Amphenol Co. (APH) Releases Q1 Earnings Guidance

Amphenol Co. (APH) Releases Q1 Earnings GuidanceAmphenol Co. (NYSE:APH) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.55-0.57 for the period, compared to the Thomson Reuters consensus estimate of $0.58, ARN1 reports. The company issued revenue guidance of $1.38-1.42 billion, compared to the consensus revenue estimate of $1.41 billion.Amphenol also updated its FY16 guidance to $2.54-2.62 EPS.

Several equities research analysts have commented on the stock. Zacks Investment Research2 raised shares of Amphenol from a sell rating to a hold rating in a research report on Wednesday, December 2nd. Deutsche Bank reissued a buy rating and set a $60.00 price target on shares of Amphenol in a research report on Tuesday, November 17th. Goldman Sachs raised shares of Amphenol from a neutral rating to a buy rating and boosted their price target for the stock from $52.00 to $60.00 in a research report on Monday, November 16th. Finally, Drexel Hamilton assumed coverage on shares of Amphenol in a research report on Tuesday, December 15th. They set a hold rating and a $52.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Amphenol has an average rating of Buy and a consensus price target of $55.10.

Amphenol Co. (NYSE:APH3) opened at 47.78 on Friday. Amphenol Co. has a 12-month low of $44.50 and a 12-month high of $60.54. The firm has a 50-day moving average of $50.92 and a 200 day moving average of $52.95. The company has a market capitalization of $14.73 billion and a PE ratio of 19.98.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 20th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters consensus estimate of $0.59 by $0.04. During the same quarter in the previous year, the business earned $0.63 earnings per share. The business earned $1.43 billion during the quarter, compared to the consensus estimate of $1.35 billion. The firm s revenue was up .3% compared to the same quarter last year. Analysts forecast that Amphenol Co. will post $2.56 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 6th. Investors of record on Tuesday, December 15th were paid a $0.14 dividend. The ex-dividend date was Friday, December 11th. This represents a $0.56 annualized dividend and a dividend yield of 1.17%. In related news, SVP Gary Anderson sold 250,000 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $55.01, for a total value of $13,752,500.00. Following the completion of the transaction, the senior vice president now directly owns 110,000 shares in the company, valued at approximately $6,051,100.

The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink4. Also, CFO Craig A. Lampo sold 22,000 shares of the stock in a transaction dated Tuesday, December 8th. The stock was sold at an average price of $54.33, for a total transaction of $1,195,260.00. The disclosure for this sale can be found here5. Amphenol Corporation (NYSE:APH6) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments: Interconnect Products and Assemblies, and Cable Products and Solutions.

The Interconnect Products and Assemblies segment primarily designs, manufacturers and markets a range of connector and connector systems, value-add products and other products, including antennas and sensors, used in a range of applications in a diverse set of end markets. The Cable Products and Solutions segment primarily designs, manufacturers and markets cable, value-added products and components for use primarily in the broadband communications and information technology markets, as well as certain applications in other markets. document.write( Amphenol Co. (APH) Releases Q1 Earnings Guidance );

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References

  1. ^ ARN (www.marketbeat.com)
  2. ^ Zacks Investment Research (www.zacks.com)
  3. ^ NYSE:APH (www.marketbeat.com)
  4. ^ this hyperlink (www.sec.gov)
  5. ^ here (www.sec.gov)
  6. ^ NYSE:APH (www.marketbeat.com)
  7. ^ MarketBeat.com’s FREE daily email newsletter (zolmax.com)

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