TE Connectivity (TEL) Scheduled to Post Quarterly Earnings on Wednesday

TE Connectivity (NYSE:TEL) is scheduled to be issuing its quarterly earnings data 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 that are interested in registering for the company’s conference call can do so using this link.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, January 24th. The electronics maker reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.13. TE Connectivity had a return on equity of 18.93% and a net margin of 20.69%. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same period in the previous year, the company earned $1.53 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. 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 Up 0.5 %

Shares of TEL stock opened at $142.79 on Wednesday. TE Connectivity has a 12 month low of $115.00 and a 12 month high of $147.98. The firm has a market cap of $44.38 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 2.04 and a beta of 1.39. The stock has a 50 day moving average of $142.78 and a 200-day moving average of $135.32. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, February 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.82%. TE Connectivity’s dividend payout ratio (DPR) is presently 22.39%.

Analyst Upgrades and Downgrades

TEL has been the subject of a number of research analyst reports. Jefferies Financial Group initiated coverage on TE Connectivity in a report on Tuesday, April 9th. They set a “buy” rating and a $180.00 price target for the company. Truist Financial upped their target price on TE Connectivity from $148.00 to $153.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Robert W. Baird upped their target price on TE Connectivity from $147.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Citigroup assumed coverage on TE Connectivity in a research note on Friday, January 5th. They issued a “neutral” rating and a $146.00 target price for the company. Finally, JPMorgan Chase & Co. upped their target price on TE Connectivity from $169.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, TE Connectivity has a consensus rating of “Moderate Buy” and an average price target of $153.30.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Steven T. Merkt sold 99,777 shares of the company’s stock in a transaction on Monday, January 29th. The stock was 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 in the company, valued at $4,386,096. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

Institutional Trading of TE Connectivity

A number of large investors have recently bought and sold shares of the stock. FIL Ltd grew its holdings in shares of TE Connectivity by 6.0% during the fourth quarter. FIL Ltd now owns 64,769 shares of the electronics maker’s stock worth $9,100,000 after purchasing an additional 3,653 shares during the last quarter. Burford Brothers Inc. bought a new stake in shares of TE Connectivity during the fourth quarter worth $224,000. SageView Advisory Group LLC bought a new stake in shares of TE Connectivity during the fourth quarter worth $273,000. Mercer Global Advisors Inc. ADV grew its holdings in shares of TE Connectivity by 2.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 72,054 shares of the electronics maker’s stock worth $10,124,000 after purchasing an additional 1,477 shares during the last quarter. Finally, Townsquare Capital LLC bought a new stake in shares of TE Connectivity during the fourth quarter worth $215,000. 91.43% of the stock is currently owned by institutional investors.

About TE Connectivity

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.