$1.27 Earnings Per Share Expected for TE Connectivity Ltd (TEL) This Quarter

Equities analysts expect TE Connectivity Ltd (NYSE:TEL) to announce earnings per share (EPS) of $1.27 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for TE Connectivity’s earnings, with estimates ranging from $1.26 to $1.29. TE Connectivity posted earnings per share of $1.42 in the same quarter last year, which indicates a negative year over year growth rate of 10.6%. The firm is expected to issue its next earnings results before the market opens on Wednesday, April 24th.

According to Zacks, analysts expect that TE Connectivity will report full year earnings of $5.44 per share for the current financial year, with EPS estimates ranging from $5.32 to $5.52. For the next fiscal year, analysts forecast that the company will post earnings of $6.04 per share, with EPS estimates ranging from $5.91 to $6.35. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for TE Connectivity.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, January 23rd. The electronics maker reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.01. TE Connectivity had a return on equity of 19.22% and a net margin of 20.06%. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same period in the prior year, the company earned $1.40 earnings per share. TE Connectivity’s revenue was up .3% compared to the same quarter last year.

Several equities analysts have weighed in on TEL shares. ValuEngine raised TE Connectivity from a “sell” rating to a “hold” rating in a report on Tuesday, March 26th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $92.00 price target on shares of TE Connectivity in a report on Sunday, January 6th. Robert W. Baird reaffirmed a “hold” rating and issued a $79.00 price target on shares of TE Connectivity in a report on Sunday, January 6th. Finally, Zacks Investment Research raised TE Connectivity from a “sell” rating to a “hold” rating in a report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $94.14.

In other news, SVP Eric Resch sold 34,050 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Heath A. Mitts sold 12,908 shares of the firm’s stock in a transaction 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 disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Riverview Trust Co purchased a new stake in shares of TE Connectivity in the fourth quarter worth $25,000. Taylor Hoffman Wealth Management raised its position in TE Connectivity by 432.8% during the fourth quarter. Taylor Hoffman Wealth Management now owns 357 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 290 shares in the last quarter. Legacy Advisors LLC purchased a new stake in TE Connectivity during the first quarter valued at about $33,000. Oregon Public Employees Retirement Fund raised its position in TE Connectivity by 7,370.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,870,688 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 2,832,263 shares in the last quarter. Finally, Patten Group Inc. purchased a new stake in TE Connectivity during the fourth quarter valued at about $41,000. Institutional investors own 91.41% of the company’s stock.

Shares of NYSE TEL opened at $89.43 on Tuesday. TE Connectivity has a 1-year low of $69.84 and a 1-year high of $101.59. The firm has a market cap of $30.16 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.50 and a beta of 1.03. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.55 and a quick ratio of 0.98.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensors solutions in Europe, the Middle East, Africa, the Asia–Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

Recommended Story: Why is Cost of Capital Important?

Get a free copy of the Zacks research report on TE Connectivity (TEL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for TE Connectivity (NYSE:TEL)

Receive News & Ratings for TE Connectivity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TE Connectivity and related companies with MarketBeat.com's FREE daily email newsletter.