Amphenol Corp. (APH) Issues Q4 Earnings Guidance
Amphenol Corp. (NYSE:APH) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.71-0.73 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.71. The company issued revenue guidance of $1.59-1.63 billion, compared to the consensus revenue estimate of $1.61 billion.
Amphenol Corp. (NYSE:APH) opened at 63.21 on Wednesday. Amphenol Corp. has a one year low of $44.50 and a one year high of $65.79. The firm has a market cap of $19.51 billion, a price-to-earnings ratio of 26.00 and a beta of 1.07. The stock has a 50 day moving average of $63.63 and a 200 day moving average of $59.59.
Amphenol Corp. (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 19th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The business earned $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. Amphenol Corp. had a net margin of 13.03% and a return on equity of 23.72%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 EPS. Equities research analysts predict that Amphenol Corp. will post $2.63 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 5th. Investors of record on Tuesday, September 13th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.89%. Amphenol Corp.’s payout ratio is 23.05%.
Several brokerages recently commented on APH. RBC Capital Markets reissued a top pick rating and issued a $63.00 price objective (up previously from $61.00) on shares of Amphenol Corp. in a research note on Friday, July 22nd. Royal Bank Of Canada raised their price target on shares of Amphenol Corp. from $61.00 to $63.00 and gave the company a top pick rating in a research note on Thursday, July 21st. Zacks Investment Research downgraded shares of Amphenol Corp. from a buy rating to a hold rating in a research note on Tuesday, June 21st. Finally, Goldman Sachs Group Inc. raised shares of Amphenol Corp. from a neutral rating to a buy rating and raised their price target for the company from $60.00 to $70.00 in a research note on Tuesday, September 20th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $68.11.
In other Amphenol Corp. news, VP Martin Booker sold 21,200 shares of the firm’s 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 directly owns 6,400 shares in the company, valued at $378,304. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard Adam Norwitt sold 262,000 shares of the firm’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $59.01, for a total transaction of $15,460,620.00. Following the completion of the sale, the insider now owns 137,992 shares of the company’s stock, valued at $8,142,907.92. The disclosure for this sale can be found here. Corporate insiders own 2.92% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Reliance Trust Co. of Delaware boosted its stake in Amphenol Corp. by 0.6% in the second quarter. Reliance Trust Co. of Delaware now owns 5,055 shares of the company’s stock worth $290,000 after buying an additional 31 shares during the last quarter. First Allied Advisory Services Inc. boosted its stake in Amphenol Corp. by 0.8% in the second quarter. First Allied Advisory Services Inc. now owns 10,926 shares of the company’s stock worth $628,000 after buying an additional 90 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Amphenol Corp. by 5.0% in the second quarter. Ameritas Investment Partners Inc. now owns 6,088 shares of the company’s stock worth $349,000 after buying an additional 290 shares during the last quarter. Advantus Capital Management Inc boosted its stake in Amphenol Corp. by 1.0% in the second quarter. Advantus Capital Management Inc now owns 30,332 shares of the company’s stock worth $1,739,000 after buying an additional 314 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in Amphenol Corp. by 0.6% in the second quarter. Panagora Asset Management Inc. now owns 49,550 shares of the company’s stock worth $2,841,000 after buying an additional 316 shares during the last quarter. 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.
Receive News & Stock Ratings for Amphenol Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol Corp. and related stocks with our FREE daily email newsletter.