By | July 25, 2018

TE Connectivity Ltd. (NYSE:TEL) reported change of 2.51% to $94 with the recent traded volume of 2819955 shares in most recent trading session compared to an average volume of 1.64M. The stock was up over last five days period with 1.80%. The one month performance of stock was -1.19%. TEL shares are at -3.83% for the quarter and driving a 15.10% return over the course of the past year and is now at -1.09% since this point in 2018.

The Company has earnings of $ 1.88B and made $6.60 sales for the last 12 months. Its quarter to quarter sales remained 16.10% and sales observed at -0.30% over past 5 years. The stock beta value is 1.03. TEL is -2.14% upward its 200-day moving average. On a similar note, the stock is -0.19% above its 50-day moving average. The average volatility for the week and month was at 1.18% 1.65% respectively. The company holds 353.04M shares outstanding and 349.56M shares are floated in market.

TE Connectivity Ltd. (NYSE:TEL) reported results for the fiscal third quarter, which ended June 29, 2018.

Third Quarter Highlights

Net sales were $3.8 billion, up 12 percent as reported and 6 percent organically over the third quarter of 2017

Diluted earnings per share (EPS) from continuing operations were $1.29, up 7 percent from the third quarter of 2017, and adjusted EPS were $1.43, 15 percent growth over the same period in 2017

Cash flow from continuing operating activities was $800 million and free cash flow was $504 million, with $382 million returned to shareholders

Orders, excluding the company’s SubCom business, were $3.7 billion in the quarter, up 9 percent organically from the third quarter of 2017

Third Quarter Results

For the third quarter, the company reported net sales of $3.8 billion, with diluted EPS from continuing operations of $1.29, and adjusted EPS of $1.43. Cash flow from continuing operating activities was $800 million and free cash flow was $504 million. Excluding SubCom, total orders were $3.7 billion, up 15 percent as reported and 9 percent organically over the third quarter of 2017. The book-to-bill ratio for the quarter, excluding SubCom, was 1.05.

“We exceeded our guidance for the quarter, delivering strong double-digit growth in both sales and adjusted earnings per share through our positive alignment with long-term global growth trends in our markets, the customer focus of our global teams and our industrial technology leadership position,” said TE Connectivity Chief Executive Officer Terrence Curtin. “Our performance reflects the benefits of our strong business model, effective execution of our strategy and our focus on co-creating a safer, sustainable, productive and connected future with our customers.”

2018 Outlook

For the fiscal fourth quarter of 2018, the company expects net sales of $3.59 billion to $3.69 billion, reflecting an increase of 5 percent on both an actual and organic basis year-over-year, at the mid-point. Diluted EPS from continuing operations are expected to be $1.23 to $1.25, including net restructuring and acquisition-related charges of $0.08. The company expects adjusted EPS of $1.31 to $1.33 which represents a 6 percent improvement at the mid-point versus the fourth quarter of 2017.

For the full year, the company expects net sales of $14.58 to $14.68 billion, reflecting 12 percent actual and 6 percent organic growth at the mid-point versus the prior year. Diluted EPS from continuing operations are expected to be $3.79 to $3.81, including net restructuring, acquisition-related, tax and other charges of $1.77. The company expects adjusted EPS of $5.56 to $5.58, reflecting 15 percent growth at the mid-point compared to fiscal year 2017.

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Gordon Sheetz

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Gordon Sheetz is a graduate of University of Sydney and has two years’ experience of Wall Street Investor. Gordon covers Business category. He has an experience in Journalism and Content Writing, love writing stories full of efficient language and accurate content. His articles are published on Seeking Alpha, The Street, and The Motley Fool. Gordon has over 4 year experience as a news writer. Previously, he worked as a Freelance news writer. Email Contact: Gordon@newsregistrar.com

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