Amphenol (NYSE:APH) Announces Earnings Results, Beats Estimates By $0.07 EPS

Amphenol (NYSE:APH - Get Free Report) posted its earnings results on Wednesday. The electronics maker reported $0.80 EPS for the quarter, topping the consensus estimate of $0.73 by $0.07, Briefing.com reports. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.10 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. Amphenol's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. Amphenol updated its Q2 guidance to $0.79-0.81 EPS and its Q2 2024 guidance to 0.790-0.810 EPS.

Amphenol Stock Up 2.3 %

APH traded up $2.69 on Thursday, hitting $119.00. 4,254,558 shares of the company were exchanged, compared to its average volume of 2,871,129. The firm has a 50-day moving average price of $111.74 and a two-hundred day moving average price of $99.44. The company has a market cap of $71.59 billion, a price-to-earnings ratio of 38.26, a price-to-earnings-growth ratio of 3.06 and a beta of 1.30. Amphenol has a twelve month low of $72.00 and a twelve month high of $119.59. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.47.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, March 18th. This represents a $0.88 annualized dividend and a yield of 0.74%. Amphenol's payout ratio is 28.30%.

Insider Transactions at Amphenol

In other news, VP Lance E. D'amico sold 15,000 shares of the company's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the completion of the transaction, the vice president now directly owns 25,700 shares of the company's stock, valued at approximately $2,692,075. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Lance E. D'amico sold 15,000 shares of the business's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the completion of the sale, the vice president now directly owns 25,700 shares of the company's stock, valued at approximately $2,692,075. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 100,000 shares of the business's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $104.67, for a total value of $10,467,000.00. Following the completion of the sale, the chief financial officer now directly owns 147,045 shares of the company's stock, valued at $15,391,200.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 305,000 shares of company stock valued at $31,846,050. 1.80% of the stock is currently owned by corporate insiders.

Amphenol declared that its board has approved a stock buyback program on Wednesday, April 24th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the electronics maker to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts recently commented on APH shares. Robert W. Baird raised their target price on Amphenol from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday. Evercore ISI raised their target price on Amphenol from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday. Citigroup raised their price objective on Amphenol from $117.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, April 4th. Stifel Nicolaus raised their price objective on Amphenol from $88.00 to $95.00 and gave the company a "hold" rating in a report on Thursday, January 25th. Finally, Truist Financial raised their price objective on Amphenol from $121.00 to $136.00 and gave the company a "buy" rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $118.83.

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.