FY2024 EPS Estimates for Amphenol Lifted by Zacks Research

Amphenol Co. (NYSE:APH) – Equities researchers at Zacks Research raised their FY2024 EPS estimates for shares of Amphenol in a note issued to investors on Tuesday, November 12th. Zacks Research analyst R. Department now forecasts that the electronics maker will earn $1.82 per share for the year, up from their prior forecast of $1.72. The consensus estimate for Amphenol’s current full-year earnings is $1.84 per share. Zacks Research also issued estimates for Amphenol’s Q4 2024 earnings at $0.48 EPS, Q1 2025 earnings at $0.45 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.51 EPS, Q4 2025 earnings at $0.53 EPS, FY2025 earnings at $1.97 EPS, Q2 2026 earnings at $0.51 EPS, Q3 2026 earnings at $0.53 EPS and FY2026 earnings at $2.09 EPS.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The firm’s revenue for the quarter was up 26.3% compared to the same quarter last year.

Several other analysts also recently issued reports on APH. Robert W. Baird lifted their target price on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Vertical Research initiated coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price for the company. Truist Financial lifted their price target on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Bank of America raised their price objective on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, Evercore ISI boosted their target price on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.63.

Amphenol Trading Up 0.4 %

NYSE:APH opened at $72.31 on Thursday. The firm has a market capitalization of $87.18 billion, a price-to-earnings ratio of 41.56, a price-to-earnings-growth ratio of 2.39 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. The business has a fifty day moving average price of $66.03 and a 200-day moving average price of $65.81. Amphenol has a one year low of $43.51 and a one year high of $74.70.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. CreativeOne Wealth LLC boosted its holdings in shares of Amphenol by 37.6% in the 3rd quarter. CreativeOne Wealth LLC now owns 5,955 shares of the electronics maker’s stock valued at $388,000 after buying an additional 1,627 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Amphenol by 29,759.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 149,893 shares of the electronics maker’s stock valued at $9,767,000 after purchasing an additional 149,391 shares in the last quarter. Glenmede Trust Co. NA boosted its position in shares of Amphenol by 11.8% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,682,734 shares of the electronics maker’s stock valued at $109,647,000 after purchasing an additional 177,510 shares in the last quarter. Townsquare Capital LLC raised its position in shares of Amphenol by 14.9% during the third quarter. Townsquare Capital LLC now owns 96,910 shares of the electronics maker’s stock worth $6,315,000 after purchasing an additional 12,534 shares during the period. Finally, J. Stern & Co. LLP raised its stake in Amphenol by 5.0% during the 3rd quarter. J. Stern & Co. LLP now owns 749,252 shares of the electronics maker’s stock valued at $48,821,000 after purchasing an additional 35,339 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the sale, the chief financial officer now directly owns 218,116 shares of the company’s stock, valued at approximately $14,997,656.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amphenol news, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the sale, the chief financial officer now directly owns 218,116 shares of the company’s stock, valued at approximately $14,997,656.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,842,672 shares of company stock worth $128,858,080. Insiders own 1.80% of the company’s stock.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 annualized dividend and a yield of 0.91%. Amphenol’s dividend payout ratio (DPR) is currently 37.93%.

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.