Amphenol (NYSE:APH) Issues Q4 2024 Earnings Guidance

Amphenol (NYSE:APH) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.480-0.500 for the period, compared to the consensus EPS 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.

Amphenol Trading Down 0.9 %

Shares of NYSE APH traded down $0.63 during midday trading on Friday, reaching $69.17. 2,604,085 shares of the stock were exchanged, compared to its average volume of 6,607,364. The business has a 50-day simple moving average of $64.96 and a two-hundred day simple moving average of $64.47. The company has a market capitalization of $83.09 billion, a price-to-earnings ratio of 42.56, a P/E/G ratio of 2.56 and a beta of 1.24. Amphenol has a 12 month low of $39.48 and a 12 month high of $71.20. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32.

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

Wall Street Analyst Weigh In

APH has been the topic of several research reports. Evercore ISI boosted 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. UBS Group boosted their price objective 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. Robert W. Baird boosted their price objective on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday. Vertical Research initiated coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective on the stock. Finally, Bank of America boosted their price objective on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday. Five investment 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, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.17.

Insiders Place Their Bets

In other news, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the transaction, the vice president now directly owns 51,400 shares in the company, valued at $3,373,382. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Luc Walter sold 170,000 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the transaction, the insider now directly owns 447,790 shares in the company, valued at $28,703,339. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the transaction, the vice president now owns 51,400 shares in the company, valued at $3,373,382. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 570,000 shares of company stock valued at $37,209,000 in the last three months. 1.80% of the stock is currently owned by corporate 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.