TE Connectivity (TEL) Scheduled to Post Earnings on Wednesday

TE Connectivity (NYSE:TEL) is set to release its earnings data before the market opens on Wednesday, April 24th. Analysts expect TE Connectivity to post earnings of $1.82 per share for the quarter. TE Connectivity has set its Q2 guidance at ~$1.82 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, January 24th. The electronics maker reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.13. TE Connectivity had a net margin of 20.69% and a return on equity of 18.93%. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same period in the previous year, the firm earned $1.53 earnings per share. TE Connectivity’s quarterly revenue was down .3% compared to the same quarter last year. On average, analysts expect TE Connectivity to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

TE Connectivity Price Performance

Shares of TEL stock opened at $140.55 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.86 and a quick ratio of 1.16. The firm’s 50-day moving average is $142.65 and its two-hundred day moving average is $135.70. TE Connectivity has a 12 month low of $115.00 and a 12 month high of $147.98. The company has a market capitalization of $43.68 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 2.00 and a beta of 1.39.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Friday, February 21st. TE Connectivity’s dividend payout ratio (DPR) is presently 22.39%.

Insiders Place Their Bets

In other TE Connectivity news, insider Steven T. Merkt sold 99,777 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $144.00, for a total transaction of $14,367,888.00. Following the completion of the transaction, the insider now owns 30,459 shares in the company, valued at approximately $4,386,096. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. FIL Ltd boosted its holdings in shares of TE Connectivity by 6.0% in the 4th quarter. FIL Ltd now owns 64,769 shares of the electronics maker’s stock valued at $9,100,000 after buying an additional 3,653 shares in the last quarter. Burford Brothers Inc. acquired a new position in shares of TE Connectivity in the 4th quarter valued at $224,000. SageView Advisory Group LLC acquired a new position in shares of TE Connectivity in the 4th quarter valued at $273,000. Mercer Global Advisors Inc. ADV boosted its holdings in shares of TE Connectivity by 2.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 72,054 shares of the electronics maker’s stock valued at $10,124,000 after buying an additional 1,477 shares in the last quarter. Finally, Townsquare Capital LLC acquired a new position in shares of TE Connectivity in the 4th quarter valued at $215,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TEL shares. Citigroup started coverage on shares of TE Connectivity in a research note on Friday, January 5th. They issued a “neutral” rating and a $146.00 price target on the stock. StockNews.com started coverage on shares of TE Connectivity in a research note on Monday. They issued a “buy” rating on the stock. JPMorgan Chase & Co. boosted their price target on shares of TE Connectivity from $169.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Jefferies Financial Group started coverage on shares of TE Connectivity in a research note on Tuesday, April 9th. They issued a “buy” rating and a $180.00 price target on the stock. Finally, Robert W. Baird boosted their price target on shares of TE Connectivity from $147.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.30.

About TE Connectivity

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.