FY2024 EPS Estimates for Amphenol Increased by Analyst

Amphenol Co. (NYSE:APH) – Analysts at Zacks Research increased their FY2024 EPS estimates for shares of Amphenol in a report issued on Tuesday, November 12th. Zacks Research analyst R. Department now anticipates that the electronics maker will post earnings of $1.82 per share for the year, up from their previous estimate of $1.72. The consensus estimate for Amphenol’s current full-year earnings is $1.84 per share. Zacks Research also issued estimates for Amphenol’s Q4 2024 earnings at $0.48 EPS, Q1 2025 earnings at $0.45 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.51 EPS, Q4 2025 earnings at $0.53 EPS, FY2025 earnings at $1.97 EPS, Q2 2026 earnings at $0.51 EPS, Q3 2026 earnings at $0.53 EPS and FY2026 earnings at $2.09 EPS.

APH has been the subject of a number of other research reports. TD Cowen lifted their price objective on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Truist Financial lifted their target price on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Evercore ISI lifted their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Bank of America lifted their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, Robert W. Baird lifted their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $69.63.

Amphenol Stock Performance

Shares of APH opened at $70.51 on Thursday. The firm has a 50-day moving average of $66.46 and a 200-day moving average of $65.90. Amphenol has a one year low of $44.44 and a one year high of $74.70. The company has a market cap of $85.01 billion, a PE ratio of 41.36, a price-to-earnings-growth ratio of 2.40 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period in the previous year, the business earned $0.39 EPS. The company’s revenue was up 26.3% compared to the same quarter last year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s payout ratio is presently 37.93%.

Insider Activity

In related news, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the transaction, the vice president now directly owns 14,000 shares in the company, valued at $963,760. This represents a 92.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Craig A. Lampo sold 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the transaction, the chief financial officer now owns 218,116 shares of the company’s stock, valued at approximately $14,997,656.16. This represents a 40.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amphenol

A number of institutional investors have recently added to or reduced their stakes in the stock. Beacon Capital Management LLC boosted its stake in shares of Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC boosted its stake in Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 188 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Amphenol during the second quarter valued at about $29,000. Trifecta Capital Advisors LLC grew its holdings in shares of Amphenol by 352.1% during the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after buying an additional 338 shares during the last quarter. Finally, Sachetta LLC lifted its position in shares of Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

About Amphenol

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.