TE Connectivity Ltd (TEL) Expected to Post Earnings of $1.44 Per Share

Equities analysts expect that TE Connectivity Ltd (NYSE:TEL) will post earnings of $1.44 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for TE Connectivity’s earnings, with the lowest EPS estimate coming in at $1.43 and the highest estimate coming in at $1.45. TE Connectivity reported earnings of $1.43 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 0.7%. The firm is expected to report its next earnings results on Wednesday, July 24th.

On average, analysts expect that TE Connectivity will report full year earnings of $5.59 per share for the current fiscal year, with EPS estimates ranging from $5.48 to $5.64. For the next financial year, analysts expect that the company will post earnings of $6.16 per share, with EPS estimates ranging from $5.92 to $6.35. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow TE Connectivity.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, April 24th. The electronics maker reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.15. The firm had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.36 billion. TE Connectivity had a return on equity of 18.78% and a net margin of 20.17%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.42 EPS.

A number of equities analysts have recently commented on the company. Zacks Investment Research cut TE Connectivity from a “hold” rating to a “sell” rating in a report on Wednesday, April 17th. ValuEngine upgraded TE Connectivity from a “sell” rating to a “hold” rating in a report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. TE Connectivity presently has a consensus rating of “Hold” and a consensus price target of $94.43.

Shares of TE Connectivity stock traded up $0.91 on Wednesday, reaching $89.88. The company had a trading volume of 45,686 shares, compared to its average volume of 1,298,061. The stock has a market cap of $29.97 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 1.47 and a beta of 1.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.41. TE Connectivity has a 1 year low of $69.84 and a 1 year high of $99.52.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.84 dividend on an annualized basis and a yield of 2.05%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.44. TE Connectivity’s payout ratio is presently 31.37%.

In other TE Connectivity news, Director Thomas J. Lynch sold 68,516 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $95.36, for a total value of $6,533,685.76. Following the completion of the sale, the director now directly owns 234,398 shares in the company, valued at approximately $22,352,193.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Eric Resch sold 34,050 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $82.70, for a total value of $2,815,935.00. Following the completion of the sale, the senior vice president now owns 68,790 shares of the company’s stock, valued at $5,688,933. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 333,433 shares of company stock valued at $31,184,704. 0.80% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the business. MML Investors Services LLC lifted its holdings in shares of TE Connectivity by 8.2% in the 4th quarter. MML Investors Services LLC now owns 7,651 shares of the electronics maker’s stock worth $579,000 after buying an additional 577 shares during the period. Legal & General Group Plc lifted its holdings in shares of TE Connectivity by 21.5% in the 4th quarter. Legal & General Group Plc now owns 2,052,335 shares of the electronics maker’s stock worth $155,047,000 after buying an additional 362,868 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of TE Connectivity by 9.8% in the 4th quarter. Squarepoint Ops LLC now owns 287,614 shares of the electronics maker’s stock worth $21,752,000 after buying an additional 25,761 shares during the period. CWM Advisors LLC lifted its holdings in shares of TE Connectivity by 16.1% in the 4th quarter. CWM Advisors LLC now owns 7,065 shares of the electronics maker’s stock worth $534,000 after buying an additional 981 shares during the period. Finally, Quadrant Capital Group LLC raised its position in shares of TE Connectivity by 3.9% in the 4th quarter. Quadrant Capital Group LLC now owns 4,819 shares of the electronics maker’s stock worth $359,000 after acquiring an additional 183 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

About TE Connectivity

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensors solutions in Europe, the Middle East, Africa, the Asia–Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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