Amphenol (NYSE:APH) Updates Q3 Earnings Guidance

Amphenol (NYSE:APH) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.43-0.45 for the period, compared to the consensus earnings per share estimate of $0.44. The company issued revenue guidance of $3.70-3.80 billion, compared to the consensus revenue estimate of $3.71 billion. Amphenol also updated its Q3 2024 guidance to 0.430-0.450 EPS.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Vertical Research assumed coverage on Amphenol in a research note on Tuesday. They issued a hold rating and a $65.00 target price on the stock. Evercore ISI restated an outperform rating on shares of Amphenol in a research note on Thursday, June 13th. Robert W. Baird decreased their price target on Amphenol from $72.00 to $70.00 and set an outperform rating for the company in a research note on Thursday. Jefferies Financial Group assumed coverage on Amphenol in a report on Tuesday, April 9th. They set a hold rating and a $62.50 price objective on the stock. Finally, Truist Financial raised their target price on Amphenol from $74.50 to $76.00 and gave the company a buy rating in a report on Thursday. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Amphenol presently has an average rating of Moderate Buy and a consensus target price of $65.35.

Amphenol Price Performance

Shares of Amphenol stock traded up $0.90 during midday trading on Thursday, hitting $62.89. 6,858,564 shares of the company were exchanged, compared to its average volume of 6,426,262. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.43. The firm has a market cap of $75.54 billion, a P/E ratio of 37.98, a PEG ratio of 3.09 and a beta of 1.25. Amphenol has a 52 week low of $39.34 and a 52 week high of $70.84. The firm has a 50 day simple moving average of $67.39 and a 200-day simple moving average of $59.38.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same period last year, the firm posted $0.72 EPS. The business’s revenue was up 18.2% on a year-over-year basis. Research analysts forecast that Amphenol will post 1.69 earnings per share for the current year.

Amphenol Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.66 annualized dividend and a yield of 1.05%. Amphenol’s dividend payout ratio is presently 26.91%.

Amphenol declared that its board has authorized a stock buyback program on Wednesday, April 24th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the electronics maker to purchase up to 2.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Amphenol news, insider Luc Walter sold 230,000 shares of Amphenol stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $67.57, for a total transaction of $15,541,100.00. Following the transaction, the insider now directly owns 397,280 shares in the company, valued at $26,844,209.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

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.