TE Connectivity FY2027 EPS Estimate Raised by Zacks Research

TE Connectivity Ltd. (NYSE:TEL) – Investment analysts at Zacks Research raised their FY2027 earnings estimates for TE Connectivity in a research report issued to clients and investors on Thursday, March 20th. Zacks Research analyst A. Ganguly now expects that the electronics maker will earn $9.76 per share for the year, up from their prior estimate of $9.75. The consensus estimate for TE Connectivity’s current full-year earnings is $8.05 per share.

A number of other research firms have also recently weighed in on TEL. Hsbc Global Res raised shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company increased their price objective on shares of TE Connectivity from $151.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. Bank of America increased their price objective on shares of TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Citigroup increased their price objective on shares of TE Connectivity from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Finally, Robert W. Baird increased their price objective on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $167.00.

TE Connectivity Stock Down 0.1 %

Shares of NYSE:TEL opened at $146.10 on Monday. The stock has a market capitalization of $43.59 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32. TE Connectivity has a 1-year low of $137.61 and a 1-year high of $159.98. The company’s fifty day moving average is $148.91 and its two-hundred day moving average is $148.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.92 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.84 earnings per share.

TE Connectivity Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Wednesday, May 21st. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.65. TE Connectivity’s dividend payout ratio is currently 45.37%.

Insider Activity at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TE Connectivity

Several large investors have recently made changes to their positions in TEL. Pinnacle Bancorp Inc. bought a new position in shares of TE Connectivity during the 4th quarter valued at about $26,000. SRS Capital Advisors Inc. boosted its position in shares of TE Connectivity by 117.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 107 shares in the last quarter. Fairway Wealth LLC bought a new position in shares of TE Connectivity during the 4th quarter valued at about $43,000. Golden State Wealth Management LLC acquired a new position in shares of TE Connectivity in the fourth quarter worth about $44,000. Finally, Hilltop National Bank acquired a new position in shares of TE Connectivity in the fourth quarter worth about $55,000. Institutional investors 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.