Amphenol (NYSE:APH) Issues FY20 Earnings Guidance

Amphenol (NYSE:APH) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided EPS guidance of $3.76-3.84 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.98. The company issued revenue guidance of $8.24-8.40 billion, compared to the consensus revenue estimate of $8.38 billion.Amphenol also updated its FY 2020
Pre-Market guidance to 3.76-3.84 EPS.

NYSE APH opened at $106.79 on Wednesday. The company has a market cap of $32.45 billion, a PE ratio of 28.03, a PEG ratio of 2.87 and a beta of 1.03. The company has a current ratio of 1.99, a quick ratio of 1.39 and a debt-to-equity ratio of 0.84. Amphenol has a 12 month low of $79.85 and a 12 month high of $110.24. The stock has a 50 day moving average of $107.37 and a 200-day moving average of $98.45.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.07. Amphenol had a return on equity of 28.19% and a net margin of 14.15%. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the firm posted $1.05 EPS. The company’s quarterly revenue was down 3.3% on a year-over-year basis. As a group, sell-side analysts predict that Amphenol will post 3.66 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Monday, December 16th. Amphenol’s dividend payout ratio is 26.53%.

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lifted their target price on Amphenol from $104.00 to $112.00 and gave the stock an overweight rating in a report on Wednesday, December 18th. Royal Bank of Canada assumed coverage on Amphenol in a report on Tuesday, December 17th. They set a sector perform rating and a $110.00 target price for the company. JPMorgan Chase & Co. began coverage on Amphenol in a report on Tuesday, October 22nd. They set a neutral rating and a $104.00 target price for the company. Cross Research cut Amphenol from a hold rating to a sell rating in a research report on Tuesday. Finally, Jefferies Financial Group initiated coverage on Amphenol in a research note on Monday, December 16th. They set a buy rating and a $125.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $107.43.

In other Amphenol news, VP David M. Silverman sold 9,000 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $105.01, for a total transaction of $945,090.00. Following the sale, the vice president now directly owns 9,000 shares of the company’s stock, valued at approximately $945,090. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lance E. D’amico sold 13,500 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $101.45, for a total value of $1,369,575.00. Following the sale, the vice president now directly owns 17,000 shares in the company, valued at $1,724,650. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 595,760 shares of company stock valued at $60,558,282. 2.60% of the stock is owned by company insiders.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.

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Earnings History and Estimates for Amphenol (NYSE:APH)

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