|Bid||77.84 x 200|
|Ask||77.87 x 100|
|Day's Range||76.92 - 78.18|
|52 Week Range||73.70 - 108.23|
|Beta (3Y Monthly)||1.50|
|PE Ratio (TTM)||20.62|
|Forward Dividend & Yield||1.76 (2.22%)|
|1y Target Est||N/A|
TE Connectivity's fourth-quarter fiscal 2018 results benefit from robust growth in Industrial and Communications segments but seasonality takes a toll.
Germany's First Sensor is preparing for a potential sale as its largest owner Deutsche Private Equity (DPE) readies an exit from the maker of electronic sensors used in industrial, medical and mobility products, people close to the matter said. First Sensor is a diversified maker of optical, pressure radiation and temperature sensors used across for pattern recognition tasks in a range of industrial, medical, and autonomous driving markets. DPE is considering options for First Sensor after receiving inbound interest for the company, in which it first invested in 2011, the sources said, adding that DPE was expected to shortly hire a financial advisor for the deal.
Shares of TE Connectivity Ltd. rose 1.2% in morning trade, after the maker of connectivity and sensors products reported fiscal first-quarter earnings that beat expectations, although the outlook was downbeat. Net income rose to $1.66 billion, or $4.75 a share, from $434 million, or $1.22 a share, in the same period a year ago, as last year's results showed results of SubCom, which was divested, as discontinued operations. Excluding non-recurring items, adjusted earnings per share came to $1.35, above the FactSet consensus of $1.33. Revenue rose 9% to $3.51 billion, but came up shy of expectations of $3.65 billion, according to FactSet. The Switzerland-based company expects fiscal first-quarter adjusted EPS of $1.25 to $1.29, below the FactSet consensus of $1.39, and fiscal 2019 adjusted EPS of $5.60 to $5.80, below expectations of $5.99. "As we begin 2019, we expect a slower growth environment in some of our markets," said Chief Executive Terrance Curtin. The stock, which closed at a 17-month low last week, has dropped 15.5% over the past three months, while the S&P 500 has lost 3.5%.
Investing.com - TE Connectivity (NYSE:TEL) reported fourth quarter earnings that beat analyst's expectations on Wednesday and revenue that fell short of forecasts.
Nokia (NOK) has been undertaking a strategic review of its undersea cables unit, including looking at a possible sale of the business. While addressing investors in October 2017, Nokia CEO Rajeev Suri noted that the company was still reviewing its options regarding the undersea cables business and that there were no updates to share at that time.
Based on TE Connectivity Ltd’s (NYSE:TEL) earnings update in June 2018, analyst consensus outlook appear cautiously optimistic, with profits predicted to increase by 40% next year against the past 5-year Read More...
TE Connectivity (TEL) delivered earnings and revenue surprises of 1.50% and -3.61%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Schaffhausen, Switzerland-based company said it had profit of $4.75. Earnings, adjusted for one-time gains and costs, were $1.35 per share. The results exceeded Wall Street expectations. ...
This could indicate that investors who seek to profit from falling equity prices are not currently targeting TEL. TEL credit default swap spreads are within the middle of their range for the last three years.
Even as it embraces automation for efficiency, TE Connectivity is finding that such equipment can create other jobs in operations.
Gores, controlled by billionaire Alec Gores, bought Elo from TE Connectivity Ltd. in June 2012 for $380 million.
The once red-hot semiconductor sector is slowing down, with one team of analysts cutting their stock estimates for the first time in three years. In a recent research note, Morgan Stanley analyst Craig Hettenbach lowered his estimates for the chip sector in the fourth quarter and the year ahead. Hettenbach also reduced his price forecast for seven stocks including Qorvo Inc. ( QRVO), Microchip Technology Inc. ( MCHP), and TE Connectivity Ltd. ( TEL).
Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of TE Connectivity Ltd (NYSE:TEL) as an investment opportunity by taking theRead More...
Wilbur Ross sat down with CNBC reporters on Tuesday, Sept. 18, to discuss the tariffs that President Trump announced on Monday night. The most recent round of tariffs are on $200 billion worth of goods. China retaliated on Tuesday with tariffs worth $60 billion on U.S. goods.
TE Connectivity (TEL) decides to sell SubCom business to Cerberus Capital in a bid to focus more on gaining industrial leadership.
TE Connectivity has agreed to sell its subsea communications business to Cerberus Capital Management for $325 million in cash.
TE Connectivity Ltd. said Monday it reached a deal to sell its subsea communications business for $325 million in cash to private equity firm Cerberus Capital Management LP. The Switzerland-based connectivity and sensors maker said it plans to use the proceeds from the deal, which is expected to close by the end of the fiscal first quarter, which ends December, to fund share repurchases. The SubCom subsea business was expected to contribute $700 million to fiscal 2018 sales, with a "minimal" contribution to profitability. TE Connectivity shares, which were still inactive in premarket trade, had slipped 3.4% year to date, while the S&P 500 has gained 8.7%.