$1.42 Earnings Per Share Expected for TE Connectivity Ltd (NYSE:TEL) This Quarter

Wall Street analysts predict that TE Connectivity Ltd (NYSE:TEL) will announce $1.42 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for TE Connectivity’s earnings. The lowest EPS estimate is $1.37 and the highest is $1.44. TE Connectivity reported earnings of $1.43 per share during the same quarter last year, which indicates a negative year over year growth rate of 0.7%. The firm is scheduled to report its next earnings report before the market opens on Wednesday, July 24th.

On average, analysts expect that TE Connectivity will report full-year earnings of $5.59 per share for the current financial year, with EPS estimates ranging from $5.50 to $5.62. For the next financial year, analysts forecast that the firm will report earnings of $6.12 per share, with EPS estimates ranging from $5.97 to $6.30. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow TE Connectivity.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.15. The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.36 billion. TE Connectivity had a net margin of 20.17% and a return on equity of 18.78%. TE Connectivity’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.42 earnings per share.

Several equities research analysts recently weighed in on TEL shares. Zacks Investment Research upgraded shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Monday, April 29th. Goldman Sachs Group set a €6.20 ($7.21) price objective on shares of Kloeckner & Co SE and gave the stock a “buy” rating in a research note on Thursday, June 20th. ValuEngine lowered shares of ENN ENERGY HOLD/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Cross Research lowered shares of TE Connectivity from a “buy” rating to a “hold” rating in a research note on Tuesday, July 16th. Finally, HC Wainwright restated a “buy” rating on shares of Ballard Power Systems in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $92.71.

TEL traded up $1.73 on Tuesday, hitting $91.20. 1,520,339 shares of the company’s stock were exchanged, compared to its average volume of 1,459,226. The firm has a market capitalization of $30.26 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 1.55 and a beta of 1.20. TE Connectivity has a twelve month low of $69.84 and a twelve month high of $97.99. The company’s fifty day simple moving average is $92.75. The company has a current ratio of 1.41, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

In other news, insider Terrence R. Curtin sold 128,750 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $94.20, for a total value of $12,128,250.00. Following the completion of the transaction, the insider now directly owns 213,719 shares in the company, valued at $20,132,329.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kevin N. Rock sold 26,803 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $95.04, for a total transaction of $2,547,357.12. Following the completion of the transaction, the insider now owns 67,361 shares of the company’s stock, valued at $6,401,989.44. The disclosure for this sale can be found here. Insiders sold 299,383 shares of company stock worth $28,368,769 in the last 90 days. 0.80% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of TEL. Commonwealth Equity Services LLC boosted its holdings in shares of TE Connectivity by 6.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 14,115 shares of the electronics maker’s stock valued at $1,067,000 after acquiring an additional 804 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of TE Connectivity by 8.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,680,009 shares of the electronics maker’s stock valued at $202,677,000 after acquiring an additional 202,886 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of TE Connectivity by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 3,810,379 shares of the electronics maker’s stock valued at $287,667,000 after acquiring an additional 188,148 shares in the last quarter. QS Investors LLC boosted its holdings in shares of TE Connectivity by 7.0% in the fourth quarter. QS Investors LLC now owns 9,148 shares of the electronics maker’s stock valued at $692,000 after acquiring an additional 600 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in shares of TE Connectivity by 7.3% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 4,572 shares of the electronics maker’s stock valued at $346,000 after acquiring an additional 313 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

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.

Further Reading: Institutional Investors

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

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