Analysts Expect TE Connectivity Ltd. (TEL) to Announce $1.25 EPS
Analysts expect TE Connectivity Ltd. (NYSE:TEL) to report $1.25 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for TE Connectivity’s earnings, with estimates ranging from $1.24 to $1.26. TE Connectivity reported earnings per share of $1.15 during the same quarter last year, which suggests a positive year over year growth rate of 8.7%. The firm is expected to issue its next quarterly earnings report on Wednesday, January 24th.
According to Zacks, analysts expect that TE Connectivity will report full-year earnings of $5.28 per share for the current financial year, with EPS estimates ranging from $5.23 to $5.38. For the next fiscal year, analysts expect that the business will report earnings of $5.69 per share, with EPS estimates ranging from $5.54 to $5.82. Zacks’ EPS calculations are an average based on a survey of research analysts that cover TE Connectivity.
TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, November 1st. The electronics maker reported $1.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.09. The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.28 billion. TE Connectivity had a return on equity of 18.97% and a net margin of 12.84%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.22 EPS.
TEL has been the topic of several recent research reports. BidaskClub downgraded TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Morgan Stanley dropped their price target on TE Connectivity from GBX 350 ($4.60) to GBX 269 ($3.54) and set an “overweight” rating on the stock in a research note on Tuesday, August 8th. Royal Bank of Canada dropped their price target on TE Connectivity from GBX 300 ($3.95) to GBX 225 ($2.96) and set an “outperform” rating on the stock in a research note on Thursday, August 10th. Cowen and Company reissued a “buy” rating and issued a $95.00 price target on shares of TE Connectivity in a research note on Thursday, August 10th. Finally, Zacks Investment Research downgraded TE Connectivity from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $150.00.
Shares of TE Connectivity (NYSE TEL) opened at $93.53 on Friday. TE Connectivity has a 12 month low of $66.13 and a 12 month high of $93.75. The company has a market capitalization of $32,836.45, a price-to-earnings ratio of 19.24, a P/E/G ratio of 1.80 and a beta of 1.06. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.54.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, November 22nd. TE Connectivity’s payout ratio is currently 33.97%.
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In related news, SVP Mario Calastri sold 8,539 shares of TE Connectivity stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $93.27, for a total transaction of $796,432.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Heath A. Mitts sold 10,736 shares of TE Connectivity stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $93.14, for a total value of $999,951.04. The disclosure for this sale can be found here. Insiders have sold 512,503 shares of company stock valued at $43,640,863 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of TEL. Duncker Streett & Co. Inc. grew its holdings in TE Connectivity by 17.8% during the second quarter. Duncker Streett & Co. Inc. now owns 1,325 shares of the electronics maker’s stock worth $104,000 after purchasing an additional 200 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of TE Connectivity by 38.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,379 shares of the electronics maker’s stock worth $109,000 after acquiring an additional 384 shares during the period. AllSquare Wealth Management LLC bought a new stake in shares of TE Connectivity during the third quarter worth approximately $113,000. Acrospire Investment Management LLC bought a new stake in shares of TE Connectivity during the second quarter worth approximately $126,000. Finally, Harfst & Associates Inc. boosted its holdings in shares of TE Connectivity by 46.2% during the second quarter. Harfst & Associates Inc. now owns 1,722 shares of the electronics maker’s stock worth $135,000 after acquiring an additional 544 shares during the period. Institutional investors and hedge funds own 90.12% of the company’s stock.
TE Connectivity Company Profile
TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.
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