TE Connectivity (TEL) to Release Quarterly Earnings on Wednesday

TE Connectivity (NYSE:TEL) will post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect TE Connectivity to post earnings of $1.95 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

TE Connectivity Price Performance

TE Connectivity stock opened at $149.13 on Monday. TE Connectivity has a 12 month low of $115.00 and a 12 month high of $159.98. The stock’s 50 day moving average is $148.02 and its 200-day moving average is $148.28. The company has a current ratio of 1.51, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $45.67 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 1.89 and a beta of 1.33.

Insiders Place Their Bets

In other TE Connectivity news, CFO Heath A. Mitts sold 59,700 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total transaction of $9,235,590.00. Following the completion of the sale, the chief financial officer now directly owns 38,073 shares in the company, valued at $5,889,893.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other TE Connectivity news, CFO Heath A. Mitts sold 59,700 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total transaction of $9,235,590.00. Following the completion of the sale, the chief financial officer now directly owns 38,073 shares in the company, valued at $5,889,893.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert J. Ott sold 2,913 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total value of $450,320.67. Following the completion of the transaction, the senior vice president now owns 25,504 shares of the company’s stock, valued at $3,942,663.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Truist Financial upped their target price on TE Connectivity from $151.00 to $156.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Hsbc Global Res raised TE Connectivity to a “hold” rating in a research report on Wednesday, July 24th. StockNews.com started coverage on TE Connectivity in a research report on Wednesday, October 23rd. They set a “buy” rating on the stock. Bank of America reduced their price target on TE Connectivity from $173.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, Wolfe Research raised TE Connectivity from a “peer perform” rating to an “outperform” rating in a research report on Thursday, September 5th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, TE Connectivity presently has a consensus rating of “Hold” and an average price target of $161.82.

About TE Connectivity

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.