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.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Vertical Research started coverage on Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price on the stock. Evercore ISI lifted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday. Bank of America upped their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday. UBS Group lifted their price target on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, Robert W. Baird increased their price objective on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and a consensus price target of $69.17.

Amphenol Price Performance

NYSE APH traded up $1.12 on Thursday, reaching $69.59. 4,806,962 shares of the stock traded hands, compared to its average volume of 6,602,398. Amphenol has a 12 month low of $39.34 and a 12 month high of $71.20. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56. The firm’s fifty day simple moving average is $64.96 and its 200 day simple moving average is $64.47. The company has a market cap of $83.59 billion, a price-to-earnings ratio of 42.40, a P/E/G ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period in the previous year, the company earned $0.39 earnings per share. Amphenol’s revenue was up 26.3% compared to the same quarter last year. As a group, research analysts predict that Amphenol will post 1.76 EPS for the current fiscal year.

Insider Activity at Amphenol

In other Amphenol news, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider William J. Doherty sold 300,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Luc Walter sold 170,000 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $64.10, for a total value of $10,897,000.00. Following the sale, the insider now owns 447,790 shares in the company, valued at approximately $28,703,339. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,516,000 shares of company stock valued at $98,236,640 over the last ninety days. Insiders own 1.80% of the company’s stock.

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.