Amphenol (NYSE:APH) Updates Q4 2024 Earnings Guidance

Amphenol (NYSE:APH) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.480-0.500 for the period, compared to the consensus earnings per share estimate of 0.470. The company issued revenue guidance of $4.0 billion-$4.1 billion, compared to the consensus revenue estimate of $3.9 billion. Amphenol also updated its FY 2024 guidance to 1.820-1.840 EPS.

Amphenol Price Performance

APH traded down $0.63 during midday trading on Friday, reaching $69.17. 2,604,085 shares of the company’s stock were exchanged, compared to its average volume of 6,607,364. The firm has a market capitalization of $83.09 billion, a price-to-earnings ratio of 42.56, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24. 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 has a one year low of $39.48 and a one year high of $71.20. The business has a 50-day simple moving average of $64.96 and a two-hundred day simple moving average of $64.47.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 earnings per share. As a group, research analysts predict that Amphenol will post 1.76 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Bank of America lifted their target price on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday. UBS Group lifted their target price on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Evercore ISI lifted their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday. Vertical Research assumed coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price for the company. Finally, Robert W. Baird lifted 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 given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and a consensus price target of $69.17.

Insider Activity at Amphenol

In related news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the sale, the vice president now owns 51,400 shares of the company’s stock, valued at $3,373,382. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Amphenol news, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at $3,373,382. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 570,000 shares of company stock valued at $37,209,000 over the last quarter. 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.