Amphenol Stock Gains After Q1 Print, What's Going On?
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Amphenol Corporation Financial Performance:
- Reported a 9% year-on-year sales increase in the fiscal first quarter to $3.256 billion, surpassing consensus expectations.
- Adjusted EPS of $0.80 exceeded consensus estimates, with an adjusted operating margin of 21.0%.
- Held $1.96 billion in cash and equivalents as of March 31, 2024.
- Approved a new three-year, $2 billion stock repurchase plan on April 23, 2024.
Outlook and Expectations:
- Expects second-quarter sales of $3.24 billion to $3.30 billion, representing a 6%—8% increase over the prior-year quarter.
- Forecasts adjusted EPS of $0.79 – $0.81, a 10% – 13% increase Y/Y, with analyst consensus at $0.79.
Market Performance and Investor Information:
- Amphenol stock gained over 48% in the last 12 months.
- Investors can access the stock through VictoryShares THB Mid Cap ETF MDCP and AdvisorShares Focused Equity ETF CWS.
- APH shares traded 2.97% higher at $117.65 at the last check on Wednesday.
Analyst Views on CWS
Wall Street analysts forecast CWS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CWS is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 70.921
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
