TE Connectivity (NYSE:TEL) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $5.55-5.65 for the period, compared to the Thomson Reuters consensus estimate of $5.43. The company issued revenue guidance of $13.55-13.75 billion, compared to the consensus revenue estimate of $13.68 billion.TE Connectivity also updated its FY 2019 guidance to $5.55-5.65 EPS.
Shares of TE Connectivity stock traded down $0.66 on Friday, reaching $94.85. 84,799 shares of the company were exchanged, compared to its average volume of 1,662,265. TE Connectivity has a 1-year low of $69.84 and a 1-year high of $99.52. The company has a market cap of $30.43 billion, a PE ratio of 16.91, a P/E/G ratio of 1.54 and a beta of 1.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 1.55.
TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.15. TE Connectivity had a return on equity of 19.22% and a net margin of 20.06%. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same period in the previous year, the company posted $1.42 earnings per share. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, sell-side analysts predict that TE Connectivity will post 5.44 earnings per share for the current fiscal year.
In related news, CFO Heath A. Mitts sold 12,908 shares of the company’s stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $83.05, for a total value of $1,072,009.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Eric Resch sold 34,050 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $82.70, for a total value of $2,815,935.00. Following the completion of the transaction, the senior vice president now directly owns 68,790 shares of the company’s stock, valued at $5,688,933. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.
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About TE Connectivity
TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensors 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.
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