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%.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/11/12/analysts-expect-te-connectivity-ltd-tel-to-announce-1-25-eps.html.

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.

Get a free copy of the Zacks research report on TE Connectivity (TEL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for TE Connectivity (NYSE:TEL)

Receive News & Stock Ratings for TE Connectivity Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TE Connectivity Ltd. and related stocks with our FREE daily email newsletter.