Amphenol (NYSE:APH) Updates Q2 Earnings Guidance

Amphenol (NYSE:APH) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.79-0.81 for the period, compared to the consensus estimate of $0.79. The company issued revenue guidance of $3.24-3.30 billion, compared to the consensus revenue estimate of $3.27 billion. Amphenol also updated its Q2 2024 guidance to 0.790-0.810 EPS.

Analysts Set New Price Targets

A number of research firms have weighed in on APH. Bank of America upped their price target on shares of Amphenol from $117.00 to $121.00 and gave the stock a buy rating in a research report on Thursday, April 18th. Evercore ISI boosted their target price on shares of Amphenol from $110.00 to $125.00 and gave the stock an outperform rating in a report on Monday, March 25th. Citigroup boosted their target price on shares of Amphenol from $117.00 to $135.00 and gave the stock a buy rating in a report on Thursday, April 4th. UBS Group boosted their target price on shares of Amphenol from $118.00 to $135.00 and gave the stock a buy rating in a report on Tuesday, April 16th. Finally, Stifel Nicolaus upped their price target on shares of Amphenol from $88.00 to $95.00 and gave the company a hold rating in a research note on Thursday, January 25th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $113.75.

Amphenol Stock Performance

APH stock opened at $116.31 on Thursday. The firm has a market cap of $69.97 billion, a price-to-earnings ratio of 37.40, a PEG ratio of 3.06 and a beta of 1.30. The firm has a 50-day simple moving average of $111.48 and a two-hundred day simple moving average of $99.30. Amphenol has a one year low of $72.00 and a one year high of $119.59. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.16 billion. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 earnings per share. On average, equities analysts forecast that Amphenol will post 3.28 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Monday, March 18th. Amphenol’s payout ratio is currently 28.30%.

Amphenol declared that its Board of Directors has approved a stock buyback plan on Wednesday, April 24th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the electronics maker to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Amphenol news, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Craig A. Lampo sold 100,000 shares of Amphenol stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total value of $10,467,000.00. Following the sale, the chief financial officer now owns 147,045 shares of the company’s stock, valued at approximately $15,391,200.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total transaction of $2,212,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 305,000 shares of company stock valued at $31,846,050. 1.80% of the stock is owned by insiders.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.