Equities research analysts expect TE Connectivity Ltd (NYSE:TEL) to report sales of $3.27 billion for the current quarter, according to Zacks. Six analysts have issued estimates for TE Connectivity’s earnings, with estimates ranging from $3.25 billion to $3.33 billion. TE Connectivity reported sales of $3.51 billion during the same quarter last year, which would suggest a negative year over year growth rate of 6.8%. The company is expected to issue its next quarterly earnings report on Wednesday, October 30th.

According to Zacks, analysts expect that TE Connectivity will report full-year sales of $13.42 billion for the current year, with estimates ranging from $13.40 billion to $13.47 billion. For the next fiscal year, analysts expect that the firm will post sales of $13.67 billion, with estimates ranging from $13.37 billion to $14.04 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow TE Connectivity.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.08. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.43 billion. TE Connectivity had a return on equity of 18.33% and a net margin of 22.94%. TE Connectivity’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period last year, the company earned $1.43 earnings per share.

TEL has been the subject of a number of analyst reports. HC Wainwright restated a “sell” rating on shares of TE Connectivity in a research note on Friday, May 3rd. Morgan Stanley decreased their price target on TE Connectivity from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Goldman Sachs Group upgraded TE Connectivity from a “neutral” rating to a “buy” rating and raised their price target for the company from $92.00 to $105.00 in a research note on Thursday, June 20th. Longbow Research downgraded TE Connectivity from a “buy” rating to a “neutral” rating and set a $90.66 price target for the company. in a research note on Monday, June 17th. Finally, Cross Research downgraded TE Connectivity from a “buy” rating to a “hold” rating in a research note on Tuesday, July 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $92.21.

In related news, Director Thomas J. Lynch sold 124,400 shares of TE Connectivity stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $93.41, for a total transaction of $11,620,204.00. Following the completion of the sale, the director now directly owns 290,316 shares of the company’s stock, valued at approximately $27,118,417.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Steven T. Merkt sold 65,650 shares of TE Connectivity stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $93.55, for a total value of $6,141,557.50. Following the sale, the insider now directly owns 89,854 shares of the company’s stock, valued at $8,405,841.70. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in TEL. Waddell & Reed Financial Inc. raised its holdings in TE Connectivity by 25.8% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,959,840 shares of the electronics maker’s stock valued at $187,713,000 after acquiring an additional 401,754 shares in the last quarter. Worldquant Millennium Advisors LLC raised its holdings in TE Connectivity by 17.1% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 89,286 shares of the electronics maker’s stock valued at $8,552,000 after acquiring an additional 13,068 shares in the last quarter. Stonebridge Capital Advisors LLC acquired a new position in TE Connectivity in the 2nd quarter valued at $103,000. Doyle Wealth Management acquired a new position in TE Connectivity in the 2nd quarter valued at $61,000. Finally, Nuveen Asset Management LLC raised its holdings in TE Connectivity by 19,806.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,570,836 shares of the electronics maker’s stock valued at $150,455,000 after acquiring an additional 1,562,945 shares in the last quarter. 91.55% of the stock is owned by institutional investors and hedge funds.

TEL stock traded down $0.70 during mid-day trading on Friday, reaching $87.29. The company had a trading volume of 1,238,460 shares, compared to its average volume of 1,497,847. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.47 and a quick ratio of 0.94. The stock’s 50 day moving average is $92.25. The company has a market capitalization of $29.61 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 1.49 and a beta of 1.20. TE Connectivity has a 52 week low of $69.84 and a 52 week high of $97.99.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 23rd will be paid a $0.46 dividend. The ex-dividend date is Thursday, August 22nd. This represents a $1.84 dividend on an annualized basis and a yield of 2.11%. TE Connectivity’s dividend payout ratio is 32.80%.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensors solutions in Europe, the Middle East, Africa, the Asia–Pacific, and the Americas. 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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