Analysts Expect TE Connectivity Ltd (TEL) Will Announce Earnings of $1.43 Per Share

Analysts expect that TE Connectivity Ltd (NYSE:TEL) will post earnings per share of $1.43 for the current quarter, Zacks reports. Five analysts have provided estimates for TE Connectivity’s earnings, with the lowest EPS estimate coming in at $1.43 and the highest estimate coming in at $1.44. TE Connectivity also posted earnings of $1.43 per share during the same quarter last year. The firm is expected to issue its next earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that TE Connectivity will report full-year earnings of $5.61 per share for the current fiscal year, with EPS estimates ranging from $5.60 to $5.64. For the next financial year, analysts forecast that the firm will report earnings of $6.14 per share, with EPS estimates ranging from $5.97 to $6.25. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow TE Connectivity.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.42 EPS for the quarter, beating the consensus estimate of $1.27 by $0.15. The business had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.36 billion. TE Connectivity had a net margin of 20.17% and a return on equity of 18.78%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.42 EPS.

Several research firms recently commented on TEL. HC Wainwright reaffirmed a “sell” rating on shares of TE Connectivity in a research report on Friday, May 3rd. Zacks Investment Research cut shares of TE Connectivity from a “hold” rating to a “sell” rating in a research report on Wednesday, April 17th. Finally, ValuEngine cut shares of TE Connectivity from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. TE Connectivity currently has an average rating of “Hold” and a consensus price target of $94.43.

In related news, insider Terrence R. Curtin sold 128,750 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $94.20, for a total transaction of $12,128,250.00. Following the completion of the sale, the insider now directly owns 213,719 shares in the company, valued at approximately $20,132,329.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mario Calastri sold 33,075 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $95.00, for a total transaction of $3,142,125.00. Following the sale, the senior vice president now owns 25,679 shares of the company’s stock, valued at $2,439,505. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 299,383 shares of company stock valued at $28,368,769. 0.80% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. MML Investors Services LLC grew its position in TE Connectivity by 8.2% during the 4th quarter. MML Investors Services LLC now owns 7,651 shares of the electronics maker’s stock valued at $579,000 after purchasing an additional 577 shares during the last quarter. Legal & General Group Plc lifted its stake in TE Connectivity by 21.5% during the 4th quarter. Legal & General Group Plc now owns 2,052,335 shares of the electronics maker’s stock worth $155,047,000 after acquiring an additional 362,868 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in TE Connectivity by 854,554.5% during the 1st quarter. Rockefeller Capital Management L.P. now owns 846,108 shares of the electronics maker’s stock worth $68,324,000 after acquiring an additional 846,009 shares in the last quarter. Squarepoint Ops LLC lifted its stake in TE Connectivity by 9.8% during the 4th quarter. Squarepoint Ops LLC now owns 287,614 shares of the electronics maker’s stock worth $21,752,000 after acquiring an additional 25,761 shares in the last quarter. Finally, CWM Advisors LLC lifted its stake in TE Connectivity by 16.1% during the 4th quarter. CWM Advisors LLC now owns 7,065 shares of the electronics maker’s stock worth $534,000 after acquiring an additional 981 shares in the last quarter. 91.19% of the stock is currently owned by hedge funds and other institutional investors.

TEL traded up $1.25 during trading on Friday, hitting $90.91. The company had a trading volume of 1,037,156 shares, compared to its average volume of 1,532,123. The stock has a market capitalization of $30.20 billion, a P/E ratio of 16.19, a P/E/G ratio of 1.54 and a beta of 1.15. TE Connectivity has a one year low of $69.84 and a one year high of $99.52. The company has a current ratio of 1.41, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, May 23rd. This represents a $1.84 annualized dividend and a yield of 2.02%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.44. TE Connectivity’s payout ratio is currently 32.80%.

About TE Connectivity

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

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Earnings History and Estimates for TE Connectivity (NYSE:TEL)

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