Amphenol (APH) Set to Announce Quarterly Earnings on Wednesday

Amphenol (NYSE:APH) will release its earnings data before the market opens on Wednesday, October 23rd. Analysts expect Amphenol to post earnings of $0.45 per share for the quarter. Amphenol has set its Q3 guidance at $0.43-0.45 EPS and its Q3 2024 guidance at 0.430-0.450 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.72 earnings per share. On average, analysts expect Amphenol to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Amphenol Trading Down 2.5 %

Amphenol stock opened at $65.70 on Wednesday. The stock has a market cap of $78.92 billion, a P/E ratio of 40.31, a PEG ratio of 2.56 and a beta of 1.24. Amphenol has a fifty-two week low of $39.34 and a fifty-two week high of $70.84. The firm’s fifty day moving average price is $64.42 and its 200-day moving average price is $64.10. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02.

Amphenol Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.00%. Amphenol’s dividend payout ratio is currently 40.49%.

Insider Buying and Selling

In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the transaction, the vice president now owns 51,400 shares in the company, valued at $3,323,010. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the transaction, the chief executive officer now owns 1,934,848 shares in the company, valued at $124,875,089.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Lance E. D’amico sold 90,000 shares of Amphenol stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.65, for a total value of $5,818,500.00. Following the completion of the transaction, the vice president now owns 51,400 shares of the company’s stock, valued at $3,323,010. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,516,000 shares of company stock worth $98,236,640 in the last quarter. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on APH shares. Bank of America dropped their price target on Amphenol from $71.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Truist Financial boosted their price target on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. UBS Group boosted their price objective on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Robert W. Baird decreased their price objective on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Finally, Vertical Research assumed coverage on shares of Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.50.

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.