Headquartered in Wallingford, Connecticut, Amphenol Corporation (APH) is a leading electronics manufacturer specializing in connectors, interconnect systems, antennas, sensors, and cables. Valued at a market cap of $83.7 billion, the company serves diverse markets including automotive, aerospace, industrial, and data communications globally. The company is expected to unveil its fiscal Q4 earnings results before the market opens on Wednesday, Jan. 22.
Ahead of the event, analysts anticipate APH to report a profit of $0.50 per share, up 22% from $0.41 per share in the same quarter last year. The company has consistently surpassed Wall Street's earnings projections over the last four quarters. In the most recent quarter, the company exceeded the consensus estimate by 11%.
For fiscal 2024, analysts expect APH to report EPS of $1.84, up 22.7% from $1.50 in fiscal 2023.
Over the past year, APH has surged 42.5%, outperforming the S&P 500 Index's ($SPX) 23.7% gain and the Technology Select Sector SPDR Fund's (XLK) 23.8% rise over the same period.
Amphenol's shares rose 2.4% following the release of its Q3 earnings on Oct. 23. The company posted record sales of $4.04 billion, a 26% increase with 15% organic growth year-over-year, and a record adjusted EPS of $0.50, up 28% from the previous year.
For the full year, sales are projected to reach $14.85 billion to $14.95 billion, with adjusted EPS between $1.82 and $1.84.
Analysts' consensus rating on Amphenol stock is cautiously optimistic, with a "Moderate Buy" rating overall. Out of 15 analysts covering the stock, opinions include 10 "Strong Buys" and five "Holds."
The average analyst price target for APH is $78.93, suggesting a potential upside of 14.4% from current levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. More news from Barchart- 2 Quantum Computing Stocks to Buy for a Quantum ‘Gold Rush’ in 2025
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