Amphenol (NYSE:APH) Updates Q1 2020 Pre-Market Earnings Guidance
Amphenol (NYSE:APH) issued an update on its first quarter 2020
Pre-Market earnings guidance on Wednesday morning. The company provided EPS guidance of 0.85-0.87 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.89. The company issued revenue guidance of $1.96-2 billion, compared to the consensus revenue estimate of $1.95 billion.Amphenol also updated its FY 2020
Pre-Market guidance to 3.76-3.84 EPS.
Several brokerages recently commented on APH. Jefferies Financial Group initiated coverage on shares of Amphenol in a research report on Monday, December 16th. They issued a buy rating and a $125.00 price objective for the company. Evercore ISI reiterated a buy rating and set a $120.00 price target on shares of Amphenol in a research note on Thursday. JPMorgan Chase & Co. started coverage on Amphenol in a report on Tuesday, October 22nd. They issued a neutral rating and a $104.00 price objective on the stock. Royal Bank of Canada started coverage on Amphenol in a research note on Tuesday, December 17th. They issued a sector perform rating and a $110.00 price objective for the company. Finally, Morgan Stanley raised their price objective on Amphenol from $104.00 to $112.00 and gave the stock an overweight rating in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Amphenol presently has an average rating of Hold and a consensus target price of $109.23.
Shares of NYSE APH opened at $106.83 on Friday. The company has a market capitalization of $31.61 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 2.84 and a beta of 1.03. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.39 and a current ratio of 1.99. The company’s fifty day moving average price is $107.53 and its 200 day moving average price is $98.52. Amphenol has a 1 year low of $82.92 and a 1 year high of $110.24.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were given a dividend of $0.25 per share. The ex-dividend date was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.94%. Amphenol’s payout ratio is 26.74%.
In other news, VP Richard Gu sold 6,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $102.33, for a total value of $613,980.00. Following the completion of the sale, the vice president now directly owns 7,000 shares of the company’s stock, valued at approximately $716,310. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jean-Luc Gavelle sold 54,800 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $100.81, for a total value of $5,524,388.00. Following the completion of the sale, the vice president now directly owns 54,800 shares of the company’s stock, valued at $5,524,388. The disclosure for this sale can be found here. Insiders have sold 245,994 shares of company stock worth $25,155,902 in the last three months. 2.60% of the stock is currently owned by corporate insiders.
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.
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