Amphenol Co. (APH) Releases Q1 Earnings Guidance
Amphenol 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( );
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