TE Connectivity (NYSE:TEL) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $5.60-5.80 for the period, compared to the Thomson Reuters consensus estimate of $5.58. The company issued revenue guidance of $13.9-14.3 billion, compared to the consensus revenue estimate of $14.64 billion.TE Connectivity also updated its FY19 guidance to $5.60-5.80 EPS.
Several equities research analysts recently weighed in on the company. Zacks Investment Research cut TE Connectivity from a hold rating to a sell rating in a research note on Wednesday, July 18th. Royal Bank of Canada set a $114.00 target price on TE Connectivity and gave the stock a buy rating in a research note on Tuesday, September 25th. Macquarie assumed coverage on TE Connectivity in a research note on Monday, October 8th. They set an outperform rating for the company. Wells Fargo & Co decreased their target price on TE Connectivity from $120.00 to $115.00 and set an outperform rating for the company in a research note on Tuesday, July 17th. Finally, Morgan Stanley decreased their target price on TE Connectivity from $107.00 to $102.00 and set an overweight rating for the company in a research note on Wednesday, October 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of Buy and an average price target of $110.45.
TEL stock traded down $2.67 during trading on Wednesday, hitting $75.50. 473,666 shares of the company’s stock were exchanged, compared to its average volume of 2,295,105. The stock has a market cap of $26.09 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 1.16 and a beta of 1.01. TE Connectivity has a 52-week low of $73.70 and a 52-week high of $108.23. The company has a quick ratio of 0.98, a current ratio of 1.47 and a debt-to-equity ratio of 0.35.
TE Connectivity Company Profile
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 AsiaPacific. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
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