Analysts expect TE Connectivity Ltd (NYSE:TEL) to post $1.43 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for TE Connectivity’s earnings. The highest EPS estimate is $1.44 and the lowest is $1.43. TE Connectivity also posted earnings per share of $1.43 during the same quarter last year. The company is scheduled to announce its next earnings results on Wednesday, July 24th.
According to Zacks, analysts expect that TE Connectivity will report full-year earnings of $5.61 per share for the current fiscal year, with EPS estimates ranging from $5.60 to $5.64. For the next financial year, analysts forecast that the firm will report earnings of $6.16 per share, with EPS estimates ranging from $5.97 to $6.30. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover TE Connectivity.
TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.42 EPS for the quarter, beating the consensus estimate of $1.27 by $0.15. The company had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.36 billion. TE Connectivity had a return on equity of 18.78% and a net margin of 20.17%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 EPS.
Several equities research analysts have recently commented on the company. Goldman Sachs Group raised TE Connectivity from a “neutral” rating to a “buy” rating and increased their price objective for the company from $92.00 to $105.00 in a report on Thursday, June 20th. HC Wainwright reissued a “sell” rating on shares of TE Connectivity in a report on Friday, May 3rd. Zacks Investment Research downgraded TE Connectivity from a “hold” rating to a “sell” rating in a report on Wednesday, April 17th. Longbow Research downgraded TE Connectivity from a “buy” rating to a “neutral” rating and set a $90.66 price objective for the company. in a report on Monday, June 17th. Finally, ValuEngine raised TE Connectivity from a “sell” rating to a “hold” rating in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $95.18.
In related news, Director Thomas J. Lynch sold 42,239 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $95.11, for a total value of $4,017,351.29. Following the sale, the director now owns 208,121 shares in the company, valued at approximately $19,794,388.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Mario Calastri sold 33,075 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $95.00, for a total value of $3,142,125.00. Following the completion of the sale, the senior vice president now owns 25,679 shares in the company, valued at approximately $2,439,505. The disclosure for this sale can be found here. In the last 90 days, insiders sold 299,383 shares of company stock worth $28,368,769. 0.80% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Weaver Consulting Group bought a new stake in TE Connectivity in the 1st quarter valued at $28,000. Thor Advisors LLC acquired a new position in shares of TE Connectivity in the 1st quarter valued at approximately $26,000. Riverview Trust Co acquired a new position in shares of TE Connectivity in the 4th quarter valued at approximately $25,000. Synovus Financial Corp grew its position in shares of TE Connectivity by 97.2% in the 1st quarter. Synovus Financial Corp now owns 355 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 175 shares during the period. Finally, First Interstate Bank acquired a new position in shares of TE Connectivity in the 1st quarter valued at approximately $32,000. Institutional investors and hedge funds own 91.15% of the company’s stock.
Shares of NYSE TEL traded up $0.62 during trading hours on Friday, hitting $95.78. The company had a trading volume of 1,196,040 shares, compared to its average volume of 1,089,881. The stock has a market capitalization of $32.27 billion, a PE ratio of 17.45, a P/E/G ratio of 1.66 and a beta of 1.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.41 and a quick ratio of 0.90. TE Connectivity has a 1-year low of $69.84 and a 1-year high of $96.78. The firm’s 50 day moving average price is $90.11.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 24th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Thursday, May 23rd. This is a boost from TE Connectivity’s previous quarterly dividend of $0.44. TE Connectivity’s dividend payout ratio is 32.80%.
TE Connectivity Company Profile
TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensors solutions in Europe, the Middle East, Africa, the Asia?Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
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