TE Connectivity Ltd. (TEL) Updates Q1 Earnings Guidance

TE Connectivity Ltd. (NYSE:TEL) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $1.23-1.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.12. The company issued revenue guidance of $3.35-3.45 billion, compared to the consensus revenue estimate of $3.16 billion.TE Connectivity also updated its FY18 guidance to $5.13-5.33 EPS.

Several research firms have recently commented on TEL. Royal Bank Of Canada reiterated a buy rating and set a $95.00 price target (up previously from $90.00) on shares of TE Connectivity in a report on Monday. Zacks Investment Research lowered TE Connectivity from a hold rating to a sell rating in a report on Monday, October 23rd. Stifel Nicolaus reiterated a buy rating and set a $87.00 price target on shares of TE Connectivity in a report on Tuesday, October 17th. Finally, Morgan Stanley reiterated an overweight rating and set a $89.00 price target on shares of TE Connectivity in a report on Wednesday, September 20th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $86.14.

Shares of TE Connectivity Ltd. (NYSE:TEL) traded up 0.62% during mid-day trading on Wednesday, reaching $91.53. 1,929,626 shares of the company traded hands. The company’s 50 day moving average is $85.43 and its 200 day moving average is $80.24. The stock has a market capitalization of $32.35 billion, a price-to-earnings ratio of 19.43 and a beta of 1.08. TE Connectivity Ltd. has a 52-week low of $62.05 and a 52-week high of $93.11.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.09. TE Connectivity had a return on equity of 19.76% and a net margin of 12.98%. The firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the prior year, the business posted $1.22 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts forecast that TE Connectivity Ltd. will post $4.75 earnings per share for the current year.

In related news, COO Joseph B. Donahue sold 6,300 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $80.70, for a total transaction of $508,410.00. Following the transaction, the chief operating officer now directly owns 34,609 shares in the company, valued at $2,792,946.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas J. Lynch sold 130,616 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $83.37, for a total value of $10,889,455.92. Following the transaction, the insider now owns 429,499 shares in the company, valued at $35,807,331.63. The disclosure for this sale can be found here. Insiders have sold 375,524 shares of company stock worth $30,356,000 over the last quarter. 1.49% of the stock is currently owned by company insiders.

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TE Connectivity Company Profile

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.

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

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