Amphenol Co. (NYSE:APH – Get Rating) – Equities research analysts at Jefferies Financial Group reduced their Q1 2023 earnings per share estimates for shares of Amphenol in a report issued on Wednesday, September 28th. Jefferies Financial Group analyst D. Kelley now forecasts that the electronics maker will post earnings of $0.70 per share for the quarter, down from their previous estimate of $0.71. The consensus estimate for Amphenol's current full-year earnings is $2.94 per share. Jefferies Financial Group also issued estimates for Amphenol's Q2 2023 earnings at $0.74 EPS.
Get Amphenol alerts:Amphenol (NYSE:APH – Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The electronics maker reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.07. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.94 billion. Amphenol had a return on equity of 27.28% and a net margin of 15.00%. Amphenol's quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS.
APH has been the topic of a number of other research reports. JPMorgan Chase & Co. upgraded Amphenol from a "neutral" rating to an "overweight" rating and set a $83.00 price objective on the stock in a research note on Thursday, July 14th. StockNews.com upgraded Amphenol from a "hold" rating to a "buy" rating in a research note on Friday, September 16th. UBS Group increased their price target on Amphenol from $88.00 to $93.00 and gave the company a "buy" rating in a research note on Tuesday, August 23rd. Cowen dropped their price target on Amphenol from $80.00 to $73.00 and set a "market perform" rating on the stock in a research note on Friday, July 1st. Finally, Cowen decreased their price objective on Amphenol from $80.00 to $73.00 and set a "market perform" rating on the stock in a report on Friday, July 1st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $83.44.Amphenol Trading Down 2.1 %
NYSE APH opened at $67.92 on Thursday. The stock has a market capitalization of $40.40 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 2.02 and a beta of 1.25. The stock's 50 day moving average price is $74.69 and its two-hundred day moving average price is $71.49. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.65 and a current ratio of 2.45. Amphenol has a 52 week low of $61.67 and a 52 week high of $88.45.
Hedge Funds Weigh In On Amphenol
Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in Amphenol in the 4th quarter worth $466,657,000. Vanguard Group Inc. grew its position in Amphenol by 7.0% in the first quarter. Vanguard Group Inc. now owns 69,178,983 shares of the electronics maker's stock worth $5,212,637,000 after acquiring an additional 4,495,813 shares in the last quarter. Renaissance Technologies LLC grew its position in Amphenol by 256.7% in the second quarter. Renaissance Technologies LLC now owns 2,222,100 shares of the electronics maker's stock worth $143,059,000 after acquiring an additional 1,599,200 shares in the last quarter. FMR LLC grew its position in Amphenol by 2.7% in the second quarter. FMR LLC now owns 51,614,854 shares of the electronics maker's stock worth $3,322,965,000 after acquiring an additional 1,341,887 shares in the last quarter. Finally, Flossbach Von Storch AG grew its position in Amphenol by 10.9% in the first quarter. Flossbach Von Storch AG now owns 10,604,790 shares of the electronics maker's stock worth $799,071,000 after acquiring an additional 1,039,221 shares in the last quarter. 93.50% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, insider Jean-Luc Gavelle sold 122,000 shares of Amphenol stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $77.44, for a total value of $9,447,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jean-Luc Gavelle sold 122,000 shares of the business's stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $77.44, for a total value of $9,447,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D'amico sold 20,000 shares of the company's stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $76.93, for a total value of $1,538,600.00. Following the transaction, the vice president now directly owns 25,700 shares of the company's stock, valued at approximately $1,977,101. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.
Amphenol Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 12th. Investors of record on Tuesday, September 20th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 19th. This represents a $0.80 dividend on an annualized basis and a yield of 1.18%. Amphenol's dividend payout ratio (DPR) is currently 27.97%.
Amphenol Company Profile
(Get Rating)
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.
Featured Stories
- Get a free copy of the StockNews.com research report on Amphenol (APH)
- Humana Proves Vertically Integrated Healthcare Works
- This Small-Cap Healthcare Name Is Outperforming Its Index
- 2 Casino Stocks Worth Taking a Look At
- What Cintas Can Teach Investors About This Bear Market?
- Blackberry Stock Declines As Results Come In Lukewarm Once Again
Receive News & Ratings for Amphenol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol and related companies with MarketBeat.com's FREE daily email newsletter.