Amphenol Corporation (NYSE:APH) Shares Will Pay Quarterly Dividend of $0.15

Key Points

• Amphenol declared a quarterly dividend of $0.15 per share, payable January 13 to shareholders of record December 22. The dividend represents a 40% reduction from the previous $0.25 payment and an annualized yield of approximately 0.7%.
• The company reported quarterly earnings of $0.80 per share, beating estimates of $0.73, while revenue reached $10.23 billion and increased 65.1% year over year.
• Analysts remain broadly positive, with 16 Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $119.37.

Amphenol Corporation (NYSE:APH - Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Tuesday, December 22nd will be paid a dividend of $0.15 per share by the electronics maker on Wednesday, January 13th. This represents a $0.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 22nd. This is a 40.0% decrease from Amphenol's previous quarterly dividend of $0.25.

Amphenol has increased its dividend by an average of 0.2% annually over the last three years. Amphenol has a dividend payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Amphenol to earn $3.29 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 15.2%.

Amphenol Trading Up 3.7%

APH opened at $81.10 on Thursday. The firm has a market capitalization of $199.98 billion, a P/E ratio of 40.65, a P/E/G ratio of 1.00 and a beta of 1.23. The firm's 50 day moving average is $81.31 and its 200-day moving average is $75.38. Amphenol has a 52-week low of $59.01 and a 52-week high of $89.93. The company has a quick ratio of 1.41, a current ratio of 1.89 and a debt-to-equity ratio of 1.10.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, October 28th. The electronics maker reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.07. The business had revenue of $10.23 billion for the quarter, compared to analysts' expectations of $9.49 billion. Amphenol had a net margin of 17.73% and a return on equity of 39.87%. The business's revenue for the quarter was up 65.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 earnings per share. Analysts expect that Amphenol will post 2.67 EPS for the current fiscal year.

Analyst Ratings Changes

APH has been the topic of a number of recent analyst reports. Sanford C. Bernstein started coverage on shares of Amphenol in a report on Wednesday, September 23rd. They issued an "outperform" rating and a $99.00 price objective on the stock. Weiss Ratings downgraded Amphenol from a "buy (a-)" rating to a "buy (b)" rating in a research note on Friday, October 23rd. Wolfe Research started coverage on Amphenol in a research report on Wednesday, September 30th. They set an "outperform" rating and a $105.00 target price on the stock. The Goldman Sachs Group reiterated a "buy" rating and issued a $116.00 price target (up from $102.00) on shares of Amphenol in a research note on Tuesday, October 6th. Finally, UBS Group reissued a "buy" rating and issued a $105.00 price target (up from $99.00) on shares of Amphenol in a report on Wednesday, October 7th. Sixteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.37.

About Amphenol

Amphenol Corporation NYSE: APH is a global manufacturer of electrical, electronic and fiber-optic connectors, interconnect systems and related products. Its portfolio includes cable assemblies, sensors, antennas, backplane systems, radio-frequency components and other specialized electronic hardware.

The company serves customers across a range of industries, including automotive, aerospace and defense, information technology and data communications, industrial, mobile networks, commercial aerospace, medical and other markets.

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