Equities analysts expect TE Connectivity Ltd (NYSE:TEL) to post $3.38 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for TE Connectivity’s earnings, with the highest sales estimate coming in at $3.39 billion and the lowest estimate coming in at $3.36 billion. TE Connectivity reported sales of $3.48 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 2.9%. The firm is scheduled to announce its next earnings report on Wednesday, January 23rd.

According to Zacks, analysts expect that TE Connectivity will report full year sales of $14.17 billion for the current year, with estimates ranging from $14.09 billion to $14.25 billion. For the next financial year, analysts expect that the firm will post sales of $14.79 billion, with estimates ranging from $14.65 billion to $14.97 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover TE Connectivity.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, October 31st. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.02. The business had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.65 billion. TE Connectivity had a return on equity of 20.06% and a net margin of 17.69%. TE Connectivity’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.25 earnings per share.

Several research firms have issued reports on TEL. Zacks Investment Research lowered TE Connectivity from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Royal Bank of Canada dropped their price objective on TE Connectivity to $96.00 and set a “positive” rating on the stock in a research note on Thursday, November 1st. They noted that the move was a valuation call. Morgan Stanley dropped their price objective on TE Connectivity from $117.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, July 26th. Wells Fargo & Co dropped their price objective on TE Connectivity from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 17th. Finally, SunTrust Banks restated a “hold” rating and issued a $82.00 price objective on shares of TE Connectivity in a research note on Wednesday, October 31st. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $108.00.

Several institutional investors have recently bought and sold shares of TEL. Proffitt & Goodson Inc. acquired a new position in shares of TE Connectivity in the third quarter valued at approximately $106,000. Flagship Harbor Advisors LLC acquired a new position in shares of TE Connectivity in the second quarter valued at approximately $111,000. Fort L.P. acquired a new position in shares of TE Connectivity in the second quarter valued at approximately $115,000. Private Capital Group LLC acquired a new position in shares of TE Connectivity in the second quarter valued at approximately $121,000. Finally, Rational Advisors LLC grew its position in shares of TE Connectivity by 138.1% in the third quarter. Rational Advisors LLC now owns 1,905 shares of the electronics maker’s stock valued at $167,000 after purchasing an additional 1,105 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors.

NYSE:TEL traded up $0.16 on Thursday, hitting $76.82. The company’s stock had a trading volume of 2,529,520 shares, compared to its average volume of 1,869,341. The company has a quick ratio of 0.98, a current ratio of 1.41 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $27.57 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 1.25 and a beta of 1.16. TE Connectivity has a one year low of $73.70 and a one year high of $108.23.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 23rd will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Wednesday, November 21st. TE Connectivity’s payout ratio is 31.37%.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, engages in the design, manufacture, and sale of connectivity and sensors solutions in the Americas, Europe, the Middle East, Africa, and the Asia–Pacific. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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

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