Amphenol Corp. (NYSE: APH) Stock Forecast For 2024: Increases Growth Prospects To $9 Per Share

In the last trading session, 3.89 million Amphenol Corp. (NYSE:APH) shares changed hands as the company’s beta touched 1.30. With the company’s per share price at $112.57 changed hands at $0.18 or 0.16% during last session, the market valuation stood at $67.72B. APH’s last price was a discount, traded about -6.24% off its 52-week high of $119.59. The share price had its 52-week low at $72.00, which suggests the last value was 36.04% up since then. When we look at Amphenol Corp.’s average trading volume, we note the 3-month average coming to 2.80 million.

Amphenol Corp. (NYSE:APH) trade information

Instantly APH was in green as seen at the end of in last trading. With action -2.10%, the performance over the past five days has been red. The jump to weekly highs of 116.18 added 0.16% to the stock’s daily price. The company’s shares are showing year-to-date upside of 13.56%, with the 5-day performance at -2.10% in the red. However, in the 30-day time frame, Amphenol Corp. (NYSE:APH) is 2.99% up.

Amphenol Corp. (APH) estimates and forecasts

Data shows that the Amphenol Corp. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 37.45% over the past 6 months, a 8.97% in annual growth rate that is considerably higher than the industry average of 8.80%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 10.05%. The 2024 estimates are for Amphenol Corp. earnings to increase by 10.25%, but the outlook for the next 5-year period is at 9.40% per year.

APH Dividends

Amphenol Corp. is expected to release its next quarterly earnings report on April 24. The 0.76% annual yield figure for the share gives it an annual dividend of 0.86. It is important to note, however, that the 0.76% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.