Amphenol Analysts Increase Their Forecasts After Upbeat Results

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.

Considering buying KR stock? Here’s what analysts think: