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MarketScreener Homepage  >  Equities  >  Nyse  >  TE Connectivity    TEL   CH0102993182

TE CONNECTIVITY

(TEL)
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TE Connectivity : Raises Fiscal Year EPS Outlook

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04/24/2019 | 06:43am EDT

By Donato Paolo Mancini

TE Connectivity Ltd. (TEL) on Wednesday said that sales and earnings-per-share exceeded guidance, and raised its full-year earnings-per-share outlook.

The technology company reported a net income for its fiscal second quarter of $439 million, or $1.29 a share, compared with $490 million, or $1.38, for the same period last year.

Sales in the quarter fell to $3.41 billion from $3.56 billion. The company sees net sales between $13.55 billion and $13.75 billion for the full fiscal year. It expects adjusted EPS between $5.55 and $5.65, up from its previous view of $5.35 to $5.55.

Write to Donato Paolo Mancini at donatopaolo.mancini@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
TE CONNECTIVITY 2.48% 82.5 Delayed Quote.23.13%
TE CONNECTIVITY 0.72% 93.38 Delayed Quote.23.47%
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Financials ($)
Sales 2019 13 694 M
EBIT 2019 2 377 M
Net income 2019 1 605 M
Debt 2019 2 955 M
Yield 2019 1,96%
P/E ratio 2019 19,10
P/E ratio 2020 15,44
EV / Sales 2019 2,45x
EV / Sales 2020 2,33x
Capitalization 30 624 M
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Technical analysis trends TE CONNECTIVITY
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 103 $
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
Terrence R. Curtin President
Thomas J. Lynch Chairman
Joel Dubs Senior Vice President-Operations
Heath A. Mitts Chief Financial Officer & Executive Vice President
Joseph F. Eckroth Chief Information Officer & Senior Vice President
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