Amphenol (NYSE:APH) Issues Earnings Results

Amphenol (NYSE:APH) released its earnings results on Wednesday. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05, Briefing.com reports. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The company’s revenue was up 26.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS.

Amphenol Stock Performance

NYSE APH traded up $0.80 during trading on Thursday, reaching $69.27. 850,815 shares of the company’s stock were exchanged, compared to its average volume of 6,582,594. The business has a 50 day moving average price of $64.96 and a 200-day moving average price of $64.47. The stock has a market capitalization of $83.21 billion, a P/E ratio of 42.01, a PEG ratio of 2.56 and a beta of 1.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. Amphenol has a fifty-two week low of $39.34 and a fifty-two week high of $71.20.

Analyst Ratings Changes

A number of analysts have commented on APH shares. Bank of America raised their price objective on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday. Truist Financial lifted their target price on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Robert W. Baird lifted their target price on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday. UBS Group lifted their target price on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Vertical Research assumed coverage on Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.42.

Insiders Place Their Bets

In other Amphenol news, insider Luc Walter sold 106,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.19, for a total transaction of $6,804,140.00. Following the transaction, the insider now owns 447,790 shares of the company’s stock, valued at $28,743,640.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Lance E. D’amico sold 90,000 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.65, for a total value of $5,818,500.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,323,010. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Luc Walter sold 106,000 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.19, for a total value of $6,804,140.00. Following the completion of the sale, the insider now owns 447,790 shares of the company’s stock, valued at $28,743,640.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,516,000 shares of company stock valued at $98,236,640 over the last 90 days. 1.80% of the stock is currently owned by insiders.

Amphenol Company Profile

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.