Q3 2024 EPS Estimates for Amphenol Co. (NYSE:APH) Raised by Analyst

Amphenol Co. (NYSE:APH) – Zacks Research raised their Q3 2024 earnings per share estimates for Amphenol in a report released on Wednesday, August 14th. Zacks Research analyst A. Ganguly now expects that the electronics maker will post earnings of $0.44 per share for the quarter, up from their prior estimate of $0.42. The consensus estimate for Amphenol’s current full-year earnings is $1.74 per share. Zacks Research also issued estimates for Amphenol’s FY2025 earnings at $1.92 EPS, Q2 2026 earnings at $0.49 EPS and FY2026 earnings at $2.03 EPS.

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

Several other analysts have also issued reports on APH. Bank of America boosted their price target on Amphenol from $72.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a research note on Thursday, June 13th. UBS Group upped their price objective on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Truist Financial upped their price objective on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, TD Cowen upped their price objective on Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a research note on Thursday, June 6th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $65.35.

Amphenol Stock Up 0.8 %

Amphenol stock opened at $66.35 on Monday. The stock has a market cap of $79.70 billion, a PE ratio of 40.71, a price-to-earnings-growth ratio of 2.81 and a beta of 1.25. 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 has a one year low of $39.34 and a one year high of $70.84. The stock has a fifty day moving average of $66.01 and a 200 day moving average of $61.17.

Amphenol Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.66 annualized dividend and a yield of 0.99%. Amphenol’s dividend payout ratio (DPR) is currently 40.49%.

Amphenol declared that its Board of Directors has initiated a share buyback program on Wednesday, April 24th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the electronics maker to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related 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 value of $48,405,000.00. Following the transaction, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at $124,875,089.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Amphenol news, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction 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 sale, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at approximately $124,875,089.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Luc Walter sold 230,000 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $67.57, for a total value of $15,541,100.00. Following the sale, the insider now directly owns 397,280 shares in the company, valued at approximately $26,844,209.60. The disclosure for this sale can be found here. Insiders have sold a total of 1,746,000 shares of company stock valued at $113,777,740 over the last quarter. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Amphenol

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Amphenol by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 73,459,971 shares of the electronics maker’s stock worth $8,473,608,000 after purchasing an additional 321,861 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Amphenol by 92.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock worth $2,468,301,000 after acquiring an additional 17,552,921 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Amphenol by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,224,036 shares of the electronics maker’s stock worth $3,601,694,000 after acquiring an additional 1,979,022 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Amphenol by 69.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock worth $1,564,711,000 after acquiring an additional 9,487,387 shares during the last quarter. Finally, Mawer Investment Management Ltd. raised its stake in Amphenol by 88.9% in the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock worth $1,041,204,000 after acquiring an additional 7,275,279 shares during the last quarter. Institutional investors and hedge funds own 97.01% 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.