Q2 2022 EPS Estimates for Amphenol Co. (NYSE:APH) Boosted by Analyst

Amphenol Co. (NYSE:APHGet Rating) – Research analysts at Jefferies Financial Group upped their Q2 2022 earnings estimates for Amphenol in a report released on Thursday, April 28th. Jefferies Financial Group analyst D. Kelley now forecasts that the electronics maker will earn $0.68 per share for the quarter, up from their prior estimate of $0.66. Jefferies Financial Group also issued estimates for Amphenol’s FY2023 earnings at $3.06 EPS.

Amphenol (NYSE:APHGet Rating) last posted its earnings results on Wednesday, April 27th. The electronics maker reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.76 billion. Amphenol had a net margin of 14.63% and a return on equity of 26.17%. The firm’s revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com started coverage on shares of Amphenol in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Cowen lowered Amphenol from an “outperform” rating to a “market perform” rating and set a $80.00 price target for the company. in a research note on Friday, January 7th. The Goldman Sachs Group lifted their price target on Amphenol from $82.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, January 10th. Citigroup cut their price target on shares of Amphenol from $100.00 to $90.00 in a report on Thursday. Finally, Morgan Stanley reduced their target price on Amphenol from $84.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $83.90.

Shares of APH opened at $73.55 on Friday. Amphenol has a one year low of $64.13 and a one year high of $88.45. The firm has a market capitalization of $43.95 billion, a P/E ratio of 28.96, a PEG ratio of 2.32 and a beta of 1.26. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.43 and a quick ratio of 1.66. The business has a fifty day moving average of $73.93 and a 200 day moving average of $78.50.

A number of institutional investors have recently made changes to their positions in APH. State Street Corp boosted its holdings in Amphenol by 1.6% in the 4th quarter. State Street Corp now owns 25,762,015 shares of the electronics maker’s stock valued at $2,258,223,000 after purchasing an additional 400,777 shares during the last quarter. Alliancebernstein L.P. raised its position in Amphenol by 5.4% in the fourth quarter. Alliancebernstein L.P. now owns 16,989,050 shares of the electronics maker’s stock valued at $1,485,863,000 after purchasing an additional 864,918 shares during the period. Geode Capital Management LLC lifted its stake in shares of Amphenol by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 10,681,931 shares of the electronics maker’s stock valued at $931,701,000 after purchasing an additional 336,188 shares during the last quarter. Flossbach Von Storch AG grew its holdings in shares of Amphenol by 3.4% during the 4th quarter. Flossbach Von Storch AG now owns 9,565,569 shares of the electronics maker’s stock worth $836,605,000 after purchasing an additional 315,029 shares during the period. Finally, Mawer Investment Management Ltd. increased its position in shares of Amphenol by 7.3% during the 3rd quarter. Mawer Investment Management Ltd. now owns 8,845,388 shares of the electronics maker’s stock worth $647,748,000 after purchasing an additional 600,465 shares during the last quarter. Hedge funds and other institutional investors own 95.24% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 13th. Stockholders of record on Tuesday, March 22nd were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.09%. Amphenol’s dividend payout ratio (DPR) is presently 31.50%.

About Amphenol (Get Rating)

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.

Featured Stories

Earnings History and Estimates for Amphenol (NYSE:APH)

Receive News & Ratings for Amphenol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol and related companies with MarketBeat.com's FREE daily email newsletter.