TE Connectivity Ltd. (NYSE:TEL - Free Report) - Zacks Research raised their FY2024 earnings per share estimates for TE Connectivity in a report released on Wednesday, August 14th. Zacks Research analyst A. Ganguly now expects that the electronics maker will post earnings of $7.55 per share for the year, up from their prior estimate of $7.48. The consensus estimate for TE Connectivity's current full-year earnings is $7.56 per share. Zacks Research also issued estimates for TE Connectivity's Q4 2024 earnings at $1.94 EPS, Q1 2025 earnings at $1.88 EPS, Q2 2025 earnings at $1.99 EPS, Q3 2025 earnings at $2.06 EPS, Q4 2025 earnings at $2.09 EPS, FY2025 earnings at $8.03 EPS and Q3 2026 earnings at $2.33 EPS.
A number of other research firms have also recently commented on TEL. StockNews.com started coverage on TE Connectivity in a research report on Monday. They set a "buy" rating on the stock. Wells Fargo & Company reduced their price objective on TE Connectivity from $152.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Tuesday, June 25th. JPMorgan Chase & Co. dropped their target price on TE Connectivity from $170.00 to $169.00 and set a "neutral" rating on the stock in a research report on Thursday, April 25th. HSBC lowered shares of TE Connectivity from a "buy" rating to a "hold" rating and set a $162.00 price target for the company. in a report on Wednesday, July 24th. Finally, Robert W. Baird raised their price target on TE Connectivity from $162.00 to $170.00 and gave the company an "outperform" rating in a report on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $158.45.
Check Out Our Latest Report on TE Connectivity
TE Connectivity Trading Up 0.3 %
Shares of NYSE TEL traded up $0.39 during midday trading on Friday, reaching $149.43. 782,032 shares of the stock were exchanged, compared to its average volume of 1,932,531. The stock has a market capitalization of $45.76 billion, a P/E ratio of 13.67, a PEG ratio of 1.96 and a beta of 1.33. TE Connectivity has a twelve month low of $115.00 and a twelve month high of $159.98. The company has a 50 day simple moving average of $150.44 and a 200 day simple moving average of $146.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.51.
TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. The firm had revenue of $4 billion during the quarter, compared to analysts' expectations of $4.01 billion. TE Connectivity had a return on equity of 18.53% and a net margin of 21.94%. The business's quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $1.77 EPS.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the business. Quarry LP purchased a new position in shares of TE Connectivity in the second quarter worth about $108,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of TE Connectivity by 14.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,168 shares of the electronics maker's stock valued at $1,228,000 after purchasing an additional 1,057 shares during the period. NewEdge Advisors LLC boosted its holdings in TE Connectivity by 113.3% in the second quarter. NewEdge Advisors LLC now owns 30,001 shares of the electronics maker's stock valued at $4,513,000 after purchasing an additional 15,934 shares during the period. Creative Planning lifted its stake in TE Connectivity by 2.4% in the second quarter. Creative Planning now owns 40,782 shares of the electronics maker's stock worth $6,135,000 after acquiring an additional 962 shares during the last quarter. Finally, Algert Global LLC acquired a new position in shares of TE Connectivity during the 2nd quarter worth about $496,000. Hedge funds and other institutional investors own 91.43% of the company's stock.
Insider Activity
In other TE Connectivity news, insider Aaron Kyle Stucki sold 8,750 shares of the company's stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $155.00, for a total transaction of $1,356,250.00. Following the completion of the transaction, the insider now owns 20,556 shares of the company's stock, valued at approximately $3,186,180. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Robert J. Ott sold 2,913 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total transaction of $450,320.67. Following the completion of the transaction, the senior vice president now directly owns 25,504 shares in the company, valued at approximately $3,942,663.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Aaron Kyle Stucki sold 8,750 shares of the company's stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $155.00, for a total value of $1,356,250.00. Following the transaction, the insider now directly owns 20,556 shares in the company, valued at approximately $3,186,180. The disclosure for this sale can be found here. Insiders have sold a total of 76,363 shares of company stock worth $11,791,461 over the last ninety days. Company insiders own 0.86% of the company's stock.
About TE Connectivity
(
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TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
Further Reading
![Earnings History and Estimates for TE Connectivity (NYSE:TEL)](https://www.marketbeat.com/scripts/EarningsEstimatesChart.ashx?Prefix=NYSE&Symbol=TEL)
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