Amphenol (NYSE:APH) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

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

Amphenol Price Performance

APH stock traded up $1.34 on Friday, reaching $120.35. 1,303,867 shares of the company’s stock were exchanged, compared to its average volume of 2,850,051. The stock has a fifty day moving average of $111.74 and a 200-day moving average of $99.44. The firm has a market cap of $72.40 billion, a PE ratio of 36.39, a P/E/G ratio of 3.10 and a beta of 1.30. The company has a quick ratio of 1.48, a current ratio of 2.06 and a debt-to-equity ratio of 0.41. Amphenol has a twelve month low of $72.77 and a twelve month high of $120.83.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were paid 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 26.91%.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider Peter Straub sold 20,000 shares of the company’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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the sale, the vice president now owns 25,700 shares in the company, valued at approximately $2,692,075. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 305,000 shares of company stock valued at $31,846,050. 1.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

APH has been the subject of several research analyst reports. UBS Group upped their target price on shares of Amphenol from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday. Stifel Nicolaus lifted their target price on Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. upped their target price on Amphenol from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday. Robert W. Baird lifted their price target on Amphenol from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Citigroup increased their price objective on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.83.

Amphenol announced that its board has authorized a share buyback plan on Wednesday, April 24th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the electronics maker to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

About Amphenol

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.