Amphenol Corporation APH reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates on Wednesday.
Amphenol reported a fiscal fourth-quarter 2024 sales increase of 30% year-on-year to $4.32 billion, topping the analyst consensus estimate of $4.07 billion.
Adjusted EPS of 55 cents beat the analyst consensus estimate of 50 cents.
Amphenol expects first-quarter sales of $4.00 billion-$4.10 billion. This represents a 23%-26% increase over the prior-year quarter, and the street view pegs expectations at $3.93 billion.
The company sees adjusted EPS of $0.49–$0.51, representing a 23%–28% increase Y/Y. The analyst consensus stands at $0.48.
Amphenol shares gained 7% to close at $77.84 on Wednesday.
These analysts made changes to their price targets on Amphenol following earnings announcement.
- JP Morgan analyst Samik Chatterjee maintained Amphenol with an Overweight rating and raised the price target from $85 to $90.
- Baird analyst Luke Junk maintained Amphenol with an Outperform rating and boosted the price target from $85 to $89.
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