Amphenol Corporation (NYSE:APH) is set to announce third quarter earning results on Wednesday 21st October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, APH to report 3Q20 income of $ 0.87 per share.
For the full year, analysts anticipate top line of $ 8003.45 million, while looking forward to income of $ 3.34 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.84 ~ $ 0.86 per share, while revenues are expected in a range of $ 1960.00 million ~ $ 2000.00 million
Full Year 2020 topline are forecasted in a range of$ 8,240.00 million ~ $ 8,400.00 million, where as bottomline are predicted in a range of $ 3.76 ~ $ 3.84 per share
Click Here For More Historical Outlooks Of Amphenol Corporation
Previous Quarter Performance
Amphenol Corporation posted income for the second quarter of $ 0.85 per share, from the revenue of $ 1,988.00 million, On adjusted basis, APH reported income for the quarter of $ 0.81 per share. The quarterly earnings contracted 8.60 percent while revenues shrunk 1.35 percent compared with the same quarter last year. According to street consensus, APH was expected to report 2Q20 income of $ 0.63 per share from revenue of $ 1759.20 million. The bottom line results beat street analysts by $ 0.18 or 28.57 percent, at the same time, top line results outshined analysts by $ 228.80 million or 13.01 percent.
Stock Performance
Shares of Amphenol Corporation traded up $ 1.40 or 1.24 percent on Tuesday, reaching $ 114.50 with volume of 1.15 million shares. Amphenol Corporation has traded high as $ 116.16 and has cracked $ 113.51 on the downward trend
The closing price of $ 114.50, representing a 79.38 % increase from the 52 week low of $ 63.05 and a 2.63 % decrease over the 52 week high of $ 116.16.
The company has a market capital of $ 34.14 billion and is part of the Technology sector and Electronic Components industry.
Recent Analyst recommendations
- On 16th September 2020, initiated by UBS Group at Buy rating, with $ 133.00 target price.
- On 24th August 2020, downgraded by Morgan Stanley to Equal-Weight from Overweight rating.
Recent Stock Dividend Announcement
On July 30, 2020, the board of directors authorized quarterly dividend of $ 0.25 per share to holders of record as of the close of business on September 15, 2020, with payment date of October 7, 2020 and ex-dividend date on September 14, 2020.
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.
