In today’s recent session, 1.68 million shares of the TE Connectivity Ltd (NYSE:TEL) have been traded, and its beta is 1.36. Most recently the company’s share price was $141.05, and it changed around -$2.18 or -1.52% from the last close, which brings the market valuation of the company to $43.56B. TEL at last check was trading at a discount to its 52-week high of $147.98, offering almost -4.91% off that amount. The share price’s 52-week low was $115.00, which indicates that the recent value has risen by an impressive 18.47% since then. We note from TE Connectivity Ltd’s average daily trading volume that its 3-month average coming to 2.16 million.
TE Connectivity Ltd stock received a consensus recommendation rating of Overweight, based on a mean score of 2.05. If we narrow it down even further, the data shows that 1 out of 13 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 3 recommended TEL as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. TE Connectivity Ltd is expected to report earnings per share of $1.83 for the current quarter.
TE Connectivity Ltd (NYSE:TEL) trade information
Instantly TEL has been showing red trend so far today with a performance of -1.52% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently up 0.39% year-to-date, but still down -0.30% over the last five days. On the other hand, TE Connectivity Ltd (NYSE:TEL) is -0.40% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $161.17, which translates to bulls needing to increase their stock price by 12.48% from its current value. Analyst projections state that TEL is forecast to be at a low of $123 and a high of $190.
TE Connectivity Ltd (TEL) estimates and forecasts
TE Connectivity Ltd share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 21.54 percent over the past six months and at a 12.61% annual growth rate that is well above the industry average of 2.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 10.90% in revenue this quarter, and will report an increase of 8.50% in the next quarter. The year-over-year growth rate is expected to be 0.50%, up from the previous year.
Consensus estimates provided by 16 financial analysts predict the company will bring in an average of $3.96 billion in revenue for the current quarter. 16 analysts expect TE Connectivity Ltd to make $4.11 billion in revenue for the quarter ending Jun 2024.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -3.69%. TE Connectivity Ltd earnings are expected to increase by 12.58% in 2024, but the outlook is positive 7.50% per year for the next five years.
TEL Dividends
TE Connectivity Ltd’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 1.67 percent and its annual dividend per share was 2.36. It is important to note, however, that the 1.67% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
