TE Connectivity Q4 EPS Forecast Lowered by Zacks Research

TE Connectivity Ltd. (NYSE:TEL) – Zacks Research decreased their Q4 2026 earnings estimates for shares of TE Connectivity in a research report issued to clients and investors on Wednesday, May 14th. Zacks Research analyst A. Ganguly now expects that the electronics maker will earn $2.31 per share for the quarter, down from their prior forecast of $2.34. The consensus estimate for TE Connectivity’s current full-year earnings is $8.05 per share.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.14. The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $3.97 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.86 earnings per share.

A number of other brokerages have also recently weighed in on TEL. Truist Financial dropped their target price on shares of TE Connectivity from $163.00 to $156.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Hsbc Global Res raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 24th. Robert W. Baird increased their price objective on shares of TE Connectivity from $147.00 to $153.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. HSBC raised shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $175.00 price objective on the stock in a report on Thursday, April 24th. Finally, Wells Fargo & Company increased their price objective on shares of TE Connectivity from $148.00 to $156.00 and gave the stock an “equal weight” rating in a report on Monday. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, TE Connectivity presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.30.

TE Connectivity Stock Down 0.7%

Shares of NYSE:TEL opened at $162.92 on Monday. The stock has a market capitalization of $48.31 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24. TE Connectivity has a 1-year low of $116.30 and a 1-year high of $164.11. The company’s fifty day moving average is $142.41 and its two-hundred day moving average is $146.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68.

Hedge Funds Weigh In On TE Connectivity

Several hedge funds have recently made changes to their positions in TEL. SRS Capital Advisors Inc. grew its stake in shares of TE Connectivity by 117.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 107 shares during the last quarter. Costello Asset Management INC acquired a new position in shares of TE Connectivity in the 1st quarter worth approximately $28,000. Millstone Evans Group LLC acquired a new position in shares of TE Connectivity in the 1st quarter worth approximately $32,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of TE Connectivity in the 1st quarter worth approximately $34,000. Finally, Dagco Inc. acquired a new position in shares of TE Connectivity in the first quarter worth about $35,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 20,400 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $162.85, for a total transaction of $3,322,140.00. Following the transaction, the executive vice president now owns 24,625 shares of the company’s stock, valued at approximately $4,010,181.25. This trade represents a 45.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shadrak W. Kroeger sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the transaction, the insider now directly owns 25,976 shares in the company, valued at approximately $3,812,497.52. The trade was a 49.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 174,675 shares of company stock valued at $27,062,559. Company insiders own 0.90% of the company’s stock.

TE Connectivity Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.71 per share. This is a boost from TE Connectivity’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.84 annualized dividend and a yield of 1.74%. TE Connectivity’s dividend payout ratio (DPR) is presently 62.42%.

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.