Running data of recent trade: TE Connectivity Ltd. (NYSE: TEL)

On Friday, TE Connectivity Ltd. (NYSE: TEL) changed -1.49% to recent value of $93.22. The stock transacted 1536336 shares during most recent day however it has an average volume of 1484.5K shares. It spotted trading -7.70% off 52-week high price. On the other end, the stock has been noted 17.20% away from the low price over the last 52-weeks.

TE Connectivity Ltd. (TEL) recently stated results for the fiscal first quarter ended December 27, 2019.

First Quarter Highlights

Net sales were $3.2B, down 5% on a stated and organic basis over the first quarter of 2019.

Diluted earnings per share (EPS) from continuing operations were $0.07, below the company’s GAAP guidance Because of a non-cash charge from Swiss tax reform. Adjusted EPS were $1.21, exceeding the high end of the company’s guidance.

Cash flow from continuing operating activities was $411M and free cash flow was $243M, with $297M returned to shareholders.

Total orders were $3.2B, up 1% sequentially, and the book-to-bill ratio was 1.02.

Company is updating full year guidance based on first quarter results.

“I’m happy with our performance in the first quarter where we delivered sales and adjusted earnings per share above our expectations and generated strong cash flow in what continues to be a challenging market environment,” stated Terrence Curtin, chief executive officer of TE Connectivity. “Our Industrial section grew ahead of guidance driven by strength in our defense, medical, aerospace and energy businesses, while our Transportation section continued to outperform auto production declines Because of our strong content position in the long-term growth trends of electric and connected vehicles. We were happy to see sequential orders growth this quarter, signaling stabilization in key end markets. Based on our first quarter results, we are updating our GAAP EPS guidance and raising our sales and adjusted EPS guidance for the full year.”

2020 Outlook
The company has updated full year guidance to net sales expectations of $12.85 to $13.25B, reflecting 3% actual and 2% organic decline at the mid-point versus the previous year. Diluted EPS from continuing operations are predictable to be $3.23 to $3.53, including net restructuring, acquisition-related and other charges of $0.66 and a tax-related charge of $1.06. The company expects adjusted EPS of $4.95 to $5.25.

For the fiscal second quarter of 2020, the company expects net sales of $3.1B to $3.3B, reflecting a decrease of 6% on an actual basis and 5% on an organic basis year over year at the mid-point. Diluted EPS from continuing operations are predictable to be $1.05 to $1.11, including net restructuring, acquisition-related and other charges of $0.17. The company expects adjusted EPS of $1.22 to $1.28.

TEL has a gross margin of 32.50% and an operating margin of 14.80% while its profit margin remained 12.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained -35.90% for this year while earning per share for the next 5-years is expected to reach at 10.40%.  The company has 347.34M of outstanding shares and 333.61M shares were floated in the market. According to the most recent quarter its current ratio was 1.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of -4.48% from the mean of 20 days, -2.37% from mean of 50 days SMA and performed 0.56% from mean of 200 days price. Company’s performance for the week was 1.13%, -4.56% for month and YTD performance remained -2.73%.

 

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