Analysts expect TE Connectivity Ltd. (NYSE:TEL) to report $1.25 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for TE Connectivity’s earnings. The lowest EPS estimate is $1.24 and the highest is $1.26. TE Connectivity posted earnings per share of $1.15 in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.7%. The business is scheduled to announce its next quarterly earnings report on Wednesday, January 24th.

According to Zacks, analysts expect that TE Connectivity will report full-year earnings of $5.27 per share for the current fiscal year, with EPS estimates ranging from $5.23 to $5.32. For the next financial year, analysts anticipate that the company will report earnings of $5.71 per share, with EPS estimates ranging from $5.54 to $5.82. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover TE Connectivity.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, November 1st. The electronics maker reported $1.25 EPS for the quarter, beating the consensus estimate of $1.16 by $0.09. TE Connectivity had a return on equity of 18.97% and a net margin of 12.84%. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the company posted $1.22 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year.

Several research firms have commented on TEL. Royal Bank of Canada cut their price objective on TE Connectivity from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday, November 2nd. Morgan Stanley raised their price objective on TE Connectivity from $97.00 to $102.00 and gave the company an “overweight” rating in a research report on Wednesday. Zacks Investment Research lowered TE Connectivity from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. Citigroup raised their price objective on TE Connectivity from $92.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Finally, Robert W. Baird began coverage on TE Connectivity in a research report on Friday, November 3rd. They issued an “outperform” rating and a $105.00 price objective on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $151.43.

TE Connectivity (NYSE TEL) traded down $0.38 during trading hours on Friday, reaching $95.27. The company’s stock had a trading volume of 1,794,783 shares, compared to its average volume of 1,446,935. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.37. TE Connectivity has a one year low of $66.20 and a one year high of $96.68. The stock has a market capitalization of $33,419.60, a price-to-earnings ratio of 19.68, a PEG ratio of 1.65 and a beta of 1.08.

TE Connectivity announced that its Board of Directors has initiated a share buyback program on Friday, December 8th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the electronics maker to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 24th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Wednesday, November 22nd. TE Connectivity’s payout ratio is 33.97%.

In related news, insider Thomas J. Lynch sold 130,617 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $91.29, for a total value of $11,924,025.93. Following the completion of the sale, the insider now directly owns 429,500 shares of the company’s stock, valued at $39,209,055. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thomas J. Lynch sold 130,616 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $83.37, for a total value of $10,889,455.92. Following the completion of the sale, the insider now directly owns 429,499 shares of the company’s stock, valued at $35,807,331.63. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 759,805 shares of company stock worth $69,542,539. Corporate insiders own 1.49% of the company’s stock.

A number of institutional investors have recently made changes to their positions in TEL. Renaissance Technologies LLC bought a new stake in TE Connectivity in the first quarter valued at about $3,601,000. Stratos Wealth Partners LTD. increased its holdings in TE Connectivity by 4.8% in the second quarter. Stratos Wealth Partners LTD. now owns 3,138 shares of the electronics maker’s stock valued at $247,000 after buying an additional 143 shares during the last quarter. IFP Advisors Inc increased its holdings in TE Connectivity by 25.1% in the second quarter. IFP Advisors Inc now owns 6,342 shares of the electronics maker’s stock valued at $499,000 after buying an additional 1,272 shares during the last quarter. Pioneer Investment Management Inc. increased its holdings in TE Connectivity by 45.8% in the second quarter. Pioneer Investment Management Inc. now owns 267,604 shares of the electronics maker’s stock valued at $21,055,000 after buying an additional 84,031 shares during the last quarter. Finally, Global X Management Co. LLC increased its holdings in TE Connectivity by 25.6% in the second quarter. Global X Management Co. LLC now owns 4,204 shares of the electronics maker’s stock valued at $331,000 after buying an additional 858 shares during the last quarter. 90.22% of the stock is owned by hedge funds and other institutional investors.

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

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