Amphenol Co. (NYSE:APH – Free Report) – Investment analysts at Zacks Research dropped their Q3 2023 EPS estimates for shares of Amphenol in a report released on Tuesday, July 11th. Zacks Research analyst A. Ganguly now forecasts that the electronics maker will post earnings per share of $0.71 for the quarter, down from their previous estimate of $0.72. The consensus estimate for Amphenol’s current full-year earnings is $2.84 per share. Zacks Research also issued estimates for Amphenol’s Q4 2023 earnings at $0.75 EPS, FY2023 earnings at $2.82 EPS, Q2 2024 earnings at $0.70 EPS, Q3 2024 earnings at $0.78 EPS, Q4 2024 earnings at $0.83 EPS, FY2024 earnings at $3.05 EPS, Q2 2025 earnings at $0.75 EPS and FY2025 earnings at $3.26 EPS.
Other research analysts have also issued research reports about the stock. Credit Suisse Group lowered shares of Amphenol from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $91.00 to $77.00 in a research note on Thursday, May 18th. StockNews.com initiated coverage on shares of Amphenol in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Bank of America raised their target price on shares of Amphenol from $82.00 to $90.00 in a research note on Friday, June 23rd. Finally, Robert W. Baird reduced their target price on shares of Amphenol from $91.00 to $87.00 in a research note on Thursday, April 27th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $88.86.
Amphenol Trading Up 0.8 %
Amphenol (NYSE:APH – Get Free Report) last posted its quarterly earnings data on Wednesday, April 26th. The electronics maker reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.02. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Amphenol had a net margin of 15.15% and a return on equity of 27.10%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 EPS.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the stock. Community Trust & Investment Co. lifted its stake in Amphenol by 0.8% in the second quarter. Community Trust & Investment Co. now owns 120,216 shares of the electronics maker’s stock valued at $10,212,000 after buying an additional 941 shares in the last quarter. Country Trust Bank lifted its stake in Amphenol by 9.2% in the second quarter. Country Trust Bank now owns 541,883 shares of the electronics maker’s stock valued at $46,033,000 after buying an additional 45,694 shares in the last quarter. Norway Savings Bank raised its holdings in shares of Amphenol by 4.1% in the second quarter. Norway Savings Bank now owns 27,631 shares of the electronics maker’s stock valued at $2,347,000 after purchasing an additional 1,100 shares during the last quarter. Czech National Bank raised its holdings in shares of Amphenol by 0.6% in the second quarter. Czech National Bank now owns 70,473 shares of the electronics maker’s stock valued at $5,987,000 after purchasing an additional 426 shares during the last quarter. Finally, AE Wealth Management LLC raised its holdings in shares of Amphenol by 801.9% in the second quarter. AE Wealth Management LLC now owns 54,790 shares of the electronics maker’s stock valued at $4,654,000 after purchasing an additional 48,715 shares during the last quarter. Institutional investors own 94.93% of the company’s stock.
Insider Buying and Selling
In related news, insider Jean-Luc Gavelle sold 184,100 shares of Amphenol stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $74.67, for a total transaction of $13,746,747.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.22% of the stock is owned by insiders.
Amphenol Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Tuesday, June 20th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Friday, June 16th. Amphenol’s payout ratio is 27.18%.
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.
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