Amphenol Co. to Post Q3 2024 Earnings of $0.44 Per Share, Zacks Research Forecasts (NYSE:APH)

Amphenol Co. (NYSE:APH) – Zacks Research raised their Q3 2024 earnings per share (EPS) estimates for shares of Amphenol in a research note issued on Wednesday, August 14th. Zacks Research analyst A. Ganguly now anticipates that the electronics maker will post earnings of $0.44 per share for the quarter, up from their previous estimate of $0.42. The consensus estimate for Amphenol’s current full-year earnings is $1.74 per share. Zacks Research also issued estimates for Amphenol’s FY2025 earnings at $1.92 EPS, Q2 2026 earnings at $0.49 EPS and FY2026 earnings at $2.03 EPS.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the previous year, the company earned $0.72 EPS. Amphenol’s revenue was up 18.2% on a year-over-year basis.

A number of other equities research analysts have also recently commented on APH. Truist Financial lifted their price objective on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. UBS Group upped their target price on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Evercore ISI reissued an “outperform” rating on shares of Amphenol in a report on Thursday, June 13th. Citigroup lifted their price objective on Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Finally, JPMorgan Chase & Co. raised their target price on shares of Amphenol from $62.50 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.35.

Amphenol Stock Performance

Shares of Amphenol stock opened at $67.01 on Monday. Amphenol has a 52 week low of $39.34 and a 52 week high of $70.84. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. The stock has a market capitalization of $80.49 billion, a price-to-earnings ratio of 41.11, a PEG ratio of 2.81 and a beta of 1.25. The firm has a fifty day moving average of $66.01 and a two-hundred day moving average of $61.28.

Institutional Trading of Amphenol

Hedge funds have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. lifted its holdings in Amphenol by 228.5% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 110,298 shares of the electronics maker’s stock valued at $10,934,000 after purchasing an additional 76,724 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Amphenol by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,180,261 shares of the electronics maker’s stock worth $315,259,000 after buying an additional 73,662 shares during the last quarter. Fiduciary Group LLC bought a new stake in shares of Amphenol during the 4th quarter worth about $699,000. First National Advisers LLC grew its stake in Amphenol by 45.0% in the 4th quarter. First National Advisers LLC now owns 20,380 shares of the electronics maker’s stock valued at $2,021,000 after buying an additional 6,329 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in Amphenol by 0.5% in the 4th quarter. Franklin Resources Inc. now owns 4,015,628 shares of the electronics maker’s stock valued at $398,069,000 after acquiring an additional 20,521 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider William J. Doherty sold 300,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Luc Walter sold 106,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.19, for a total value of $6,804,140.00. Following the completion of the sale, the insider now directly owns 447,790 shares in the company, valued at approximately $28,743,640.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,516,000 shares of company stock worth $98,236,640. Corporate insiders own 1.80% of the company’s stock.

Amphenol announced that its Board of Directors has initiated a share repurchase program on Wednesday, April 24th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the electronics maker to buy up to 2.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Amphenol Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Tuesday, September 17th. Amphenol’s dividend payout ratio is currently 40.49%.

About Amphenol

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.