TEL
TE Connectivity plc (NYSE: TEL) delivered record Q3 results with 14% sales growth and 19% EPS growth driven...
Article Summary
BUY- TE Connectivity plc (NYSE: TEL) delivered record Q3 results with 14% sales growth and 19% EPS growth driven by strong demand for its interconnect technologies.
- Industrial and Transportation segments delivered double-digit sales and EPS growth, and orders increased more than $1 billion year over year.
- TE Connectivity expects Q4 sales to reach approximately $5.25 billion, with EPS expected to rise to approximately $3.05.
- TE also announced a definitive agreement to acquire Astrodyne TDI, a leading provider of advanced power management and filtering solutions for mission critical industrial applications, at an approximate purchase price of $1.4 billion, subject to regulatory approvals and closing conditions.
- The acquisition is expected to contribute annual sales of over $250 million and will be reported as part of the Industrial Solutions segment.
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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 ? | 33.4% | 20% | 85.0 ptsLarge Upside (33.4%) - Target: $261.89 vs Current: $196.37 |
| Gross Margin % ? | 36.6% | 15% | 60.0 ptsSolid (36.6%) - Decent margins |
| Drawdown from 52-Wk High ? | -22.3% | 15% | 40.0 ptsMild Pullback (-22.3%) - 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.