TE Connectivity (TEL) Set to Announce Quarterly Earnings on Wednesday

TE Connectivity (NYSE:TEL - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.82 per share for the quarter. TE Connectivity has set its Q2 guidance at ~$1.82 EPS.Parties interested in registering for the company's conference call can do so using this link.

TE Connectivity (NYSE:TEL - Get Free Report) last released its earnings results on Wednesday, January 24th. The electronics maker reported $1.84 EPS for the quarter, topping analysts' consensus estimates of $1.71 by $0.13. The company had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.87 billion. TE Connectivity had a return on equity of 18.93% and a net margin of 20.69%. The business's revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.53 EPS. On average, analysts expect TE Connectivity to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

TE Connectivity Stock Performance

TEL traded down $1.37 during trading on Wednesday, hitting $141.48. 1,865,297 shares of the company traded hands, compared to its average volume of 2,104,117. The firm has a market cap of $43.97 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 2.02 and a beta of 1.39. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 0.27. TE Connectivity has a one year low of $115.00 and a one year high of $147.98. The stock's fifty day moving average is $142.78 and its 200 day moving average is $135.32.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Friday, February 21st. TE Connectivity's dividend payout ratio is currently 22.39%.

Insider Buying and Selling at TE Connectivity

In related news, insider Steven T. Merkt sold 99,777 shares of the firm's stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $144.00, for a total value of $14,367,888.00. Following the sale, the insider now directly owns 30,459 shares of the company's stock, valued at $4,386,096. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.86% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. bought a new position in TE Connectivity during the fourth quarter valued at approximately $209,000. State of Wyoming purchased a new position in shares of TE Connectivity in the fourth quarter worth about $196,000. Johnson Financial Group Inc. lifted its stake in shares of TE Connectivity by 9.0% in the 1st quarter. Johnson Financial Group Inc. now owns 1,361 shares of the electronics maker's stock valued at $178,000 after acquiring an additional 112 shares during the last quarter. Belpointe Asset Management LLC boosted its holdings in TE Connectivity by 14.8% during the 1st quarter. Belpointe Asset Management LLC now owns 1,327 shares of the electronics maker's stock valued at $174,000 after acquiring an additional 171 shares during the period. Finally, Pin Oak Investment Advisors Inc. grew its position in TE Connectivity by 92.9% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 1,094 shares of the electronics maker's stock worth $153,000 after acquiring an additional 527 shares during the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Truist Financial increased their price objective on TE Connectivity from $148.00 to $153.00 and gave the company a "hold" rating in a report on Thursday, January 25th. Jefferies Financial Group started coverage on shares of TE Connectivity in a research note on Tuesday, April 9th. They issued a "buy" rating and a $180.00 target price for the company. StockNews.com began coverage on shares of TE Connectivity in a research report on Sunday. They issued a "buy" rating on the stock. The Goldman Sachs Group reaffirmed a "buy" rating on shares of TE Connectivity in a report on Monday, April 1st. Finally, Citigroup assumed coverage on TE Connectivity in a research note on Friday, January 5th. They set a "neutral" rating and a $146.00 price objective on the stock. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $153.30.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.