Zacks Research Increases Earnings Estimates for Amphenol

Amphenol Co. (NYSE:APH) – Equities researchers at Zacks Research increased their FY2024 earnings per share (EPS) estimates for Amphenol in a research report issued on Tuesday, November 12th. Zacks Research analyst R. Department now expects that the electronics maker will post earnings per share of $1.82 for the year, up from their prior forecast of $1.72. The consensus estimate for Amphenol’s current full-year earnings is $1.84 per share. Zacks Research also issued estimates for Amphenol’s Q4 2024 earnings at $0.48 EPS, Q1 2025 earnings at $0.45 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.51 EPS, Q4 2025 earnings at $0.53 EPS, FY2025 earnings at $1.97 EPS, Q2 2026 earnings at $0.51 EPS, Q3 2026 earnings at $0.53 EPS and FY2026 earnings at $2.09 EPS.

A number of other analysts have also recently issued reports on the company. Truist Financial raised their price objective on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Evercore ISI lifted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Robert W. Baird increased their price objective on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Bank of America lifted their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, TD Cowen increased their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.63.

Amphenol Trading Up 0.4 %

Amphenol stock opened at $72.59 on Thursday. The stock has a 50-day simple moving average of $66.25 and a 200 day simple moving average of $65.86. The stock has a market capitalization of $87.52 billion, a P/E ratio of 42.25, a PEG ratio of 2.39 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. Amphenol has a 52 week low of $44.42 and a 52 week high of $74.70.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm’s revenue was up 26.3% on a year-over-year basis. During the same period last year, the business earned $0.39 earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of Amphenol by 92.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock valued at $2,468,301,000 after purchasing an additional 17,552,921 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Amphenol by 69.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock valued at $1,564,711,000 after acquiring an additional 9,487,387 shares during the last quarter. Mawer Investment Management Ltd. raised its stake in Amphenol by 88.9% during the second quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock worth $1,041,204,000 after acquiring an additional 7,275,279 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Amphenol by 116.6% in the second quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock worth $662,458,000 after acquiring an additional 5,293,292 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Amphenol by 263.0% in the 2nd quarter. National Bank of Canada FI now owns 3,568,426 shares of the electronics maker’s stock valued at $240,935,000 after purchasing an additional 2,585,282 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Activity at Amphenol

In related news, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the transaction, the chief financial officer now owns 218,116 shares in the company, valued at approximately $14,997,656.16. This trade represents a 40.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the sale, the vice president now directly owns 14,000 shares of the company’s stock, valued at $963,760. This represents a 92.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,842,672 shares of company stock worth $128,858,080. Company insiders own 1.80% of the company’s stock.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be given a $0.165 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.91%. Amphenol’s payout ratio is 37.93%.

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.