Brokerages expect TE Connectivity Ltd. (NYSE:TEL) to announce sales of $3.71 billion for the current fiscal quarter, according to Zacks. Five analysts have made estimates for TE Connectivity’s earnings, with the lowest sales estimate coming in at $3.70 billion and the highest estimate coming in at $3.74 billion. TE Connectivity posted sales of $3.52 billion in the same quarter last year, which would indicate a positive year over year growth rate of 5.4%. The company is scheduled to report its next quarterly earnings report on Wednesday, January 26th.
According to Zacks, analysts expect that TE Connectivity will report full-year sales of $15.73 billion for the current financial year, with estimates ranging from $15.52 billion to $15.96 billion. For the next fiscal year, analysts expect that the business will report sales of $16.87 billion, with estimates ranging from $16.43 billion to $17.53 billion. Zacks’ sales averages are an average based on a survey of research firms that cover TE Connectivity.
TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, October 27th. The electronics maker reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.05. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.77 billion. TE Connectivity had a net margin of 15.15% and a return on equity of 21.58%. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.16 earnings per share.
In other TE Connectivity news, SVP Robert J. Ott sold 8,737 shares of the stock in a transaction that occurred on Wednesday, November 3rd. The stock was sold at an average price of $153.46, for a total transaction of $1,340,780.02. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.79% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the business. Consolidated Planning Corp bought a new position in shares of TE Connectivity during the 3rd quarter worth approximately $133,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of TE Connectivity in the 3rd quarter worth $1,187,000. Kentucky Retirement Systems lifted its holdings in shares of TE Connectivity by 0.7% in the 3rd quarter. Kentucky Retirement Systems now owns 19,354 shares of the electronics maker’s stock worth $2,656,000 after purchasing an additional 125 shares in the last quarter. Colony Group LLC lifted its holdings in shares of TE Connectivity by 7.4% in the 3rd quarter. Colony Group LLC now owns 4,370 shares of the electronics maker’s stock worth $600,000 after purchasing an additional 300 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of TE Connectivity by 17.3% in the 3rd quarter. Captrust Financial Advisors now owns 8,840 shares of the electronics maker’s stock worth $1,213,000 after purchasing an additional 1,301 shares in the last quarter. Hedge funds and other institutional investors own 89.60% of the company’s stock.
Shares of TEL stock traded down $0.39 on Thursday, reaching $160.36. The company had a trading volume of 1,678,369 shares, compared to its average volume of 1,574,983. The business’s 50-day moving average is $150.15 and its 200 day moving average is $144.01. TE Connectivity has a one year low of $113.00 and a one year high of $166.44. The company has a quick ratio of 1.02, a current ratio of 1.56 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $52.33 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 2.24 and a beta of 1.36.
About TE Connectivity
TE Connectivity Ltd. engages in the design and manufacture of connectivity and sensors solutions. It operates through the following segments: Transportation, Industrial, and Communications Solutions. The Transportation Solutions segment offers products that are used in the automotive, commercial transportation, and sensors markets.
Further Reading: The role of implied volatility with call option volume
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TE Connectivity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TE Connectivity and related companies with MarketBeat.com's FREE daily email newsletter.