TE Connectivity (TEL) Scheduled to Post Quarterly Earnings on Wednesday

TE Connectivity (NYSE:TEL) is scheduled to release its earnings data before the market opens on Wednesday, April 24th. Analysts expect TE Connectivity to post earnings of $1.82 per share for the quarter. TE Connectivity has set its Q2 guidance at ~$1.82 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.13. TE Connectivity had a net margin of 20.69% and a return on equity of 18.93%. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period in the prior year, the firm posted $1.53 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year. On average, analysts expect TE Connectivity to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

TE Connectivity Stock Performance

Shares of TEL opened at $143.77 on Tuesday. The company has a market cap of $44.68 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 2.00 and a beta of 1.39. The firm has a 50-day moving average of $142.66 and a 200-day moving average of $135.86. TE Connectivity has a one year low of $115.00 and a one year high of $147.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.86 and a quick ratio of 1.16.

TE Connectivity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Friday, February 21st. TE Connectivity’s payout ratio is currently 22.39%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TEL shares. The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. Citigroup began coverage on shares of TE Connectivity in a research report on Friday, January 5th. They issued a “neutral” rating and a $146.00 price objective on the stock. Stifel Nicolaus lifted their target price on shares of TE Connectivity from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. StockNews.com began coverage on shares of TE Connectivity in a report on Monday. They issued a “buy” rating on the stock. Finally, Truist Financial boosted their price objective on TE Connectivity from $148.00 to $153.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $153.30.

Insider Activity at TE Connectivity

In other TE Connectivity news, insider Steven T. Merkt sold 99,777 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $144.00, for a total transaction of $14,367,888.00. Following the transaction, the insider now owns 30,459 shares in the company, valued at approximately $4,386,096. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

About TE Connectivity

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.