I am the driving force behind Import Tourism with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Technology” category.
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Latest posts by Raymond Young (see all)
- Eye-Catching Stock to Track: Agilent Technologies Inc. (NYSE: A) - August 21, 2019
- Stock to Keep Your Eyes on: TE Connectivity Ltd. (NYSE: TEL) - July 14, 2019
- Earnings Results to Track: SPS Commerce Inc. (NASDAQ: SPSC) - July 13, 2019
SCHAFFHAUSEN, Switzerland, July 14, 2019 – Shares of TE Connectivity Ltd. (NYSE: TEL) inclined 1.89% to $94.44. The stock traded total volume of 1.619M shares higher than the average volume of 1.18M shares.
For the second quarter, TE Connectivity Ltd. (TEL) reported net sales of $3.40B, with diluted EPS from continuing operations of $1.26, and adjusted EPS were $1.42. Cash flow from continuing operating activities was $555.0M and free cash flow was $344.0M. Year-to-date cash flow from continuing operations was $883.0M, up 37% from 2018, and free cash flow year-to-date was $413.0M, a 44% improvement over the prior year. Total orders were $3.50B, up 4% sequentially with growth in all segments, and the book-to-bill ratio was 1.01.
For the fiscal third quarter of 2019, the company anticipates net sales of $3.40B to $3.50B. Diluted EPS from continuing operations are expected to be $1.13 to $1.17, counting net restructuring, acquisition-related and other charges of $0.28. The company anticipates adjusted EPS of $1.41 to $1.45.
For the full year, the company anticipates net sales of $13.55B to $13.75B. Diluted EPS from continuing operations are expected to be $4.88 to $4.98, counting net restructuring, acquisition-related, tax and other charges of $0.67. The company anticipates adjusted EPS of $5.55 to $5.65.
TEL has the market capitalization of $32.18B and its EPS growth ratio for the past five years was 26.80%. The return on assets ratio of the Company was 14.50% while its return on investment ratio stands at 21.90%. Price to sales ratio was 2.38 while 94.20% of the stock was owned by institutional investors.