TE Connectivity (NYSE:TEL – Get Free Report) announced its quarterly earnings results on Wednesday. The electronics maker reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05, Briefing.com reports. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.01 billion. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.77 EPS. TE Connectivity updated its Q4 2024 guidance to 1.940-1.940 EPS and its Q4 guidance to $1.94 EPS.
TE Connectivity Price Performance
NYSE TEL traded down $2.31 on Thursday, hitting $154.54. 2,706,478 shares of the company were exchanged, compared to its average volume of 1,974,361. The firm has a 50 day moving average of $151.06 and a two-hundred day moving average of $144.88. The company has a market cap of $47.32 billion, a P/E ratio of 14.30, a P/E/G ratio of 2.07 and a beta of 1.33. The company has a current ratio of 1.45, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. TE Connectivity has a 1-year low of $115.00 and a 1-year high of $159.98.
Insider Buying and Selling at TE Connectivity
In other TE Connectivity news, insider Aaron Kyle Stucki sold 8,750 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $155.00, for a total transaction of $1,356,250.00. Following the transaction, the insider now directly owns 20,556 shares in the company, valued at approximately $3,186,180. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other TE Connectivity news, insider Aaron Kyle Stucki sold 8,750 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $155.00, for a total transaction of $1,356,250.00. Following the transaction, the insider now directly owns 20,556 shares in the company, valued at approximately $3,186,180. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shadrak W. Kroeger sold 5,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $149.86, for a total value of $749,300.00. Following the completion of the sale, the insider now directly owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,794 shares of company stock worth $3,102,206. Company insiders own 0.86% of the company’s stock.
Analysts Set New Price Targets
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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.
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