TE Connectivity Ltd. New Switze (NYSE:TEL):
TE Connectivity to sponsor and actively recruit at 2016 Society of Women Engineers Conference in Philadelphia Oct. 27-28.
The company is now up by 0.35 percent from yesterday’s close.
The company also recently declared a dividend for shareholders that was paid on Friday the 9th of September 2016. The dividend payment was $0.370 per share for the quarter or $1.48 on an annualized basis. This dividend amount represented a yeild of $2.39. The ex-dividend date was Tuesday the 25th of November 2014.
It is trading at $62.36 just below the 50 day moving average of $62.70 and barely above the 200 day moving average of $60.91. The 50 day moving average went down $-0.34 or -0.54% whereas the 200 day average was up by +2.38%.
The most current P/E ratio is 9.10 and the market cap is 22.17B. In the latest earnings report the EPS was $6.85 and is estimated to be $4.02 for the current year with 355,549,000 shares now outstanding. Next quarter’s EPS is estimated at $0.97 and the next full year EPS is projected to be $4.33.
A few Wall Street investment firms have issued ratings on the stock. On May 9 the company was downgraded to “Neutral” from “” and a price target of $66.00 was set by analysts at Goldman Sachs. On March 29 the stock rating was downgraded from “Buy” to “Neutral” by SunTrust Robinson Humphrey.
On March 2, 2016 the stock rating was changed to a “Hold” by Berenberg which is down from the previous “” rating. January 21 investment analysts at SunTrust Robinson Humphrey maintained a company rating of “Buy” and lowered the price target from $74.00 to $70.00.
On January 14 the company was rated “Neutral” in a report from Longbow Research which was a cut from the previous “Buy” rating. On September 25 RBC Capital left the stock rating at “Outperform” but moved down the price target to $73.00 from $80.00.