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

TE Connectivity (NYSE:TELGet Rating) will be posting its quarterly earnings results before the market opens on Wednesday, April 27th. Analysts expect TE Connectivity to post earnings of $1.71 per share for the quarter. TE Connectivity has set its Q2 guidance at ~$1.70 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

TE Connectivity (NYSE:TELGet Rating) last issued its quarterly earnings results on Wednesday, January 26th. The electronics maker reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.14. TE Connectivity had a return on equity of 21.87% and a net margin of 16.07%. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same period last year, the business posted $1.47 EPS. The business’s revenue was up 8.4% compared to the same quarter last year. On average, analysts expect TE Connectivity to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Shares of TE Connectivity stock opened at $124.38 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.03 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $133.22 and a two-hundred day moving average price of $146.86. TE Connectivity has a 1-year low of $120.73 and a 1-year high of $166.44. The company has a market cap of $40.59 billion, a P/E ratio of 16.88, a PEG ratio of 1.62 and a beta of 1.32.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 3rd. Shareholders of record on Friday, February 17th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, February 16th. This represents a $2.24 dividend on an annualized basis and a yield of 1.80%. TE Connectivity’s payout ratio is currently 27.14%.

Several institutional investors have recently bought and sold shares of the business. Vident Investment Advisory LLC lifted its position in shares of TE Connectivity by 221.5% during the 4th quarter. Vident Investment Advisory LLC now owns 12,106 shares of the electronics maker’s stock worth $1,954,000 after buying an additional 8,341 shares in the last quarter. Raleigh Capital Management Inc. bought a new position in shares of TE Connectivity during the 4th quarter worth approximately $169,000. Toroso Investments LLC lifted its position in shares of TE Connectivity by 54.6% during the 4th quarter. Toroso Investments LLC now owns 14,320 shares of the electronics maker’s stock worth $2,310,000 after buying an additional 5,059 shares in the last quarter. Zullo Investment Group Inc. bought a new position in shares of TE Connectivity during the 4th quarter worth approximately $276,000. Finally, California State Teachers Retirement System lifted its position in shares of TE Connectivity by 36.8% during the 4th quarter. California State Teachers Retirement System now owns 404,821 shares of the electronics maker’s stock worth $65,314,000 after buying an additional 109,004 shares in the last quarter. 89.44% of the stock is currently owned by hedge funds and other institutional investors.

TEL has been the subject of several research reports. Morgan Stanley raised their target price on TE Connectivity from $162.00 to $167.00 and gave the company an “equal weight” rating in a research note on Thursday, January 27th. The Goldman Sachs Group raised their target price on TE Connectivity from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, January 10th. JPMorgan Chase & Co. raised their target price on TE Connectivity from $170.00 to $176.00 in a research note on Thursday, January 20th. StockNews.com initiated coverage on TE Connectivity in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Truist Financial reduced their target price on TE Connectivity from $144.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, April 8th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, TE Connectivity presently has a consensus rating of “Buy” and a consensus price target of $159.87.

TE Connectivity Company Profile (Get Rating)

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

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Earnings History for TE Connectivity (NYSE:TEL)

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