Amphenol (NYSE:APH) Updates Q2 Earnings Guidance

Amphenol (NYSE:APH) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.79-0.81 for the period, compared to the consensus earnings per share estimate of $0.79. The company issued revenue guidance of $3.24-3.30 billion, compared to the consensus revenue estimate of $3.27 billion. Amphenol also updated its Q2 2024 guidance to 0.790-0.810 EPS.

Amphenol Stock Up 1.8 %

APH opened at $116.31 on Thursday. The business’s fifty day simple moving average is $111.48 and its 200 day simple moving average is $99.30. Amphenol has a 52 week low of $72.00 and a 52 week high of $119.59. The firm has a market cap of $69.97 billion, a P/E ratio of 37.40, a PEG ratio of 3.06 and a beta of 1.30. 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 (NYSE:APH) last released its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the prior year, the business posted $0.78 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Amphenol will post 3.28 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.88 annualized dividend and a yield of 0.76%. Amphenol’s dividend payout ratio (DPR) is presently 28.30%.

Amphenol declared that its board has authorized a stock buyback program on Wednesday, April 24th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the electronics maker to purchase up to 2.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Stifel Nicolaus increased their target price on Amphenol from $88.00 to $95.00 and gave the stock a hold rating in a research report on Thursday, January 25th. Jefferies Financial Group assumed coverage on Amphenol in a report on Tuesday, April 9th. They set a hold rating and a $125.00 target price for the company. Citigroup boosted their target price on Amphenol from $117.00 to $135.00 and gave the stock a buy rating in a report on Thursday, April 4th. JPMorgan Chase & Co. boosted their price target on Amphenol from $118.00 to $125.00 and gave the stock an overweight rating in a research report on Thursday, April 11th. Finally, Bank of America boosted their price target on Amphenol from $117.00 to $121.00 and gave the stock a buy rating in a research report on Thursday, April 18th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Amphenol currently has a consensus rating of Moderate Buy and an average price target of $113.75.

Insider Buying and Selling

In related news, CFO Craig A. Lampo sold 100,000 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the completion of the transaction, the chief financial officer now directly owns 147,045 shares in the company, valued at approximately $15,391,200.15. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Peter Straub sold 20,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 100,000 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the completion of the transaction, the chief financial officer now directly owns 147,045 shares of the company’s stock, valued at approximately $15,391,200.15. The disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock worth $31,846,050 in the last three months. 1.80% of the stock is owned by insiders.

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.