Zacks Research Comments on Amphenol Co.'s Q2 2024 Earnings (NYSE:APH)

Amphenol Co. (NYSE:APH - Free Report) - Stock analysts at Zacks Research lifted their Q2 2024 earnings estimates for shares of Amphenol in a research note issued to investors on Wednesday, May 15th. Zacks Research analyst A. Ganguly now anticipates that the electronics maker will post earnings of $0.79 per share for the quarter, up from their previous estimate of $0.78. The consensus estimate for Amphenol's current full-year earnings is $3.35 per share. Zacks Research also issued estimates for Amphenol's Q3 2024 earnings at $0.84 EPS, FY2024 earnings at $3.28 EPS, Q1 2025 earnings at $0.84 EPS, Q2 2025 earnings at $0.91 EPS, Q3 2025 earnings at $0.93 EPS, Q4 2025 earnings at $0.96 EPS, FY2025 earnings at $3.63 EPS, Q1 2026 earnings at $0.91 EPS and FY2026 earnings at $3.85 EPS.

A number of other equities research analysts also recently commented on the company. Citigroup raised their target price on Amphenol from $117.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, April 4th. UBS Group raised their price objective on shares of Amphenol from $135.00 to $138.00 and gave the company a "buy" rating in a research note on Thursday, April 25th. Jefferies Financial Group initiated coverage on shares of Amphenol in a report on Tuesday, April 9th. They set a "hold" rating and a $125.00 price objective on the stock. Stifel Nicolaus increased their target price on shares of Amphenol from $88.00 to $95.00 and gave the company a "hold" rating in a report on Thursday, January 25th. Finally, Robert W. Baird boosted their price target on Amphenol from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, April 25th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.83.

Amphenol Price Performance

Shares of APH traded down $0.25 during mid-day trading on Thursday, hitting $131.71. The company's stock had a trading volume of 3,972,123 shares, compared to its average volume of 2,910,023. The firm has a 50-day simple moving average of $116.43 and a 200 day simple moving average of $103.78. Amphenol has a 1-year low of $72.77 and a 1-year high of $133.90. The firm has a market capitalization of $79.11 billion, a P/E ratio of 40.28, a P/E/G ratio of 3.23 and a beta of 1.27. The company has a current ratio of 2.06, a quick ratio of 1.43 and a debt-to-equity ratio of 0.41.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.07. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The firm had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same period in the prior year, the company posted $0.69 earnings per share. The firm's revenue for the quarter was up 9.5% on a year-over-year basis.

Amphenol declared that its Board of Directors has authorized a share buyback plan on Wednesday, April 24th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 18th will be given a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.88 annualized dividend and a dividend yield of 0.67%. Amphenol's dividend payout ratio is currently 26.91%.

Insider Activity at Amphenol

In other Amphenol news, insider Peter Straub sold 20,000 shares of the company's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of APH. Frazier Financial Advisors LLC acquired a new position in Amphenol in the fourth quarter valued at $29,000. Mendota Financial Group LLC purchased a new position in shares of Amphenol during the 4th quarter worth about $33,000. Venturi Wealth Management LLC boosted its position in shares of Amphenol by 75.5% in the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker's stock worth $33,000 after acquiring an additional 142 shares during the last quarter. Avior Wealth Management LLC grew its holdings in Amphenol by 70.8% in the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker's stock valued at $33,000 after purchasing an additional 138 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in Amphenol during the third quarter worth approximately $34,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.