Amphenol (NYSE:APH - Get Free Report) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.790-0.810 for the period, compared to the consensus earnings per share estimate of 0.790. The company issued revenue guidance of $3.2 billion-$3.3 billion, compared to the consensus revenue estimate of $3.3 billion. Amphenol also updated its Q2 guidance to $0.79-0.81 EPS.
Amphenol Stock Performance
Shares of NYSE:APH traded up $2.05 during midday trading on Wednesday, reaching $116.31. 7,624,930 shares of the company's stock traded hands, compared to its average volume of 2,853,614. The company has a market cap of $69.97 billion, a price-to-earnings ratio of 37.40, a P/E/G ratio of 3.00 and a beta of 1.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17. Amphenol has a one year low of $72.00 and a one year high of $119.59. The stock has a 50 day moving average of $111.48 and a 200 day moving average of $99.30.
Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.16 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The company's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 earnings per share. As a group, equities research analysts anticipate that Amphenol will post 3.28 EPS for the current fiscal year.
Amphenol Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Monday, March 18th. Amphenol's dividend payout ratio is 28.30%.
Amphenol declared that its board has authorized a share repurchase plan on Wednesday, April 24th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the electronics maker to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. The Goldman Sachs Group upped their price target on Amphenol from $107.00 to $119.00 and gave the stock a buy rating in a research report on Thursday, January 25th. Bank of America upped their price target on Amphenol from $117.00 to $121.00 and gave the stock a buy rating in a research report on Thursday, April 18th. Evercore ISI upped their price target on Amphenol from $110.00 to $125.00 and gave the stock an outperform rating in a research report on Monday, March 25th. Jefferies Financial Group assumed coverage on Amphenol in a research report on Tuesday, April 9th. They issued a hold rating and a $125.00 price target for the company. Finally, Robert W. Baird upped their price target on Amphenol from $100.00 to $106.00 and gave the stock an outperform rating in a research report on Thursday, January 25th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Amphenol presently has an average rating of Moderate Buy and a consensus price target of $113.75.
Check Out Our Latest Research Report on Amphenol
Insider Activity at Amphenol
In related news, insider William J. Doherty sold 170,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider William J. Doherty sold 170,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter Straub sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 305,000 shares of company stock valued at $31,846,050. Insiders own 1.80% of the company's stock.
About Amphenol
(
Get Free Report)
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.
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