Stock Update (NYSE:TEL): TE Connectivity Announces Fiscal 2016 Third Quarter Dividend Record and Payment Dates
May 12, 2016 at 17:05 PM EDT
[PR Newswire] – SCHAFFHAUSEN, Switzerland, May 12, 2016 /PRNewswire/ — TE Connectivity Ltd. (NYSE: TEL) today announced that the $0.37 per share quarterly dividend for the third quarter of fiscal year 2016 will be payable … Read more on this. TE Connectivity Ltd. (TEL) , currently valued at $21.00B, started the session at $59.25. A quick look at the market, the company’s stock traded between $58.29 and $59.27 and has traded between $51.70 and $71.04 over the past year. TEL shares are currently priced at 14.74x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.93x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.32 per share annually in dividends, yielding 2.24%. In a review of the consensus earnings estimate this quarter, 11 sell-side analysts are looking at $1.04 per share, which would be $0.14 better than the year-ago quarter and a $0.04 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.00, which would be a $0.40 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.12 Billion. If reported, that would be a 0.00% decrease over the year-ago quarter. Recently, Goldman downgraded TEL from Buy to Neutral (May 9, 2016). Previously, Sun Trust Rbsn Humphrey downgraded TEL from Buy to Neutral. When considering if perhaps the stock is under or overvalued, the average price target is $69.00, which is 16.46% above where the stock opened this morning. See more in (NYSE:TEL) Similar Articles: Company Update (NYSE:TEL): TE Connectivity Announces STRADA Whisper DPO Configuration Connectors Stock Update (NYSE:TEL): TE Connectivity Announces Pricing of $350 Million Senior Notes Offering Stock Update (NYSE:TEL): TE Connectivity to Report Fiscal 2016 First Quarter Results on January 20, 2016
