FY2027 EPS Estimate for TE Connectivity Boosted by Analyst

TE Connectivity Ltd. (NYSE:TEL) – Research analysts at Zacks Research boosted their FY2027 earnings estimates for TE Connectivity in a research report issued to clients and investors on Thursday, March 20th. Zacks Research analyst A. Ganguly now anticipates that the electronics maker will earn $9.76 per share for the year, up from their previous estimate of $9.75. The consensus estimate for TE Connectivity’s current full-year earnings is $8.05 per share.

A number of other brokerages have also commented on TEL. Bank of America raised their price target on TE Connectivity from $167.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. HSBC upgraded shares of TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price target on the stock in a research report on Thursday, January 23rd. Truist Financial decreased their price objective on shares of TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Hsbc Global Res raised TE Connectivity from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Citigroup increased their price target on TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $167.00.

TE Connectivity Stock Up 1.1 %

Shares of TE Connectivity stock opened at $150.56 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10. TE Connectivity has a 1-year low of $137.61 and a 1-year high of $159.98. The business’s fifty day moving average price is $149.22 and its two-hundred day moving average price is $148.40. The company has a market capitalization of $44.92 billion, a P/E ratio of 24.05, a PEG ratio of 2.11 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, topping the consensus estimate of $1.89 by $0.06. The firm had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.92 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. TE Connectivity’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.84 EPS.

Institutional Trading of TE Connectivity

A number of hedge funds have recently modified their holdings of TEL. Nomura Asset Management Co. Ltd. lifted its stake in TE Connectivity by 4.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 243,274 shares of the electronics maker’s stock worth $36,732,000 after acquiring an additional 9,670 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of TE Connectivity in the fourth quarter worth approximately $2,920,000. Glenmede Trust Co. NA boosted its holdings in shares of TE Connectivity by 13.9% during the third quarter. Glenmede Trust Co. NA now owns 194,264 shares of the electronics maker’s stock worth $29,322,000 after purchasing an additional 23,755 shares during the period. Meyer Handelman Co. grew its position in TE Connectivity by 9.9% during the fourth quarter. Meyer Handelman Co. now owns 101,640 shares of the electronics maker’s stock valued at $14,531,000 after purchasing an additional 9,175 shares in the last quarter. Finally, abrdn plc acquired a new position in TE Connectivity in the 4th quarter valued at approximately $15,739,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 3,889 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $151.13, for a total value of $587,744.57. Following the completion of the transaction, the insider now owns 25,976 shares of the company’s stock, valued at approximately $3,925,752.88. This trade represents a 13.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.90% of the stock is currently owned by company insiders.

TE Connectivity Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be given a $0.71 dividend. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.89%. TE Connectivity’s dividend payout ratio (DPR) is 45.37%.

About TE Connectivity

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.