Zacks Research Predicts TE Connectivity FY2027 Earnings

TE Connectivity Ltd. (NYSE:TEL) – Equities research analysts at Zacks Research upped their FY2027 earnings estimates for shares of TE Connectivity in a research note issued to investors on Thursday, March 20th. Zacks Research analyst A. Ganguly now forecasts that the electronics maker will earn $9.76 per share for the year, up from their previous forecast of $9.75. The consensus estimate for TE Connectivity’s current full-year earnings is $8.05 per share.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.06. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.92 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.84 EPS.

A number of other research analysts have also recently commented on TEL. Hsbc Global Res upgraded shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 23rd. StockNews.com lowered shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Bank of America lifted their price objective on TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Robert W. Baird lifted their target price on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, Truist Financial dropped their price objective on TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, TE Connectivity currently has a consensus rating of “Hold” and an average price target of $167.00.

TE Connectivity Stock Up 2.0 %

TEL opened at $149.04 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $149.07 and its 200 day simple moving average is $148.35. TE Connectivity has a 52 week low of $137.61 and a 52 week high of $159.98. The stock has a market cap of $44.47 billion, a PE ratio of 23.81, a P/E/G ratio of 2.11 and a beta of 1.32.

Institutional Trading of TE Connectivity

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. bought a new position in TE Connectivity in the 4th quarter worth $26,000. SRS Capital Advisors Inc. increased its holdings in shares of TE Connectivity by 117.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 107 shares during the last quarter. Fairway Wealth LLC bought a new position in TE Connectivity during the fourth quarter valued at approximately $43,000. Golden State Wealth Management LLC purchased a new position in TE Connectivity during the 4th quarter valued at approximately $44,000. Finally, Hilltop National Bank purchased a new stake in shares of TE Connectivity during the 4th quarter worth approximately $55,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the completion of the sale, the insider now owns 25,976 shares of the company’s stock, valued at $3,812,497.52. This represents a 49.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is owned by insiders.

TE Connectivity Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be paid a $0.71 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.84 annualized dividend and a dividend yield of 1.91%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.65. TE Connectivity’s payout ratio is currently 45.37%.

TE Connectivity Company Profile

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.