TE Connectivity Ltd. (NYSE:TEL) is reporting third quarter earnings results on Wednesday 29th July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.40 per share.
For the full year, analysts predict revenues of $ 11589.50 million, while looking forward to income of $ 3.74 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 2,396.00 million ~ $ 2,396.00 million
Full Year 2020 topline are forecasted in a range of$ 12,850.00 million ~ $ 13,250.00 million, where as bottomline are predicted in a range of $ 4.95 ~ $ 5.25 per share
Click Here For More Historical Outlooks Of TE Connectivity Ltd.
Previous Quarter Performance
TE Connectivity Ltd. disclosed income for the second quarter of $ 1.29 per share, from the revenue of $ 3,195.00 million. The quarterly earnings down 9.15 percent compared with the same quarter last year. According to street consensus, TEL was expected to report 2Q20 income of $ 1.07 per share from revenue of $ 3006.57 million. The bottom line results beat street analysts by $ 0.22 or 20.56 percent, at the same time, top line results outshined analysts by $ 188.43 million or 6.27 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of TEL was $ 86.91, representing a 78.75 % increase from the 52 week low of $ 48.62 and a 13.95 % decrease over the 52 week high of $ 101.00.
The company has a market capital of $ 28.67 billion and is part of the Technology sector and Electronic Components industry.
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Recent Analyst recommendations
- On 15th July 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 89.00 target price.
- On 16th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 84.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.48 per share on May 5, 2020. The dividend were payable on June 5, 2020 to holders of record as of the close of business on May 22, 2020 and ex-dividend date on May 21, 2020.
Conference Call
TE Connectivity Ltd. will be hosting a conference call at 8:30 AM eastern time on 29th July 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.te.com
TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensors solutions in Europe, the Middle East, Africa, the Asia–Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions. The Transportation Solutions segment provides terminals and connector systems and components, sensors, antennas, relays, application tooling, wires, and heat shrink tubing products for use in the automotive, commercial transportation, and sensor markets.
