Amphenol (NYSE:APH) Posts Quarterly Earnings Results

Amphenol (NYSE:APH) posted its quarterly earnings results on Wednesday. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03, Briefing.com reports. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the company earned $0.72 EPS. The business’s revenue was up 18.2% compared to the same quarter last year. Amphenol updated its Q3 guidance to $0.43-0.45 EPS and its Q3 2024 guidance to 0.430-0.450 EPS.

Amphenol Trading Down 6.4 %

Shares of Amphenol stock opened at $61.99 on Thursday. Amphenol has a fifty-two week low of $39.34 and a fifty-two week high of $70.84. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.43 and a current ratio of 2.06. The company has a market cap of $74.46 billion, a P/E ratio of 37.91, a price-to-earnings-growth ratio of 3.10 and a beta of 1.25. The firm has a 50-day simple moving average of $67.39 and a two-hundred day simple moving average of $59.38.

Amphenol Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.06%. Amphenol’s dividend payout ratio (DPR) is presently 26.91%.

Amphenol declared that its board has authorized a share repurchase plan on Wednesday, April 24th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the electronics maker to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

APH has been the subject of a number of analyst reports. Bank of America upped their price objective on Amphenol from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Amphenol in a research report on Thursday, June 13th. Vertical Research started coverage on shares of Amphenol in a research report on Tuesday. They set a “hold” rating and a $65.00 target price on the stock. Citigroup upped their price target on shares of Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Finally, Robert W. Baird boosted their price objective on shares of Amphenol from $61.50 to $62.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and an average target price of $64.62.

Insider Activity at Amphenol

In other Amphenol news, insider Luc Walter sold 230,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $67.57, for a total value of $15,541,100.00. Following the sale, the insider now directly owns 397,280 shares of the company’s stock, valued at $26,844,209.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by company 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.