Brokerages forecast that TE Connectivity Ltd (NYSE:TEL) will report $1.33 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for TE Connectivity’s earnings, with the highest EPS estimate coming in at $1.36 and the lowest estimate coming in at $1.32. TE Connectivity reported earnings per share of $1.25 during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.4%. The company is expected to issue its next quarterly earnings report on Wednesday, November 7th.

According to Zacks, analysts expect that TE Connectivity will report full-year earnings of $5.59 per share for the current year, with EPS estimates ranging from $5.56 to $5.63. For the next year, analysts anticipate that the business will report earnings of $6.04 per share, with EPS estimates ranging from $5.84 to $6.28. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for TE Connectivity.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, July 25th. The electronics maker reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.06. TE Connectivity had a net margin of 9.26% and a return on equity of 20.33%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the firm posted $1.24 EPS. The business’s revenue for the quarter was up 11.8% on a year-over-year basis.

Several equities analysts have recently weighed in on the stock. Goldman Sachs Group upgraded shares of TE Connectivity from a “sell” rating to a “neutral” rating and set a $101.00 price objective for the company in a research report on Wednesday, April 18th. Robert W. Baird restated a “buy” rating and set a $123.00 price objective on shares of TE Connectivity in a research report on Tuesday, April 17th. Zacks Investment Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Wednesday, June 6th. Morgan Stanley decreased their target price on shares of TE Connectivity from $117.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, July 26th. Finally, Wells Fargo & Co decreased their target price on shares of TE Connectivity from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Tuesday, July 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $112.91.

In other news, SVP Tim Murphy sold 17,100 shares of the stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $96.20, for a total value of $1,645,020.00. Following the completion of the sale, the senior vice president now directly owns 14,652 shares of the company’s stock, valued at $1,409,522.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Summit Trail Advisors LLC raised its position in TE Connectivity by 5,769.8% during the first quarter. Summit Trail Advisors LLC now owns 2,504,217 shares of the electronics maker’s stock valued at $2,504,000 after acquiring an additional 2,461,554 shares in the last quarter. BlackRock Inc. raised its position in TE Connectivity by 10.6% during the first quarter. BlackRock Inc. now owns 19,275,556 shares of the electronics maker’s stock valued at $1,925,628,000 after acquiring an additional 1,850,482 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of TE Connectivity by 139.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,681,710 shares of the electronics maker’s stock valued at $267,904,000 after purchasing an additional 1,563,964 shares during the period. Janus Henderson Group PLC raised its position in shares of TE Connectivity by 12.9% in the second quarter. Janus Henderson Group PLC now owns 12,603,520 shares of the electronics maker’s stock valued at $1,135,059,000 after purchasing an additional 1,443,941 shares during the period. Finally, Columbus Circle Investors bought a new position in shares of TE Connectivity in the first quarter valued at approximately $43,743,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Shares of TE Connectivity traded down $1.50, hitting $92.15, during trading hours on Friday, Marketbeat reports. 1,648,570 shares of the company’s stock traded hands, compared to its average volume of 1,737,740. TE Connectivity has a 52 week low of $77.15 and a 52 week high of $108.23. The company has a current ratio of 1.47, a quick ratio of 0.98 and a debt-to-equity ratio of 0.35. The firm has a market cap of $32.63 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 1.53 and a beta of 1.04.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Friday, August 24th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Thursday, August 23rd. TE Connectivity’s dividend payout ratio (DPR) is 36.44%.

About TE Connectivity

TE Connectivity Ltd., together with its subsidiaries, engages in the design, manufacture, and sale of connectivity and sensors solutions in the Americas, Europe, the Middle East, Africa, and the Asia?Pacific. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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