Amphenol (NYSE:APH) Releases Q4 2024 Earnings Guidance

Amphenol (NYSE:APH) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.480-0.500 for the period, compared to the consensus EPS 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.

Wall Street Analyst Weigh In

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

Amphenol Price Performance

Shares of Amphenol stock traded up $1.12 during mid-day trading on Thursday, reaching $69.59. 4,806,962 shares of the stock were exchanged, compared to its average volume of 6,602,398. The company has a market cap of $83.59 billion, a price-to-earnings ratio of 42.40, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24. Amphenol has a fifty-two week low of $39.34 and a fifty-two week high of $71.20. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. The firm has a 50-day simple moving average of $64.96 and a 200 day simple moving average of $64.47.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.81 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. Amphenol’s quarterly revenue was up 26.3% compared to the same quarter last year. On average, sell-side analysts predict that Amphenol will post 1.76 EPS for the current fiscal year.

Insider Activity at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,373,382. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Amphenol news, insider William J. Doherty sold 300,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares in the company, valued at $3,373,382. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,516,000 shares of company stock valued at $98,236,640 over the last ninety days. 1.80% of the stock is owned by insiders.

About Amphenol

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.