TE Connectivity Ltd (NYSE:TEL) – Analysts at Jefferies Financial Group issued their Q1 2019 EPS estimates for shares of TE Connectivity in a research note issued on Monday, December 3rd. Jefferies Financial Group analyst D. Kelley expects that the electronics maker will earn $1.28 per share for the quarter. Jefferies Financial Group currently has a “Hold” rating and a $84.00 target price on the stock. Jefferies Financial Group also issued estimates for TE Connectivity’s Q2 2019 earnings at $1.38 EPS, Q3 2019 earnings at $1.51 EPS, Q4 2019 earnings at $1.47 EPS, FY2019 earnings at $5.64 EPS and FY2020 earnings at $6.23 EPS.
TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, October 31st. The electronics maker reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.02. TE Connectivity had a return on equity of 20.06% and a net margin of 17.69%. The company had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the firm posted $1.25 EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis.
TEL has been the subject of several other research reports. Morgan Stanley decreased their price objective on TE Connectivity from $116.00 to $107.00 and set an “overweight” rating for the company in a report on Monday, September 17th. Zacks Investment Research raised TE Connectivity from a “sell” rating to a “hold” rating in a report on Thursday, November 22nd. ValuEngine lowered TE Connectivity from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Robert W. Baird lowered TE Connectivity from an “outperform” rating to a “neutral” rating in a report on Monday, October 1st. Finally, Royal Bank of Canada decreased their price objective on TE Connectivity to $96.00 and set a “positive” rating for the company in a report on Thursday, November 1st. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. TE Connectivity presently has an average rating of “Buy” and a consensus target price of $106.00.
Shares of TEL opened at $75.70 on Thursday. TE Connectivity has a fifty-two week low of $72.60 and a fifty-two week high of $108.23. The stock has a market capitalization of $25.44 billion, a P/E ratio of 13.48, a PEG ratio of 1.19 and a beta of 1.16. The company has a quick ratio of 0.98, a current ratio of 1.41 and a debt-to-equity ratio of 0.28.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 23rd will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, November 21st. TE Connectivity’s payout ratio is presently 31.37%.
Hedge funds have recently bought and sold shares of the business. Commonwealth Bank of Australia grew its holdings in TE Connectivity by 2.2% during the 2nd quarter. Commonwealth Bank of Australia now owns 40,187 shares of the electronics maker’s stock valued at $3,614,000 after buying an additional 879 shares in the last quarter. HPM Partners LLC grew its holdings in TE Connectivity by 43.5% during the 2nd quarter. HPM Partners LLC now owns 5,697 shares of the electronics maker’s stock valued at $513,000 after buying an additional 1,728 shares in the last quarter. AMP Capital Investors Ltd grew its holdings in TE Connectivity by 7.9% during the 2nd quarter. AMP Capital Investors Ltd now owns 169,363 shares of the electronics maker’s stock valued at $15,254,000 after buying an additional 12,364 shares in the last quarter. Bridgewater Associates LP grew its holdings in TE Connectivity by 758.6% during the 2nd quarter. Bridgewater Associates LP now owns 262,904 shares of the electronics maker’s stock valued at $23,677,000 after buying an additional 232,285 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in TE Connectivity by 1,066.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 7,233 shares of the electronics maker’s stock valued at $498,000 after buying an additional 6,613 shares in the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.
About TE Connectivity
TE Connectivity Ltd., together with its subsidiaries, engages in the design, manufacture, and sale of connectivity and sensors solutions in the Americas, Europe, the Middle East, Africa, and the Asia?Pacific. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
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