Amphenol (NYSE:APH) Announces Quarterly Earnings Results

Amphenol (NYSE:APH) released its quarterly earnings results on Wednesday. The electronics maker reported $0.80 EPS for the quarter, beating the consensus estimate of $0.73 by $0.07, Briefing.com reports. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the company earned $0.69 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Amphenol updated its Q2 guidance to $0.79-0.81 EPS and its Q2 2024 guidance to 0.790-0.810 EPS.

Amphenol Stock Performance

Shares of APH stock traded up $1.29 during trading hours on Friday, hitting $120.30. The stock had a trading volume of 1,451,819 shares, compared to its average volume of 2,851,552. The stock’s 50 day moving average is $111.74 and its 200 day moving average is $99.44. The firm has a market capitalization of $72.37 billion, a PE ratio of 36.39, a PEG ratio of 3.10 and a beta of 1.30. Amphenol has a twelve month low of $72.77 and a twelve month high of $120.83. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.48.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 26.91%.

Insider Activity

In other Amphenol news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider William J. Doherty sold 170,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction dated 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. Insiders have sold 305,000 shares of company stock valued at $31,846,050 in the last ninety days. 1.80% of the stock is currently owned by company insiders.

Amphenol declared that its board has initiated a share repurchase program on Wednesday, April 24th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the electronics maker to buy up to 2.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Jefferies Financial Group initiated coverage on Amphenol in a research report on Tuesday, April 9th. They issued a “hold” rating and a $125.00 target price on the stock. The Goldman Sachs Group lifted their price objective on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Robert W. Baird raised their target price on Amphenol from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday. Finally, UBS Group boosted their price target on shares of Amphenol from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.83.

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.