TE Connectivity Ltd. (NYSE:TEL) is set to announce fourth quarter earning results on Wednesday 28th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, TEL to report 4Q20 income of $ 0.84 per share.
For the full year, analysts anticipate top line of $ 11774.10 million, while looking forward to income of $ 3.96 per share bottom line.
The Company Outlook
Revenue for 4Q20 are expected in a range of $ 2,803.00 million ~ $ 2,803.00 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. revealed income for the third quarter of $ 0.59 per share, from the revenue of $ 2,548.00 million. The quarterly earnings declined 60.67 percent while revenues contracted 24.82 percent compared with the same quarter last year.
According to street consensus, TEL was expected to report 3Q20 income of $ 0.40 per share from revenue of $ 2395.65 million. The bottom line results beat street analysts by $ 0.19 or 47.50 percent, at the same time, top line results outshined analysts by $ 152.35 million or 6.36 percent.
Stock Performance
Shares of TE Connectivity Ltd. traded low $ -2.30 or -2.21 percent on Tuesday, reaching $ 101.67 with volume of 1.49 million shares. TE Connectivity Ltd. has traded high as $ 104.28 and has cracked $ 101.57 on the downward trend
According to the previous trading day, closing price of $ 101.67, representing a 113.84 % increase from the 52 week low of $ 48.62 and a 4.85 % decrease over the 52 week high of $ 109.27.
The company has a market capital of $ 33.55 billion and is part of the Technology sector and Electronic Components industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Jefferies Financial Group at Buy rating, with $ 126.00 target price.
- On 5th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 97.00 target price.
- On 16th September 2020, initiated by UBS Group at Buy rating, with $ 130.00 target price.
Recent Stock Dividend Announcement
On August 4, 2020, the board of directors authorized quarterly dividend of $ 0.48 per share to holders of record as of the close of business on August 21, 2020, with payment date of September 4, 2020 and ex-dividend date on August 20, 2020.
Conference Call
TE Connectivity Ltd. will be hosting a conference call at 8:30 AM eastern time on 28th October 2020, to discuss its 4Q20 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 AsiaPacific, 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.
