Amphenol (NYSE:APH) Releases Q2 Earnings Guidance

Amphenol (NYSE:APH) issued an update on its second quarter earnings guidance on Wednesday morning. 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.

Amphenol Stock Up 2.3 %

Shares of NYSE APH opened at $119.00 on Friday. The stock has a market cap of $71.59 billion, a P/E ratio of 36.39, a P/E/G ratio of 3.10 and a beta of 1.30. The firm has a 50 day moving average price of $111.74 and a 200 day moving average price of $99.44. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 2.06. Amphenol has a 52-week low of $72.00 and a 52-week high of $119.59.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 earnings per share. Analysts expect that Amphenol will post 3.29 EPS for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 26.91%.

Amphenol declared that its board has authorized 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 buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages recently commented on APH. Jefferies Financial Group began coverage on shares of Amphenol in a report on Tuesday, April 9th. They set a hold rating and a $125.00 target price for the company. Truist Financial increased their target price on shares of Amphenol from $121.00 to $136.00 and gave the stock a buy rating in a report on Thursday. Evercore ISI increased their target price on shares of Amphenol from $125.00 to $130.00 and gave the stock an outperform rating in a report on Thursday. Robert W. Baird increased their target price on shares of Amphenol from $123.00 to $124.00 and gave the stock an outperform rating in a report on Thursday. Finally, UBS Group increased their target price on shares of Amphenol from $135.00 to $138.00 and gave the stock a buy rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $118.83.

Insider Transactions at Amphenol

In other news, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction 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 stock was 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 90 days, insiders sold 305,000 shares of company stock worth $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.