Analysts Expect Amphenol Co. (APH) Will Post Quarterly Sales of $2.10 Billion

Analysts expect Amphenol Co. (NYSE:APH) to report sales of $2.10 billion for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Amphenol’s earnings, with estimates ranging from $2.08 billion to $2.11 billion. Amphenol reported sales of $1.94 billion in the same quarter last year, which indicates a positive year over year growth rate of 8.2%. The company is expected to report its next earnings report before the market opens on Wednesday, January 23rd.

According to Zacks, analysts expect that Amphenol will report full-year sales of $8.07 billion for the current year, with estimates ranging from $8.06 billion to $8.09 billion. For the next financial year, analysts expect that the firm will report sales of $8.36 billion, with estimates ranging from $8.18 billion to $8.47 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Amphenol.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 24th. The electronics maker reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.06. Amphenol had a return on equity of 28.57% and a net margin of 9.64%. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the firm posted $0.83 EPS. The firm’s quarterly revenue was up 15.7% on a year-over-year basis.

A number of analysts have recently commented on APH shares. Zacks Investment Research raised Amphenol from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research note on Monday, December 3rd. Morgan Stanley dropped their price objective on Amphenol from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 3rd. ValuEngine downgraded Amphenol from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, Goldman Sachs Group raised Amphenol from a “neutral” rating to a “buy” rating and set a $108.00 price objective on the stock in a research note on Tuesday, October 9th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Amphenol currently has a consensus rating of “Hold” and an average price target of $95.60.

In other news, VP Richard Gu sold 2,000 shares of the company’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $87.00, for a total transaction of $174,000.00. Following the completion of the sale, the vice president now owns 3,000 shares in the company, valued at approximately $261,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.34% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cobiz Wealth LLC raised its holdings in Amphenol by 0.3% in the 4th quarter. Cobiz Wealth LLC now owns 72,067 shares of the electronics maker’s stock valued at $5,839,000 after acquiring an additional 203 shares in the last quarter. Contravisory Investment Management Inc. raised its holdings in shares of Amphenol by 5.5% in the 4th quarter. Contravisory Investment Management Inc. now owns 4,619 shares of the electronics maker’s stock worth $374,000 after buying an additional 242 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Amphenol by 0.7% in the 4th quarter. State of Alaska Department of Revenue now owns 53,522 shares of the electronics maker’s stock worth $4,335,000 after buying an additional 394 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services raised its holdings in shares of Amphenol by 0.8% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 54,374 shares of the electronics maker’s stock worth $4,406,000 after buying an additional 415 shares in the last quarter. Finally, Chesley Taft & Associates LLC raised its holdings in shares of Amphenol by 0.7% in the 4th quarter. Chesley Taft & Associates LLC now owns 83,396 shares of the electronics maker’s stock worth $6,757,000 after buying an additional 560 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

APH stock traded down $1.61 during trading on Friday, reaching $80.88. 1,403,728 shares of the company’s stock were exchanged, compared to its average volume of 1,243,315. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.19 and a current ratio of 1.68. Amphenol has a 1-year low of $74.95 and a 1-year high of $97.56. The firm has a market capitalization of $24.86 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 1.72 and a beta of 0.86.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 8th. Stockholders of record on Monday, December 17th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, December 14th. This represents a $0.92 annualized dividend and a dividend yield of 1.14%. Amphenol’s dividend payout ratio (DPR) is presently 29.49%.

About Amphenol

Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.

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