Amphenol Corporation Announces Quarterly Dividend of $0.17 (NYSE:APH)

Key Points

• Amphenol Corporation declared a quarterly dividend of $0.17, with a total annualized dividend of $0.66, representing a yield of 0.61% for shareholders of record on September 16th.
• The company reported quarterly earnings of $0.81 per share, exceeding analysts' expectations of $0.66, and had a significant year-over-year revenue increase of 56.5% to $5.65 billion.
• Insider trading activity included significant stock sales by two vice presidents, resulting in a combined sale of approximately $12.5 million worth of shares.

Amphenol Corporation (NYSE:APH - Get Free Report) announced a quarterly dividend on Thursday, July 31st, RTT News reports. Shareholders of record on Tuesday, September 16th will be given a dividend of 0.165 per share by the electronics maker on Wednesday, October 8th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 16th.

Amphenol has a payout ratio of 22.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Amphenol to earn $2.64 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 25.0%.

Amphenol Price Performance

Shares of NYSE APH traded down $2.22 during midday trading on Friday, reaching $104.29. 8,736,054 shares of the stock traded hands, compared to its average volume of 8,870,272. The company's 50 day moving average is $96.99 and its 200 day moving average is $79.68. Amphenol has a one year low of $54.77 and a one year high of $108.85. The stock has a market capitalization of $127.33 billion, a PE ratio of 41.55, a P/E/G ratio of 1.74 and a beta of 1.13. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. The business had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The business's revenue was up 56.5% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS. On average, equities research analysts anticipate that Amphenol will post 2.36 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on APH shares. Evercore ISI lifted their target price on Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. KGI Securities began coverage on shares of Amphenol in a research note on Thursday, June 26th. They issued a "hold" rating on the stock. Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a research note on Thursday, April 24th. TD Securities increased their price objective on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Finally, Citigroup boosted their target price on Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $102.23.

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.