Amphenol (NYSE:APH) Releases Q4 2024 Earnings Guidance

Amphenol (NYSE:APH) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.480-0.500 for the period, compared to the consensus estimate of 0.470. The company issued revenue guidance of $4.0 billion-$4.1 billion, compared to the consensus revenue estimate of $3.9 billion. Amphenol also updated its FY 2024 guidance to 1.820-1.840 EPS.

Wall Street Analysts Forecast Growth

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

Amphenol Stock Up 1.9 %

NYSE APH traded up $1.24 during midday trading on Wednesday, hitting $68.09. 6,593,847 shares of the company traded hands, compared to its average volume of 6,582,065. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. The company has a market cap of $81.79 billion, a PE ratio of 43.47, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24. The company’s 50-day simple moving average is $64.88 and its 200-day simple moving average is $64.44. Amphenol has a 52 week low of $39.34 and a 52 week high of $71.20.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $3.61 billion for 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 for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS. As a group, equities research analysts forecast that Amphenol will post 1.76 earnings per share for the current year.

Insider Activity

In other news, VP Lance E. D’amico sold 90,000 shares of the stock in a transaction 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 completion of the sale, the vice president now owns 51,400 shares in the company, valued at approximately $3,323,010. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the completion of the sale, the chief executive officer now owns 1,934,848 shares in the company, valued at approximately $124,875,089.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Lance E. D’amico sold 90,000 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.65, for a total value of $5,818,500.00. Following the sale, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,516,000 shares of company stock worth $98,236,640. Insiders own 1.80% of the company’s stock.

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.