Analysts Anticipate Amphenol Co. (NYSE:APH) Will Post Quarterly Sales of $2.93 Billion

Equities research analysts expect that Amphenol Co. (NYSE:APH – Get Rating) will announce $2.93 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Amphenol’s earnings, with the lowest sales estimate coming in at $2.92 billion and the highest estimate coming in at $2.94 billion. Amphenol reported sales of $2.65 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 10.6%. The company is expected to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Amphenol will report full year sales of $12.10 billion for the current fiscal year, with estimates ranging from $11.94 billion to $12.20 billion. For the next year, analysts forecast that the company will report sales of $12.60 billion, with estimates ranging from $11.81 billion to $12.99 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Amphenol.

Amphenol (NYSE:APH – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The electronics maker reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.06. Amphenol had a net margin of 14.73% and a return on equity of 26.69%. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the prior year, the business posted $0.52 EPS. The company’s quarterly revenue was up 24.2% on a year-over-year basis.

APH has been the subject of a number of recent research reports. The Goldman Sachs Group increased their price objective on shares of Amphenol from $82.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, January 10th. Citigroup dropped their target price on shares of Amphenol from $100.00 to $90.00 in a report on Thursday, April 28th. Morgan Stanley dropped their target price on shares of Amphenol from $84.00 to $79.00 and set an “equal weight” rating on the stock in a report on Monday, April 25th. Robert W. Baird reaffirmed an “outperform” rating and issued a $85.00 target price on shares of Amphenol in a report on Friday. Finally, StockNews.com began coverage on shares of Amphenol in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Amphenol has a consensus rating of “Buy” and an average target price of $84.40.

A number of institutional investors have recently added to or reduced their stakes in the business. Montag A & Associates Inc. bought a new position in shares of Amphenol during the third quarter worth approximately $26,000. EverSource Wealth Advisors LLC bought a new position in shares of Amphenol during the fourth quarter worth approximately $31,000. Riverview Trust Co bought a new position in shares of Amphenol during the first quarter worth approximately $34,000. Arlington Partners LLC bought a new position in shares of Amphenol during the fourth quarter worth approximately $36,000. Finally, NuWave Investment Management LLC bought a new position in shares of Amphenol during the first quarter worth approximately $38,000. 95.80% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol stock opened at $71.59 on Tuesday. The firm has a 50-day moving average of $73.76 and a 200-day moving average of $78.49. Amphenol has a one year low of $64.13 and a one year high of $88.45. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.55 and a quick ratio of 1.66. The company has a market cap of $42.78 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 2.41 and a beta of 1.26.

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 13th. Shareholders of record on Tuesday, March 22nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 21st. This represents a $0.80 annualized dividend and a yield of 1.12%. Amphenol’s dividend payout ratio is currently 29.74%.

Amphenol Company Profile (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.

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