Brokerages predict that TE Connectivity Ltd (NYSE:TEL) will post sales of $3.11 billion for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for TE Connectivity’s earnings. The highest sales estimate is $3.14 billion and the lowest is $3.08 billion. TE Connectivity reported sales of $3.35 billion in the same quarter last year, which would suggest a negative year over year growth rate of 7.2%. The business is expected to report its next quarterly earnings report on Wednesday, January 22nd.
On average, analysts expect that TE Connectivity will report full year sales of $13.00 billion for the current year, with estimates ranging from $12.97 billion to $13.04 billion. For the next fiscal year, analysts anticipate that the business will report sales of $13.67 billion, with estimates ranging from $13.41 billion to $14.05 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover TE Connectivity.
TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, October 30th. The electronics maker reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. TE Connectivity had a net margin of 13.71% and a return on equity of 18.20%. The business had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the previous year, the firm posted $1.35 EPS. The firm’s revenue was down 6.0% on a year-over-year basis.
NYSE:TEL opened at $92.71 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32. TE Connectivity has a 12 month low of $69.84 and a 12 month high of $97.99. The company has a market cap of $31.38 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.71 and a beta of 1.15. The company has a 50 day simple moving average of $92.58 and a two-hundred day simple moving average of $91.65.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.98%. The ex-dividend date is Thursday, November 21st. TE Connectivity’s payout ratio is currently 33.15%.
A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in TE Connectivity by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 25,331,319 shares of the electronics maker’s stock worth $2,426,234,000 after purchasing an additional 86,271 shares in the last quarter. BlackRock Inc. lifted its stake in TE Connectivity by 4.3% in the 2nd quarter. BlackRock Inc. now owns 16,809,367 shares of the electronics maker’s stock worth $1,610,001,000 after purchasing an additional 698,506 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in TE Connectivity by 7.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 14,659,858 shares of the electronics maker’s stock worth $1,404,121,000 after purchasing an additional 953,793 shares in the last quarter. State Street Corp lifted its stake in TE Connectivity by 0.9% in the 3rd quarter. State Street Corp now owns 12,623,826 shares of the electronics maker’s stock worth $1,176,288,000 after purchasing an additional 118,481 shares in the last quarter. Finally, EdgePoint Investment Group Inc. lifted its stake in TE Connectivity by 3.9% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 8,214,811 shares of the electronics maker’s stock worth $786,815,000 after purchasing an additional 310,824 shares in the last quarter. Institutional investors and hedge funds own 90.50% of the company’s stock.
About TE Connectivity
TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensors solutions in Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
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