TE Connectivity (NYSE:TEL – Get Free Report) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of ~$1.96 for the period, compared to the consensus EPS estimate of $1.98. The company issued revenue guidance of ~$3.95 billion, compared to the consensus revenue estimate of $4.07 billion. TE Connectivity also updated its Q2 2025 guidance to 1.960-1.960 EPS.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on TEL shares. Hsbc Global Res cut shares of TE Connectivity from a “hold” rating to a “moderate sell” rating in a report on Thursday, October 31st. Bank of America cut their target price on shares of TE Connectivity from $173.00 to $165.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. StockNews.com raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. HSBC downgraded TE Connectivity from a “hold” rating to a “reduce” rating and set a $137.00 price target on the stock. in a report on Thursday, October 31st. Finally, The Goldman Sachs Group dropped their target price on TE Connectivity from $189.00 to $179.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, TE Connectivity currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.70.
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TE Connectivity Stock Performance
TE Connectivity (NYSE:TEL – Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. TE Connectivity had a return on equity of 18.48% and a net margin of 20.15%. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3,916,310.63 billion. During the same period in the previous year, the company posted $1.84 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Research analysts expect that TE Connectivity will post 8.1 EPS for the current fiscal year.
TE Connectivity declared that its Board of Directors has approved a stock repurchase program on Wednesday, October 30th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the electronics maker to purchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
TE Connectivity Company Profile
TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
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