Equities analysts forecast that TE Connectivity Ltd (NYSE:TEL) will post sales of $3.65 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for TE Connectivity’s earnings, with the highest sales estimate coming in at $3.67 billion and the lowest estimate coming in at $3.64 billion. TE Connectivity reported sales of $3.46 billion during the same quarter last year, which indicates a positive year over year growth rate of 5.5%. The company is scheduled to report its next quarterly earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that TE Connectivity will report full-year sales of $14.64 billion for the current year, with estimates ranging from $14.63 billion to $14.66 billion. For the next year, analysts forecast that the company will post sales of $15.31 billion per share, with estimates ranging from $15.13 billion to $15.47 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover TE Connectivity.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, July 25th. The electronics maker reported $1.43 EPS for the quarter, beating the 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 business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the business posted $1.24 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year.

Several research firms have recently commented on TEL. Zacks Investment Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a report on Wednesday, June 6th. Morgan Stanley reduced their price target 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 reduced their price target 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $112.91.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of TE Connectivity by 0.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 142,091 shares of the electronics maker’s stock worth $12,797,000 after acquiring an additional 619 shares in the last quarter. Cornercap Investment Counsel Inc. increased its stake in TE Connectivity by 1.6% during the 1st quarter. Cornercap Investment Counsel Inc. now owns 41,495 shares of the electronics maker’s stock valued at $4,145,000 after purchasing an additional 670 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in TE Connectivity by 6.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 11,385 shares of the electronics maker’s stock valued at $1,137,000 after purchasing an additional 688 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in TE Connectivity by 2.7% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 26,851 shares of the electronics maker’s stock valued at $2,418,000 after purchasing an additional 705 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its stake in TE Connectivity by 1.7% during the 1st quarter. Summit Trail Advisors LLC now owns 43,395 shares of the electronics maker’s stock valued at $2,504,000 after purchasing an additional 732 shares in the last quarter. Hedge funds and other institutional investors own 87.85% of the company’s stock.

Shares of NYSE:TEL traded up $0.11 during trading hours on Monday, hitting $91.88. The company’s stock had a trading volume of 2,172,400 shares, compared to its average volume of 1,734,245. TE Connectivity has a 52 week low of $80.93 and a 52 week high of $108.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.98 and a current ratio of 1.47. The firm has a market cap of $31.62 billion, a P/E ratio of 19.02, a P/E/G ratio of 1.48 and a beta of 1.01.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Friday, August 24th were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, August 23rd. This represents a $1.76 annualized dividend and a dividend yield of 1.92%. TE Connectivity’s dividend payout ratio (DPR) is presently 36.44%.

TE Connectivity Company Profile

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

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