TE CONNECTIVITY LTD.

(TEL)
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Delayed Nyse  -  05/27 04:03:47 pm EDT
129.49 USD   +3.72%
05/19TE CONNECTIVITY LTD. : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits (form 8-K)
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05/19TE Connectivity to present at Bernstein's Strategic Decisions Conference
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05/19TE CONNECTIVITY LTD. : Ex-dividend day for
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TE Connectivity: Fiscal Q3 Earnings Snapshot

07/28/2021 | 06:12am EDT

SCHAFFHAUSEN, Switzerland (AP) _ TE Connectivity Ltd. (TEL) on Wednesday reported fiscal third-quarter net income of $580 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Schaffhausen, Switzerland-based company said it had net income of $1.74. Earnings, adjusted for costs related to mergers and acquisitions and restructuring costs, came to $1.79 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.

The electronics maker posted revenue of $3.85 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $3.73 billion.

For the current quarter ending in September, TE Connectivity expects its per-share earnings to be $1.65.

The company said it expects revenue in the range of $3.8 billion for the fiscal fourth quarter.

TE Connectivity expects full-year earnings to be $6.47 per share, with revenue expected to be $14.9 billion.

TE Connectivity shares have increased 14% since the beginning of the year, while the S&P's 500 index has risen 17%. The stock has climbed 53% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TEL at https://www.zacks.com/ap/TEL

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

All news about TE CONNECTIVITY LTD.
05/19TE CONNECTIVITY LTD. : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Fi..
AQ
05/19TE Connectivity to present at Bernstein's Strategic Decisions Conference
PR
05/19TE CONNECTIVITY LTD. : Ex-dividend day for
FA
04/29TE CONNECTIVITY LTD. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND R..
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04/29Tranche Update on TE Connectivity Ltd.'s Equity Buyback Plan announced on September 27,..
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04/28RBC Raises Price Target on TE Connectivity to $158 From $153, Maintains Outperform Rati..
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04/27TE Connectivity Up Over 5%, on Pace for Largest Percent Increase Since May 2020 -- Data..
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04/27TE Connectivity Seeks Acquisitions
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04/27TRANSCRIPT : TE Connectivity Ltd., Q2 2022 Earnings Call, Apr 27, 2022
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04/27TE CONNECTIVITY : announces second quarter results for fiscal year 2022 - Form 8-K
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Analyst Recommendations on TE CONNECTIVITY LTD.
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Financials (USD)
Sales 2022 15 795 M - -
Net income 2022 2 244 M - -
Net Debt 2022 2 817 M - -
P/E ratio 2022 18,9x
Yield 2022 1,57%
Capitalization 41 802 M 41 802 M -
EV / Sales 2022 2,82x
EV / Sales 2023 2,60x
Nbr of Employees 89 000
Free-Float 94,9%
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 129,49 $
Average target price 152,00 $
Spread / Average Target 17,4%
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Managers and Directors
Terrence R. Curtin Executive VP & President-Industrial Solutions
Heath A. Mitts Chief Financial Officer, Director & Executive VP
Thomas J. Lynch Chairman
Joseph F. Eckroth Chief Information Officer & Senior Vice President
Phil Gilchrist Chief Technology Officer & Vice President
Sector and Competitors