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.
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.
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