Amphenol Co. (NYSE:APH) Expected to Post Quarterly Sales of $2.73 Billion

Analysts expect that Amphenol Co. (NYSE:APH) will post $2.73 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Amphenol’s earnings, with the lowest sales estimate coming in at $2.72 billion and the highest estimate coming in at $2.75 billion. Amphenol reported sales of $2.43 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 12.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, January 26th.

According to Zacks, analysts expect that Amphenol will report full-year sales of $10.58 billion for the current year, with estimates ranging from $10.57 billion to $10.60 billion. For the next year, analysts expect that the company will report sales of $11.19 billion, with estimates ranging from $10.91 billion to $11.46 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Amphenol.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Tuesday, October 26th. The electronics maker reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Amphenol had a return on equity of 25.73% and a net margin of 14.43%. The firm’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS.

A number of analysts have issued reports on APH shares. Robert W. Baird reissued a “buy” rating on shares of Amphenol in a research note on Sunday, August 1st. Truist raised their price target on Amphenol from $85.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, November 19th. Morgan Stanley raised their price target on Amphenol from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 28th. Truist Securities raised their price target on Amphenol from $85.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, November 19th. Finally, Jefferies Financial Group raised their price target on Amphenol from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, September 22nd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $80.05.

In other Amphenol news, VP Martin Booker sold 140,000 shares of the company’s stock in a transaction dated Friday, August 27th. The stock was sold at an average price of $76.29, for a total value of $10,680,600.00. Following the transaction, the vice president now directly owns 140,000 shares of the company’s stock, valued at approximately $10,680,600. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Jean-Luc Gavelle sold 60,000 shares of the company’s stock in a transaction dated Thursday, September 2nd. The stock was sold at an average price of $76.58, for a total value of $4,594,800.00. Following the sale, the senior vice president now owns 60,000 shares of the company’s stock, valued at approximately $4,594,800. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 227,500 shares of company stock valued at $17,372,275. 2.50% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Amphenol by 0.4% during the 2nd quarter. FMR LLC now owns 45,807,428 shares of the electronics maker’s stock worth $3,133,686,000 after acquiring an additional 188,966 shares in the last quarter. State Street Corp boosted its stake in shares of Amphenol by 0.4% during the 2nd quarter. State Street Corp now owns 25,417,089 shares of the electronics maker’s stock worth $1,742,399,000 after acquiring an additional 95,604 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Amphenol by 5.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 17,310,823 shares of the electronics maker’s stock worth $1,184,233,000 after acquiring an additional 966,115 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Amphenol by 17.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 16,850,704 shares of the electronics maker’s stock valued at $1,152,758,000 after purchasing an additional 2,549,182 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in Amphenol by 4.3% during the 3rd quarter. Alliancebernstein L.P. now owns 16,124,132 shares of the electronics maker’s stock valued at $1,180,771,000 after purchasing an additional 662,233 shares during the period. Institutional investors own 93.83% of the company’s stock.

Amphenol stock traded down $0.50 during midday trading on Friday, reaching $84.30. 2,013,912 shares of the company were exchanged, compared to its average volume of 2,511,981. The firm’s 50-day simple moving average is $78.42 and its 200-day simple moving average is $73.39. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.72 and a current ratio of 2.40. Amphenol has a 1 year low of $58.58 and a 1 year high of $86.05. The company has a market capitalization of $50.41 billion, a price-to-earnings ratio of 35.49, a P/E/G ratio of 2.67 and a beta of 1.24.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 12th. Investors of record on Tuesday, December 21st will be paid a dividend of $0.20 per share. This is an increase from Amphenol’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Monday, December 20th. Amphenol’s dividend payout ratio is presently 24.42%.

Amphenol Company Profile

Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors interconnect systems, antennas, sensors and sensor-based products, and coaxial and high-speed specialty cable. It operates through the Interconnect Products and Assemblies; and Cables Products and Solutions segments.

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Earnings History and Estimates for Amphenol (NYSE:APH)

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