Amphenol Corporation (NYSE:APH) is scheduled to report Q4 earnings results on Wednesday, January 22, 2020. Amphenol management plans to host a conference call to discuss the Q4 results on the same day at 1:00 PM ET.
The company is expected to report earnings of $0.91/share on revenue of $1.997 billion before markets open for trading. The consensus earnings per share (EPS) of $0.91/share is based on a poll of 15 analysts and represents a decline of -13.3% over the same quarter last year when the company reported earnings of $1.05/share.
The revenue forecast of $1.997 billion based on a poll of 13 analysts implies a year-over-year (YoY) decline of -10.2%. Last year the company reported $2.225 billion in revenue for the quarter.
|Metric||Expected||Prior Year||YoY Change|
Analysts are generally bullish on Amphenol. Of the analysts tracked by Standard & Poors, eight have assigned a Buy rating, six have assigned a holding rating, and zero have assigned a sell recommendation. The general growth of the industrial sector, stricter regulations, and the Internet of Things (IoT) are expected to fuel growth for sensors and interconnect content.
The company’s dependency on the automotive and industrials markets does make Amphenol sensitive to economic downturns.
Earnings Call Trends
Historically, management has exceeded analyst expectations 7 out of the last 8 tracked quarters, and missed expectations 1 quarter.
What are your expectations from Amphenol for earnings this quarter? Let us know in the comments!
In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending September 30, 2019, the stock price reacted by increasing by 2.7%.
|Report Date||Price Day Prior||Price Next Day||Change %||Result|
Fundamentals And Technical Analysis
Amphenol is currently trading at $109.45/share, down -0.3% for the day. The company is trading at approximately 99.3% of its 52-week high of $110.24/share. The company’s stock price is up 7.5% since the last earnings report and up 0.3% over the previous week. The company’s 14 Day Relative Price Index (RSI) of 64.26 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.
The current share price implies a price-to-earnings (P/E) multiple of 27.4x and a forward P/E multiple of 28.8x. Amphenol’s current share price also implies a price-to-book (P/B) multiple of 7.8x. The following table summarizes some other key fundamental ratios:
|Last Fiscal Period||FY2019.Q3|
|Period End Date||September 30, 2019|
|Stock Price (Current)||$109.45|
|P/E Ratio (Fwd)||28.8x|
|Total Debt to Capital (%)||11.3%|
|Levered Free Cash Flow||$1.131 billion|
|Enterprise Value / EBITDA||17.7x|
Company Profile: Amphenol Corporation
Amphenol Corporation is a large-cap stock with a market capitalization of $32.451 billion and a total enterprise value of $35.656 billion. The company operates in the Information Technology sector and the Electronic Equipment, Instruments & Components industry.
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures and markets electrical, electronic, and fiber-optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions.
The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors. It also provides value-add products, such as backplane interconnect systems, cable assemblies, and harnesses, and cable management products; and other products comprising antennas, flexible and rigid printed circuit boards, hinges, molded parts, production-related products, sensors and sensor-based products, and switches.
The Cable Products and Solutions segment offers coaxial, power, and specialty cables; cable assemblies; and components, which include combiner/splitter products, connector and connector systems, and fiber optic components. The company sells its products through its sales force, independent representatives, and a network of electronics distributors to original equipment manufacturers, electronic manufacturing services companies, original design manufacturers, and service providers in the automotive, broadband communication, commercial aerospace, industrial, information technology and data communication, military, mobile device, and mobile network markets.
Amphenol Corporation was founded in 1932 and is headquartered in Wallingford, Connecticut.