TEL
TE Connectivity: Fiscal Q3 Earnings Snapshot
Article Summary
HOLD- TE Connectivity Ltd. (NYSE: TEL) reported fiscal third-quarter net income of $748 million on Wednesday, with earnings adjusted for restructuring costs and amortization costs reaching $2.94 per share.
- The results topped Wall Street expectations, with the average estimate of four analysts surveyed by Zacks Investment Research for earnings of $285 per share, while the electronics maker posted revenue of $5.16 billion in the period.
- TE Connectivity expects current-quarter per-share earnings to be $3.05 for the quarter ending in September, with revenue expected to be in the range of $ 5.25 billion.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 16.7% | 25% | 60.0 ptsModerate (16.7%) - Decent growth |
| EPS Growth Next 5Y ? | 17.0% | 25% | 50.0 ptsMeets Minimum (17.0%) - Passes screener |
| Target Price Upside ? | 34.9% | 20% | 85.0 ptsLarge Upside (34.9%) - Target: $261.89 vs Current: $194.11 |
| Gross Margin % ? | 36.6% | 15% | 60.0 ptsSolid (36.6%) - Decent margins |
| Drawdown from 52-Wk High ? | -23.1% | 15% | 40.0 ptsMild Pullback (-23.1%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About TEL
- TE Connectivity plc, together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the Asia–Pacific, and the Americas.
- The company operates through two reportable segments, Transportation Solutions and Industrial Solutions.
- It provides antennas, application tooling, cable assemblies, connectors, electromagnetic compatibility/electromagnetic interference solutions, energy and power, fiber optics, heat shrink tubing, identification and labeling, medical components, passive components, relays and contactors, sensors, switches, terminals and splices, wires and cables, and wire protection and management solutions.
- The company also offers training and other services, including 3D printing for production, back shells prototyping, electrical installation training, HarnWare software, machine tooling service and repair, medical device design services, microfluidic devices, and sensor manufacturing services as well as conducts automotive webinars.
- It serves 5G and wireless equipment, aerospace, appliances, automation and control, automotive, autosport, commercial and industrial vehicles, connected home, data centers and artificial intelligence, defense and military, energy solutions, e-mobility, industrial machinery, intelligent buildings, IoT connectivity, medical technologies, oil and gas/marine, personal electronics and wearable technology, rail, sensor applications, space, and other industries.
- The company was formerly known as Tyco Electronics Ltd. and changed its name to TE Connectivity plc in March 2011.
- TE Connectivity plc was founded in 1941 and is based in Ballybrit, Ireland.