Amphenol Co. (NYSE:APH) – SunTrust Banks issued their Q1 2020 earnings estimates for shares of Amphenol in a note issued to investors on Thursday, January 24th, according to Zacks Investment Research. SunTrust Banks analyst W. Stein forecasts that the electronics maker will earn $0.98 per share for the quarter. SunTrust Banks also issued estimates for Amphenol’s Q2 2020 earnings at $1.05 EPS, Q3 2020 earnings at $1.11 EPS, Q4 2020 earnings at $1.14 EPS and FY2020 earnings at $4.27 EPS.
Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 23rd. The electronics maker reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.07. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Amphenol had a net margin of 14.69% and a return on equity of 29.82%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 EPS.
APH has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Amphenol from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research report on Tuesday, November 20th. ValuEngine upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Finally, Bank of America restated a “buy” rating and issued a $107.00 price objective (up previously from $103.00) on shares of Amphenol in a research report on Thursday, February 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Amphenol presently has an average rating of “Hold” and an average target price of $102.00.
NYSE:APH traded up $1.54 during trading hours on Friday, reaching $92.69. The company’s stock had a trading volume of 1,227,789 shares, compared to its average volume of 1,418,240. The stock has a market cap of $27.93 billion, a PE ratio of 24.59, a PEG ratio of 2.15 and a beta of 0.87. Amphenol has a 1 year low of $74.95 and a 1 year high of $97.56. The company has a quick ratio of 1.36, a current ratio of 1.87 and a debt-to-equity ratio of 0.69.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its stake in Amphenol by 1.7% during the second quarter. FMR LLC now owns 38,544,742 shares of the electronics maker’s stock worth $3,359,175,000 after acquiring an additional 660,569 shares in the last quarter. Jane Street Group LLC boosted its stake in Amphenol by 23.0% during the second quarter. Jane Street Group LLC now owns 8,545 shares of the electronics maker’s stock worth $745,000 after acquiring an additional 1,597 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Amphenol by 2.9% in the second quarter. Advisors Asset Management Inc. now owns 34,602 shares of the electronics maker’s stock worth $3,016,000 after buying an additional 960 shares in the last quarter. Fulton Bank N.A. lifted its stake in shares of Amphenol by 26.2% in the third quarter. Fulton Bank N.A. now owns 6,780 shares of the electronics maker’s stock worth $638,000 after buying an additional 1,406 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Amphenol in the third quarter worth approximately $454,000. Institutional investors own 96.36% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Monday, March 18th. Amphenol’s dividend payout ratio is currently 24.40%.
About Amphenol
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.
