Amphenol Corporation (APH) 2Q20 Earnings Preview

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Amphenol Corporation (NYSE:APH) is reporting second quarter financial results on Wednesday 22nd July 2020, before market open.

According to analysts surveyed by Thomson Reuters, APH is expected to report 2Q20 income of $ 0.63 per share from revenue of $ 1759.20 million.

For the full year, analysts anticipate top line of $ 7576.92 million, while looking forward to income of $ 2.96 per share bottom line.

The Company Outlook

Full Year 2020 topline are forecasted in a range of$ 8,240.00 million ~ $ 8,400.00 million, where as bottomline are predicted in a range of $ 3.76 ~ $ 3.84 per share

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Previous Quarter Performance

Amphenol Corporation unfold income for the first quarter of $ 0.71 per share, from the revenue of $ 1,862.00 million. The quarterly earnings down 20.22 percent while revenues fell 4.93 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.73 per share from $ 1831.02 million in revenue. The bottom line results missed street analysts by $ 0.02 or 2.74 percent, at the same time, top line results outshined analysts by $ 30.98 million or 1.69 percent.

Historical Earnings Performance
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Stock Performance

According to the previous trading day, closing price of APH was $ 102.10, representing a 61.93 % increase from the 52 week low of $ 63.05 and a 7.38 % decrease over the 52 week high of $ 110.24.

The company has a market capital of $ 30.21 billion and is part of the Technology sector and Electronic Components industry.

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Recent Analyst recommendations

On 16th June 2020, maintained by Morgan Stanley at Overweight rating, with $ 101.00 target price.

Recent Stock Dividend Announcement

On April 29, 2020, the board of directors authorized quarterly dividend of $ 0.25 per share to holders of record as of the close of business on June 16, 2020, with payment date of July 8, 2020 and ex-dividend date on June 15, 2020.

Conference Call

Amphenol Corporation will be hosting a conference call at 1:00 PM eastern time on 22nd July 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, 888-455-0949 Toll Free or 1-773-799-3973 Toll Number in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/sqyx9qei

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.