (NYSE:APH)

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