TE Connectivity (NYSE:TEL – Get Free Report) posted its quarterly earnings results on Wednesday. The electronics maker reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05, Briefing.com reports. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the business posted $1.77 earnings per share. The company’s revenue was up .1% on a year-over-year basis. TE Connectivity updated its Q4 2024 guidance to 1.940-1.940 EPS and its Q4 guidance to $1.94 EPS.
TE Connectivity Stock Down 1.5 %
Shares of TEL traded down $2.31 on Thursday, hitting $154.54. 2,566,137 shares of the stock traded hands, compared to its average volume of 1,974,361. The company has a market capitalization of $47.32 billion, a PE ratio of 14.30, a P/E/G ratio of 2.07 and a beta of 1.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.45. The business has a 50 day simple moving average of $151.06 and a 200 day simple moving average of $144.88. TE Connectivity has a one year low of $115.00 and a one year high of $159.98.
Insider Activity at TE Connectivity
In related news, insider Aaron Kyle Stucki sold 8,750 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $155.00, for a total transaction of $1,356,250.00. Following the completion of the sale, the insider now owns 20,556 shares of the company’s stock, valued at $3,186,180. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Aaron Kyle Stucki sold 8,750 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $155.00, for a total transaction of $1,356,250.00. Following the completion of the sale, the insider now owns 20,556 shares of the company’s stock, valued at $3,186,180. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shadrak W. Kroeger sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $149.86, for a total transaction of $749,300.00. Following the sale, the insider now directly owns 25,976 shares of the company’s stock, valued at approximately $3,892,763.36. The disclosure for this sale can be found here. Insiders sold 20,794 shares of company stock valued at $3,102,206 over the last 90 days. Corporate insiders own 0.86% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on TEL
About TE Connectivity
TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor 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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