Amphenol Corp. (APH) to Release Earnings on Wednesday
Amphenol Corp. (NYSE:APH) is set to post its quarterly earnings results before the market opens on Wednesday, October 19th. Analysts expect Amphenol Corp. to post earnings of $0.68 per share for the quarter. Amphenol Corp. has set its Q3 guidance at $0.67-0.69 EPS and its FY16 guidance at $2.60-2.64 EPS.
Amphenol Corp. (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Amphenol Corp. had a return on equity of 23.72% and a net margin of 13.03%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the company earned $0.58 EPS. The firm’s revenue was up 14.6% on a year-over-year basis. On average, analysts expect Amphenol Corp. to post $2.63 EPS for the current fiscal year and $2.88 EPS for the next fiscal year.
Amphenol Corp. (NYSE:APH) opened at 63.05 on Tuesday. The stock has a 50 day moving average price of $63.59 and a 200 day moving average price of $59.56. The company has a market capitalization of $19.47 billion, a price-to-earnings ratio of 25.94 and a beta of 1.07. Amphenol Corp. has a 52-week low of $44.50 and a 52-week high of $65.79.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 5th. Shareholders of record on Tuesday, September 13th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.89%. Amphenol Corp.’s dividend payout ratio is currently 23.05%.
Several brokerages have commented on APH. Zacks Investment Research downgraded shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 20th. RBC Capital Markets restated a “top pick” rating and set a $66.00 price objective (up from $65.00) on shares of Amphenol Corp. in a research report on Tuesday, September 20th. Goldman Sachs Group Inc. upgraded shares of Amphenol Corp. from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $70.00 in a research report on Tuesday, September 20th. Finally, Royal Bank Of Canada boosted their price objective on shares of Amphenol Corp. from $61.00 to $63.00 and gave the company a “top pick” rating in a research report on Thursday, July 21st. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $68.11.
In related news, insider Richard Adam Norwitt sold 262,000 shares of the stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $59.01, for a total value of $15,460,620.00. Following the completion of the sale, the insider now directly owns 137,992 shares in the company, valued at $8,142,907.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Martin Booker sold 21,200 shares of the stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $59.11, for a total value of $1,253,132.00. Following the completion of the sale, the vice president now owns 6,400 shares of the company’s stock, valued at $378,304. The disclosure for this sale can be found here. 2.92% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Fund Advisors boosted its stake in shares of Amphenol Corp. by 8.4% in the second quarter. BlackRock Fund Advisors now owns 5,181,488 shares of the company’s stock worth $297,055,000 after buying an additional 403,620 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Amphenol Corp. by 2.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,411,195 shares of the company’s stock worth $539,544,000 after buying an additional 235,138 shares during the period. Mackenzie Financial Corp boosted its stake in shares of Amphenol Corp. by 9.9% in the second quarter. Mackenzie Financial Corp now owns 1,761,847 shares of the company’s stock worth $101,007,000 after buying an additional 158,500 shares during the period. Atlanta Capital Management Co. L L C boosted its stake in shares of Amphenol Corp. by 9.5% in the second quarter. Atlanta Capital Management Co. L L C now owns 1,667,904 shares of the company’s stock worth $95,621,000 after buying an additional 144,887 shares during the period. Finally, Credit Suisse AG boosted its stake in shares of Amphenol Corp. by 17.9% in the second quarter. Credit Suisse AG now owns 442,100 shares of the company’s stock worth $25,346,000 after buying an additional 67,034 shares during the period. Institutional investors and hedge funds own 96.78% of the company’s stock.
Amphenol Corp. Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and coaxial and specialty cable. The Company operates through two segments: Interconnect Products and Assemblies, and Cable Products and Solutions.
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