FY2027 EPS Estimates for TE Connectivity Boosted by Analyst

TE Connectivity Ltd. (NYSE:TEL - Free Report) - Equities research analysts at Zacks Research upped their FY2027 earnings estimates for shares of TE Connectivity in a note issued to investors on Thursday, March 20th. Zacks Research analyst A. Ganguly now expects that the electronics maker will earn $9.76 per share for the year, up from their previous forecast of $9.75. The consensus estimate for TE Connectivity's current full-year earnings is $8.05 per share.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, beating the consensus estimate of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter last year, the business posted $1.84 EPS. The company's revenue for the quarter was up .1% on a year-over-year basis.

A number of other brokerages also recently weighed in on TEL. HSBC raised shares of TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 price target on the stock in a report on Thursday, January 23rd. Wells Fargo & Company lifted their price target on shares of TE Connectivity from $151.00 to $155.00 and gave the stock an "equal weight" rating in a report on Thursday, January 23rd. Robert W. Baird increased their price objective on TE Connectivity from $162.00 to $168.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Citigroup boosted their target price on TE Connectivity from $160.00 to $165.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Finally, Hsbc Global Res upgraded TE Connectivity from a "moderate sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $167.00.

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TE Connectivity Stock Performance

TE Connectivity stock traded down $2.74 during mid-day trading on Monday, reaching $147.00. 1,903,149 shares of the company's stock were exchanged, compared to its average volume of 1,586,735. The firm has a market capitalization of $43.86 billion, a PE ratio of 23.48, a P/E/G ratio of 2.11 and a beta of 1.32. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26. The business's fifty day simple moving average is $149.34 and its 200 day simple moving average is $148.41. TE Connectivity has a one year low of $137.61 and a one year high of $159.98.

TE Connectivity Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a $0.71 dividend. The ex-dividend date is Wednesday, May 21st. This is a boost from TE Connectivity's previous quarterly dividend of $0.65. This represents a $2.84 annualized dividend and a yield of 1.93%. TE Connectivity's dividend payout ratio is currently 45.37%.

Insider Buying and Selling at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 3,889 shares of the company's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $151.13, for a total value of $587,744.57. Following the transaction, the insider now directly owns 25,976 shares in the company, valued at approximately $3,925,752.88. This represents a 13.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.90% of the company's stock.

Hedge Funds Weigh In On TE Connectivity

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP bought a new position in TE Connectivity in the fourth quarter valued at $909,598,000. Vanguard Group Inc. boosted its holdings in shares of TE Connectivity by 14.2% in the 4th quarter. Vanguard Group Inc. now owns 32,378,995 shares of the electronics maker's stock worth $4,629,225,000 after purchasing an additional 4,029,596 shares in the last quarter. Norges Bank bought a new position in shares of TE Connectivity during the 4th quarter valued at about $508,199,000. Clearbridge Investments LLC lifted its position in TE Connectivity by 72.1% in the 4th quarter. Clearbridge Investments LLC now owns 4,064,822 shares of the electronics maker's stock worth $581,148,000 after buying an additional 1,702,825 shares during the last quarter. Finally, Amundi purchased a new stake in TE Connectivity in the fourth quarter worth approximately $159,992,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

TE Connectivity Company Profile

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.