Research Analysts Set Expectations for Amphenol Co.'s Q2 2024 Earnings (NYSE:APH)

Amphenol Co. (NYSE:APH - Free Report) - Investment analysts at Zacks Research raised their Q2 2024 earnings per share estimates for shares of Amphenol in a research note issued on Thursday, July 18th. Zacks Research analyst A. Ganguly now expects that the electronics maker will earn $0.40 per share for the quarter, up from their prior estimate of $0.40. The consensus estimate for Amphenol's current full-year earnings is $1.69 per share.

APH has been the subject of several other reports. JPMorgan Chase & Co. upped their price objective on Amphenol from $62.50 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday, April 25th. Robert W. Baird increased their target price on Amphenol from $61.50 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, April 25th. Jefferies Financial Group initiated coverage on Amphenol in a research report on Tuesday, April 9th. They issued a "hold" rating and a $62.50 target price for the company. Stifel Nicolaus reiterated a "hold" rating on shares of Amphenol in a research report on Thursday, June 13th. Finally, UBS Group increased their target price on Amphenol from $69.00 to $80.00 and gave the company a "buy" rating in a research report on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $64.58.

Amphenol Price Performance

Shares of APH stock traded up $1.89 on Monday, hitting $66.24. 7,441,426 shares of the company's stock were exchanged, compared to its average volume of 6,351,796. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.43. Amphenol has a 12 month low of $39.34 and a 12 month high of $70.84. The stock has a market cap of $79.57 billion, a P/E ratio of 40.51, a price-to-earnings-growth ratio of 3.00 and a beta of 1.25. The company has a 50 day moving average of $67.43 and a 200 day moving average of $59.23.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the company earned $0.35 EPS. Amphenol's revenue for the quarter was up 9.5% on a year-over-year basis.

Institutional Investors Weigh In On Amphenol

A number of hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Amphenol during the fourth quarter valued at approximately $1,078,167,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Amphenol by 39.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,245,014 shares of the electronics maker's stock valued at $2,899,059,000 after acquiring an additional 8,340,759 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Amphenol by 78.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,256,433 shares of the electronics maker's stock valued at $286,756,000 after acquiring an additional 1,871,099 shares in the last quarter. Swedbank AB increased its holdings in shares of Amphenol by 147.6% during the second quarter. Swedbank AB now owns 2,600,252 shares of the electronics maker's stock valued at $175,179,000 after acquiring an additional 1,550,126 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in shares of Amphenol during the second quarter valued at approximately $69,158,000. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Amphenol news, insider Luc Walter sold 230,000 shares of Amphenol stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $67.57, for a total value of $15,541,100.00. Following the completion of the sale, the insider now directly owns 397,280 shares in the company, valued at $26,844,209.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is owned by insiders.

Amphenol announced that its Board of Directors has initiated a stock buyback program on Wednesday, April 24th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the electronics maker to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Tuesday, June 18th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Tuesday, June 18th. Amphenol's dividend payout ratio is currently 26.91%.

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.