TE Connectivity (TEL) Expected to Announce Earnings on Wednesday

TE Connectivity (NYSE:TEL) is projected to announce its earnings results before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $1.96 per share and revenue of $3.97 billion for the quarter. TE Connectivity has set its Q2 2025 guidance at 1.960-1.960 EPS and its Q2 guidance at ~$1.96 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.92 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the company posted $1.84 earnings per share. On average, analysts expect TE Connectivity to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

TE Connectivity Stock Up 1.8 %

TEL opened at $129.23 on Monday. TE Connectivity has a 52 week low of $116.30 and a 52 week high of $159.98. 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 has a 50 day moving average price of $142.92 and a two-hundred day moving average price of $146.37. The company has a market cap of $38.56 billion, a PE ratio of 20.64, a P/E/G ratio of 2.11 and a beta of 1.25.

TE Connectivity Increases Dividend

The company 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 dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.20%. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, May 21st. TE Connectivity’s payout ratio is 45.37%.

Analyst Ratings Changes

Several equities analysts have issued reports on TEL shares. Wells Fargo & Company boosted their target price on TE Connectivity from $151.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Bank of America raised their target price on TE Connectivity from $167.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Robert W. Baird lowered their price target on shares of TE Connectivity from $150.00 to $147.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price objective on shares of TE Connectivity from $169.00 to $146.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Truist Financial reduced their price target on shares of TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $156.90.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 25,976 shares in the company, valued at approximately $3,812,497.52. This trade represents a 49.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TE Connectivity

A hedge fund recently bought a new stake in TE Connectivity stock. Brighton Jones LLC bought a new stake in TE Connectivity Ltd. (NYSE:TEL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,736 shares of the electronics maker’s stock, valued at approximately $820,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

About TE Connectivity

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.