Jefferies Financial Group Research Analysts Lower Earnings Estimates for Amphenol Co. (NYSE:APH)

Amphenol Co. (NYSE:APHGet Rating) – Jefferies Financial Group cut their FY2022 earnings per share (EPS) estimates for shares of Amphenol in a report issued on Sunday, January 22nd. Jefferies Financial Group analyst D. Kelley now forecasts that the electronics maker will post earnings of $2.98 per share for the year, down from their prior estimate of $2.99. Jefferies Financial Group currently has a “Hold” rating and a $88.00 price objective on the stock. The consensus estimate for Amphenol’s current full-year earnings is $2.97 per share. Jefferies Financial Group also issued estimates for Amphenol’s Q4 2022 earnings at $0.75 EPS, Q3 2023 earnings at $0.81 EPS and FY2023 earnings at $3.01 EPS.

Several other equities research analysts have also commented on APH. StockNews.com lowered Amphenol from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. JPMorgan Chase & Co. upped their target price on Amphenol from $86.00 to $97.00 and gave the company an “overweight” rating in a research report on Monday, October 10th. Truist Financial upped their price target on Amphenol from $84.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Credit Suisse Group started coverage on Amphenol in a research note on Monday, December 12th. They set an “outperform” rating and a $93.00 price target on the stock. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $85.82.

Amphenol Trading Up 0.7 %

NYSE APH opened at $79.44 on Wednesday. The business’s 50-day moving average price is $78.57 and its two-hundred day moving average price is $75.07. Amphenol has a 12 month low of $61.67 and a 12 month high of $82.86. The firm has a market capitalization of $47.27 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24. The company has a current ratio of 2.38, a quick ratio of 1.60 and a debt-to-equity ratio of 0.72.

Amphenol (NYSE:APHGet Rating) last released its quarterly earnings results on Wednesday, October 26th. The electronics maker reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.05. Amphenol had a return on equity of 28.02% and a net margin of 14.98%. The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the previous year, the company posted $0.65 EPS. The business’s revenue was up 16.9% on a year-over-year basis.

Insider Transactions at Amphenol

In other news, VP Lance E. D’amico sold 40,000 shares of the stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $78.79, for a total value of $3,151,600.00. Following the completion of the sale, the vice president now directly owns 25,700 shares of the company’s stock, valued at $2,024,903. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Lance E. D’amico sold 40,000 shares of the stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $78.79, for a total transaction of $3,151,600.00. Following the completion of the sale, the vice president now directly owns 25,700 shares of the company’s stock, valued at $2,024,903. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William J. Doherty sold 127,000 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $79.82, for a total value of $10,137,140.00. Following the sale, the insider now directly owns 204,412 shares of the company’s stock, valued at $16,316,165.84. The disclosure for this sale can be found here. Insiders sold a total of 242,000 shares of company stock valued at $19,290,240 over the last ninety days. 2.10% of the stock is currently owned by insiders.

Institutional Trading of Amphenol

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vontobel Holding Ltd. grew its holdings in Amphenol by 8.2% during the first quarter. Vontobel Holding Ltd. now owns 13,325 shares of the electronics maker’s stock valued at $1,022,000 after purchasing an additional 1,006 shares during the period. Sei Investments Co. grew its holdings in Amphenol by 4.0% during the first quarter. Sei Investments Co. now owns 168,360 shares of the electronics maker’s stock valued at $12,716,000 after purchasing an additional 6,405 shares during the period. Canada Pension Plan Investment Board grew its holdings in Amphenol by 56.7% during the first quarter. Canada Pension Plan Investment Board now owns 264,188 shares of the electronics maker’s stock valued at $19,906,000 after purchasing an additional 95,613 shares during the period. Prudential PLC bought a new position in Amphenol during the first quarter valued at $857,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Amphenol in the first quarter worth $245,000. 94.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Company Profile

(Get Rating)

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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