Amphenol (NYSE:APH) Releases Q2 2024 Earnings Guidance

Amphenol (NYSE:APH) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.790-0.810 for the period, compared to the consensus estimate of 0.790. The company issued revenue guidance of $3.2 billion-$3.3 billion, compared to the consensus revenue estimate of $3.3 billion. Amphenol also updated its Q2 guidance to $0.79-0.81 EPS.

Analyst Ratings Changes

A number of analysts have recently commented on APH shares. JPMorgan Chase & Co. upped their price objective on Amphenol from $125.00 to $130.00 and gave the stock an overweight rating in a report on Thursday. Robert W. Baird boosted their target price on Amphenol from $123.00 to $124.00 and gave the stock an outperform rating in a report on Thursday. Evercore ISI upped their price target on Amphenol from $125.00 to $130.00 and gave the company an outperform rating in a report on Thursday. Stifel Nicolaus lifted their price objective on shares of Amphenol from $88.00 to $95.00 and gave the stock a hold rating in a research report on Thursday, January 25th. Finally, The Goldman Sachs Group lifted their price objective on shares of Amphenol from $107.00 to $119.00 and gave the company a buy rating in a research note on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $116.58.

Amphenol Price Performance

NYSE:APH traded up $1.51 during midday trading on Thursday, hitting $117.82. The company had a trading volume of 1,930,503 shares, compared to its average volume of 2,839,484. The stock’s fifty day moving average price is $111.48 and its 200-day moving average price is $99.30. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. Amphenol has a 52-week low of $72.00 and a 52-week high of $119.59. The company has a market capitalization of $70.88 billion, a PE ratio of 37.88, a P/E/G ratio of 3.06 and a beta of 1.30.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.07. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the firm earned $0.69 earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, research analysts expect that Amphenol will post 3.28 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were issued a $0.22 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.75%. Amphenol’s dividend payout ratio (DPR) is presently 28.30%.

Amphenol announced that its Board of Directors has authorized a stock repurchase program on Wednesday, April 24th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the electronics maker to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Activity at Amphenol

In related news, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.75, for a total value of $1,571,250.00. Following the transaction, the vice president now directly owns 25,700 shares of the company’s stock, valued at approximately $2,692,075. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter Straub sold 20,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total transaction of $2,212,800.00. The disclosure for this sale can be found here. Insiders sold 305,000 shares of company stock valued at $31,846,050 over the last 90 days. Insiders own 1.80% of the company’s stock.

About Amphenol

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.