Press coverage about Amphenol (NYSE:APH) has trended somewhat positive this week, according to Alpha One. The research firm, a division of Accern, identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Amphenol earned a news sentiment score of 0.16 on Alpha One’s scale. Alpha One also gave news articles about the electronics maker an impact score of 72 out of 100, meaning that recent news coverage is likely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have effected AlphaOne’s analysis:
- DXC Technology Company (:DXC) Vs. Amphenol Corporation (NYSE:APH) Delving into the Technicals – Geneva Journal (genevajournal.com)
- Insider Selling: Amphenol Co. (APH) CFO Sells 15,000 Shares of Stock (americanbankingnews.com)
- The Amphenol Co. (APH) Receives $76.50 Average PT from Analysts – BangaloreWeekly (bangaloreweekly.com)
- Richard Adam Norwitt Sells 200,000 Shares of Amphenol Co. (APH) Stock (americanbankingnews.com)
- Amphenol Co. (APH) Shares Sold by IFP Advisors Inc (lightwaveonline.com)
Shares of Amphenol (NYSE:APH) traded up 0.88% during mid-day trading on Friday, reaching $73.09. 174,670 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $71.30 and a 200-day moving average price of $69.17. Amphenol has a 12 month low of $55.13 and a 12 month high of $73.86. The stock has a market cap of $22.34 billion, a PE ratio of 25.93 and a beta of 0.86.
Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, April 26th. The electronics maker reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.05. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.53 billion. Amphenol had a net margin of 13.09% and a return on equity of 23.73%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 earnings per share. On average, analysts predict that Amphenol will post $2.96 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 11th. Investors of record on Monday, June 19th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, June 15th. This represents a $0.64 annualized dividend and a yield of 0.88%. Amphenol’s payout ratio is currently 24.52%.
APH has been the topic of a number of analyst reports. Cowen and Company initiated coverage on shares of Amphenol in a research note on Tuesday, March 21st. They issued an “outperform” rating and a $85.00 target price on the stock. Zacks Investment Research raised shares of Amphenol from a “sell” rating to a “hold” rating in a research note on Friday, March 10th. Royal Bank of Canada upped their target price on shares of Amphenol from $71.00 to $75.00 and gave the company a “top pick” rating in a research note on Thursday, March 2nd. Deutsche Bank AG upped their target price on shares of Amphenol from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Finally, Citigroup Inc reissued a “buy” rating and issued a $80.00 target price on shares of Amphenol in a research note on Thursday, January 26th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $76.50.
In related news, CFO Craig A. Lampo sold 15,000 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $72.86, for a total transaction of $1,092,900.00. Following the completion of the transaction, the chief financial officer now owns 40,000 shares in the company, valued at $2,914,400. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Richard Adam Norwitt sold 200,000 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $73.10, for a total transaction of $14,620,000.00. Following the transaction, the chief executive officer now owns 293,992 shares of the company’s stock, valued at approximately $21,490,815.20. The disclosure for this sale can be found here. 2.92% of the stock is currently owned by corporate insiders.
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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