Amphenol (NYSE:APH) Announces Earnings Results

Amphenol (NYSE:APH) posted its quarterly earnings data on Wednesday. The electronics maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03, Briefing.com reports. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 earnings per share. Amphenol updated its Q3 guidance to $0.43-0.45 EPS and its Q3 2024 guidance to 0.430-0.450 EPS.

Amphenol Stock Up 2.0 %

APH stock opened at $63.00 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.43. The stock has a market capitalization of $75.68 billion, a P/E ratio of 37.77, a P/E/G ratio of 2.89 and a beta of 1.25. The business has a 50-day moving average of $67.30 and a 200-day moving average of $59.39. Amphenol has a fifty-two week low of $39.34 and a fifty-two week high of $70.84.

Amphenol Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.66 annualized dividend and a dividend yield of 1.05%. Amphenol’s dividend payout ratio is currently 26.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. TD Cowen boosted their price objective on Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a research note on Thursday, June 6th. Truist Financial upped their price objective on Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group initiated coverage on Amphenol in a report on Tuesday, April 9th. They issued a “hold” rating and a $62.50 price objective for the company. Evercore ISI reiterated an “outperform” rating on shares of Amphenol in a report on Thursday, June 13th. Finally, JPMorgan Chase & Co. upped their price objective on Amphenol from $62.50 to $65.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average price target of $65.35.

Insider Transactions at Amphenol

In other news, insider Luc Walter sold 230,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $67.57, for a total transaction of $15,541,100.00. Following the completion of the transaction, the insider now directly owns 397,280 shares of the company’s stock, valued at $26,844,209.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by insiders.

Amphenol declared that its board has authorized a stock repurchase program on Wednesday, April 24th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the electronics maker to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Amphenol Company Profile

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.