TE Connectivity (NYSE:TEL) Issues Q3 2021 Earnings Guidance


Share on StockTwits

TE Connectivity (NYSE:TEL) issued an update on its third quarter 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.570-1.570 for the period, compared to the Thomson Reuters consensus estimate of $1.440. The company issued revenue guidance of $3.70 billion-$3.70 billion, compared to the consensus revenue estimate of $3.45 billion.

Several equities analysts have recently weighed in on TEL shares. Cowen restated a market perform rating and set a $135.00 price objective (down previously from $140.00) on shares of TE Connectivity in a research report on Monday, April 26th. Loop Capital lifted their price target on shares of TE Connectivity from $140.00 to $145.00 and gave the stock a buy rating in a research report on Friday, April 23rd. Oppenheimer raised their price objective on TE Connectivity from $130.00 to $140.00 and gave the stock an outperform rating in a research note on Wednesday, April 28th. UBS Group upped their target price on TE Connectivity from $135.00 to $150.00 and gave the company a buy rating in a report on Thursday, January 28th. Finally, Royal Bank of Canada upped their price objective on shares of TE Connectivity from $149.00 to $158.00 and gave the company an outperform rating in a research note on Wednesday, April 28th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. TE Connectivity presently has a consensus rating of Buy and an average price target of $216.40.

Shares of TEL traded down $0.14 during midday trading on Tuesday, reaching $133.19. 46,492 shares of the stock were exchanged, compared to its average volume of 1,859,794. The company has a market cap of $43.98 billion, a price-to-earnings ratio of -184.80, a P/E/G ratio of 2.35 and a beta of 1.41. The company has a quick ratio of 1.04, a current ratio of 1.57 and a debt-to-equity ratio of 0.37. The firm has a 50 day simple moving average of $131.45 and a 200-day simple moving average of $122.63. TE Connectivity has a 12-month low of $66.61 and a 12-month high of $138.25.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Tuesday, April 20th. The electronics maker reported $1.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.09. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.52 billion. TE Connectivity had a negative net margin of 1.98% and a positive return on equity of 14.86%. The company’s revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the business posted $1.29 earnings per share. Research analysts expect that TE Connectivity will post 5.3 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 4th. Stockholders of record on Friday, February 18th will be paid a $0.50 dividend. The ex-dividend date is Thursday, February 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.50%. TE Connectivity’s dividend payout ratio (DPR) is presently 45.07%.

In related news, Director Terrence R. Curtin sold 70,250 shares of the firm’s stock in a transaction that occurred on Thursday, February 4th. The shares were sold at an average price of $127.75, for a total value of $8,974,437.50. Following the completion of the sale, the director now owns 125,219 shares of the company’s stock, valued at $15,996,727.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Robert J. Ott sold 32,500 shares of the business’s stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $131.50, for a total transaction of $4,273,750.00. Following the completion of the transaction, the senior vice president now owns 37,357 shares of the company’s stock, valued at approximately $4,912,445.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 245,295 shares of company stock worth $31,854,586. 0.80% of the stock is owned by corporate insiders.

About TE Connectivity

TE Connectivity Ltd. engages in the design and manufacture of connectivity and sensors solutions. It operates through the following segments: Transportation, Industrial, and Communications Solutions. The Transportation Solutions segment offers products that are used in the automotive, commercial transportation, and sensors markets.

See Also: Retained Earnings

Earnings History and Estimates for TE Connectivity (NYSE:TEL)

Receive News & Ratings for TE Connectivity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TE Connectivity and related companies with MarketBeat.com's FREE daily email newsletter.