TE Connectivity (TEL) Set to Announce Quarterly Earnings on Wednesday

TE Connectivity (NYSE:TEL) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, January 24th. Analysts expect the company to announce earnings of $1.25 per share for the quarter. TE Connectivity has set its Q1 guidance at $1.23-1.27 EPS and its FY18 guidance at $5.13-5.33 EPS.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, November 1st. The electronics maker reported $1.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.09. TE Connectivity had a net margin of 12.84% and a return on equity of 18.97%. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the firm posted $1.22 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts expect TE Connectivity to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of TE Connectivity (TEL) opened at $100.73 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.54 and a quick ratio of 1.07. TE Connectivity has a 12 month low of $69.41 and a 12 month high of $101.56. The company has a market cap of $35,420.39, a price-to-earnings ratio of 21.39, a PEG ratio of 1.75 and a beta of 1.08.

TE Connectivity announced that its board has approved a share buyback plan on Friday, December 8th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the electronics maker to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

In other TE Connectivity news, CFO Heath A. Mitts sold 10,736 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $93.14, for a total transaction of $999,951.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Mario Calastri sold 8,539 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $93.27, for a total transaction of $796,432.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 705,373 shares of company stock worth $65,870,755. Corporate insiders own 1.30% of the company’s stock.

A number of research analysts recently issued reports on TEL shares. Stifel Nicolaus reiterated a “buy” rating and set a $98.00 target price on shares of TE Connectivity in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of TE Connectivity from a “sell” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Thursday, November 2nd. Citigroup boosted their target price on shares of TE Connectivity from $92.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $95.00 target price (up previously from $90.00) on shares of TE Connectivity in a research report on Monday, October 30th. Finally, Cross Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating in a research report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. TE Connectivity presently has an average rating of “Buy” and a consensus target price of $145.92.

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TE Connectivity Company Profile

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.

Earnings History for TE Connectivity (NYSE:TEL)

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