Amphenol (NYSE:APH) Releases FY 2024 Earnings Guidance

Amphenol (NYSE:APH) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.820-1.840 for the period, compared to the consensus earnings per share estimate of 1.760. The company issued revenue guidance of $14.9 billion-$15.0 billion, compared to the consensus revenue estimate of $14.6 billion. Amphenol also updated its Q4 guidance to $0.48-$0.50 EPS.

Amphenol Trading Up 1.6 %

Shares of NYSE APH traded up $1.12 during midday trading on Thursday, hitting $69.59. The stock had a trading volume of 4,806,962 shares, compared to its average volume of 6,602,398. The company has a fifty day moving average price of $64.96 and a 200 day moving average price of $64.47. The company has a market capitalization of $83.59 billion, a price-to-earnings ratio of 42.40, a PEG ratio of 2.56 and a beta of 1.24. Amphenol has a 1-year low of $39.34 and a 1-year high of $71.20. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the previous year, the firm earned $0.39 earnings per share. Amphenol’s revenue for the quarter was up 26.3% on a year-over-year basis. On average, analysts predict that Amphenol will post 1.76 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on APH shares. UBS Group raised their price objective on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Truist Financial raised their target price on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday. Evercore ISI upped their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday. Vertical Research started coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective on the stock. Finally, Robert W. Baird upped their target price on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and an average price target of $69.17.

Insider Activity at Amphenol

In other news, insider William J. Doherty sold 300,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Luc Walter sold 106,000 shares of Amphenol stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.19, for a total value of $6,804,140.00. Following the completion of the transaction, the insider now owns 447,790 shares in the company, valued at approximately $28,743,640.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. The disclosure for this sale can be found here. Insiders have sold 1,516,000 shares of company stock valued at $98,236,640 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

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.