Amphenol (NYSE:APH) Issues FY 2024 Earnings Guidance

Amphenol (NYSE:APH) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 1.820-1.840 for the period, compared to the consensus EPS estimate of 1.760. The company issued revenue guidance of $14.9 billion-$15.0 billion, compared to the consensus revenue estimate of $14.6 billion. Amphenol also updated its Q4 guidance to $0.48-$0.50 EPS.

Analysts Set New Price Targets

Several research analysts have commented on APH shares. Vertical Research initiated coverage on shares of Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective for the company. Bank of America cut their price objective on shares of Amphenol from $71.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. UBS Group raised their price target on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Truist Financial upped their price target on Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, Robert W. Baird decreased their target price on Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and an average price target of $66.50.

Amphenol Trading Down 0.0 %

NYSE APH opened at $66.85 on Wednesday. The stock has a market cap of $80.30 billion, a P/E ratio of 41.01, a P/E/G ratio of 2.56 and a beta of 1.24. Amphenol has a 12-month low of $39.34 and a 12-month high of $70.84. The company has a fifty day simple moving average of $64.88 and a two-hundred day simple moving average of $64.44. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business’s revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 earnings per share. On average, analysts forecast that Amphenol will post 1.76 earnings per share for the current year.

Insider Activity

In other Amphenol news, insider Luc Walter sold 106,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.19, for a total transaction of $6,804,140.00. Following the completion of the transaction, the insider now owns 447,790 shares of the company’s stock, valued at $28,743,640.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Luc Walter sold 106,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.19, for a total transaction of $6,804,140.00. Following the sale, the insider now owns 447,790 shares of the company’s stock, valued at approximately $28,743,640.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the sale, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,323,010. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,516,000 shares of company stock valued at $98,236,640. 1.80% of the stock is currently 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.