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TE Connectivity

TE Connectivity is the largest electrical connector supplier in the world, supplying interconnect and sensor solutions to the transportation, industrial, and communications markets. With operations in 150 countries and over 500,000 stock-keeping units, TE has a broad portfolio that forms the electrical architecture of its end customers' cutting-edge innovations.

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Wells Fargo analyst Colin Langan maintains TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) with a Equal-Weight and lowers the price target from $153 to $151.

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Wells Fargo Maintains Equal-Weight on TE Connectivity, Lowers Price Target to $151

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Shares of companies within the broader technology sector are trading higher in sympathy with overall market strength after Donald Trump was elected president of the United States.

HSBC analyst Stephen Bersey downgrades TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) from Hold to Reduce and announces $137 price target.

Downgrades

HSBC Downgrades TE Connectivity to Reduce, Announces $137 Price Target

Beginning in fiscal 2025, the company will have two reportable segments – Transportation Solutions and Industrial Solutions – resulting from a reorganization announced in the fourth quarter of fiscal 2024. The company will also provide recast financial information in an 8-K filing later this quarter.

From FY25 TE Connectivity Will Have 2 Reportable Segments, Transportation Solutions and Industrial Solutions Under Latest Reorganization

First Quarter FY25 Outlook For the first quarter of fiscal 2025, the company expects net sales of&nbsp;approximately $3.9 billion. GAAP EPS from continuing operations is expected to be $1.64 and adjusted EPS is expected to be $1.88. First quarter guidance includes&nbsp;$0.04 of tax headwinds compared to the prior year.

Guidance

TE Connectivity Expects Q1 Net Sales Of $3.9B Vs $3.94B Est, Adj EPS Of $1.88 Vs $1.90 Est

Earnings

Earnings Beats

TE Connectivity Q4 2024 Adj. EPS $1.95 Beats $1.94 Estimate, Sales $4.068B Beat $4.018B Estimate

TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) will release its quarterly earnings report on Wednesday, 2024-10-30. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate TE Connectivity to report an earnings per share (EPS) of $1.94.
Anticipation surrounds TE Connectivity's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Performance in Previous Earnings</h3>
In the previous earnings release, the company beat EPS by $0.05, leading to a 1.47% drop in the share price the following trading session.
Here's a look at TE Connectivity's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.86</td>
<td>1.83</td>
<td>1.71</td>
<td>1.76</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.91</td>
<td>1.86</td>
<td>1.84</td>
<td>1.78</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.0%</td>
<td>0.0%</td>
<td>0.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730217674_0_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of TE Connectivity were trading at $150.87 as of October 28. Over the last 52-week period, shares are up 23.52%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analysts' Perspectives on TE Connectivity</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding TE Connectivity.
With 3 analyst ratings, TE Connectivity has a consensus rating of Buy. The average one-year price target is $165.67, indicating a potential 9.81% upside.
<h3>Comparing Ratings with Competitors</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of Jabil, Flex and Fabrinet, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>The prevailing sentiment among analysts is an Buy trajectory for Jabil, with an average 1-year price target of $142.0, implying a potential 5.88% downside.</li>
<li>The prevailing sentiment among analysts is an Outperform trajectory for Flex, with an average 1-year price target of $41.0, implying a potential 72.82% downside.</li>
<li>The consensus outlook from analysts is an Neutral trajectory for Fabrinet, with an average 1-year price target of $256.2, indicating a potential 69.82% upside.</li>
</ul>
<h3>Insights: Peer Analysis</h3>
The peer analysis summary presents essential metrics for Jabil, Flex and Fabrinet, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>TE Connectivity</td>
<td>Buy</td>
<td>-0.48%</td>
<td>$1.39B</td>
<td>4.57%</td>
</tr>
<tr>
<td>Jabil</td>
<td>Buy</td>
<td>2.94%</td>
<td>$608M</td>
<td>6.88%</td>
</tr>
<tr>
<td>Flex</td>
<td>Outperform</td>
<td>-8.39%</td>
<td>$471M</td>
<td>2.69%</td>
</tr>
<tr>
<td>Fabrinet</td>
<td>Neutral</td>
<td>14.85%</td>
<td>$92.45M</td>
<td>4.76%</td>
</tr>
</tbody>
</table>

Key Takeaway:
TE Connectivity is positioned at the top for Gross Profit and Return on Equity among its peers. It is in the middle for Revenue Growth.
<h3>Get to Know TE Connectivity Better</h3>
TE Connectivity is the largest electrical connector supplier in the world, supplying interconnect and sensor solutions to the transportation, industrial, and communications markets. With operations in 150 countries and over 500,000 stock-keeping units, TE has a broad portfolio that forms the electrical architecture of its end customers' cutting-edge innovations.
<h3>A Deep Dive into TE Connectivity's Financials</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Challenges: TE Connectivity's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -0.48%. This indicates a decrease in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 14.4%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.57%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): TE Connectivity's ROA excels beyond industry benchmarks, reaching 2.51%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.33, TE Connectivity adopts a prudent financial strategy, indicating a balanced approach to debt management.
<a href="https://www.benzinga.com/quote/TEL/earnings">To track all earnings releases for TE Connectivity visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For TE Connectivity

Analysts' ratings for TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) over the last quarter vary from bullish to bearish, as provided by 8 analysts.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $163.75, a high estimate of $179.00, and a low estimate of $153.00. Experiencing a 1.25% decline, the current average is now lower than the previous average price target of $165.83. 
<img src="https://www.benzinga.com/files/images/story/2024/1728496851_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A comprehensive examination of how financial experts perceive TE Connectivity is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Wamsi Mohan</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$165.00</td>
<td>$173.00</td>
</tr>
<tr>
<td>Mark Delaney</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Buy</td>
<td>$179.00</td>
<td>$189.00</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$153.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>William Stein</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$156.00</td>
<td>$151.00</td>
</tr>
<tr>
<td>Luke Junk</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$170.00</td>
<td>$162.00</td>
</tr>
<tr>
<td>Stephen Bersey</td>
<td>HSBC</td>
<td>Announces</td>
<td>Hold</td>
<td>$162.00</td>
<td>-</td>
</tr>
<tr>
<td>Kevin McCarthy</td>
<td>Vertical Research</td>
<td>Announces</td>
<td>Hold</td>
<td>$155.00</td>
<td>-</td>
</tr>
<tr>
<td>Wamsi Mohan</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$170.00</td>
<td>$165.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to TE Connectivity. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of TE Connectivity compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of TE Connectivity's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of TE Connectivity's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/TEL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on TE Connectivity analyst ratings.</a>
<h2>Discovering TE Connectivity: A Closer Look</h2>
TE Connectivity is the largest electrical connector supplier in the world, supplying interconnect and sensor solutions to the transportation, industrial, and communications markets. With operations in 150 countries and over 500,000 stock-keeping units, TE has a broad portfolio that forms the electrical architecture of its end customers' cutting-edge innovations.
<h3>A Deep Dive into TE Connectivity's Financials</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Challenges: TE Connectivity's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -0.48%. This indicates a decrease in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: TE Connectivity's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 14.4% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): TE Connectivity's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 4.57%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): TE Connectivity's ROA stands out, surpassing industry averages. With an impressive ROA of 2.51%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: TE Connectivity's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.33.
<h2>What Are Analyst Ratings?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 8 Analysts Discuss TE Connectivity Stock

B of A Securities analyst Wamsi Mohan maintains TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) with a Buy and lowers the price target from $173 to $165.

B of A Securities Maintains Buy on TE Connectivity, Lowers Price Target to $165

Goldman Sachs analyst Mark Delaney maintains TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) with a Buy and lowers the price target from $189 to $179.

Goldman Sachs Maintains Buy on TE Connectivity, Lowers Price Target to $179

Wells Fargo analyst Colin Langan maintains TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) with a Equal-Weight and lowers the price target from $155 to $153.

Wells Fargo Maintains Equal-Weight on TE Connectivity, Lowers Price Target to $153

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Shares of companies within the broader tech sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction.

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Shares of companies in the broader technology sector are trading lower amid an overall market selloff following weak US jobs data. Weakness in Amazon and Intel has also weighed on the tech sector.

Truist Securities analyst William Stein maintains TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) with a Hold and raises the price target from $151 to $156.

Truist Securities Maintains Hold on TE Connectivity, Raises Price Target to $156

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/07/24/final-trades-lockheed-martin-te-connectivity-u-s-2-year-treasuries-and-the-xlu.html">Halftime Report Final Trades</a>,&#8221; Jason Snipe of Odyssey Capital Advisors said he likes Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), which reported a nice beat on the top and <a href="https://www.benzinga.com/news/24/07/39941283/lockheed-martin-shares-climb-on-positive-analyst-ratings-and-strong-q2-results">bottom lines this week</a>.
On July 23, the aerospace and defense giant reported earnings per share (EPS) of $7.11 for the second quarter 2024, surpassing analysts' expectations of $6.46. 
Additionally, revenue for the quarter reached $18.122 billion, exceeding the anticipated $17.044 billion. Lockheed Martin expects FY24 net sales of $70.50 billion-$71.5 billion (prior $68.5 billion–$70 billion) versus the consensus of $69.822 billion. LMT sees EPS of $26.10-$26.60 (prior $25.65 – $26.35) versus the consensus of $26.29.
Anastasia Amoroso of iCapital named The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) as her final trade.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>.
Stephen Weiss of Short Hills Capital Partners picked U.S. 2 Year Treasury.
Joe Terranova of Virtus Investment Partners named TE Connectivity Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) as his final trade.
On July 24, TE Connectivity posted mixed results for the third quarter. The company reported adjusted earnings of $1.91 per share, beating market estimates of $1.86 per share. Its sales came in at $3.979 billion, missing expectations of $4.013 billion. The company sees fourth-quarter net sales of $4.0 billion and adjusted earnings of $1.94 per share
Price Action:
<ul>
<li>Lockheed Martin shares gained 2.8% to close at $515.20 on Wednesday.</li>
<li>The Utilities Select Sector SPDR Fund gained 1.1% during Wednesday's session.</li>
<li>TE Connectivity shares gained 3.6% to settle at $156.85 on Wednesday.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/news/24/07/39931967/nvidia-mcdonalds-and-2-other-stocks-insiders-are-selling">Nvidia, McDonald&#8217;s And 2 Other Stocks Insiders Are Selling</a></li>
</ul>

Long Ideas

Markets

Media

Trading Ideas

Lockheed Martin, TE Connectivity And More: CNBC's 'Final Trades'

Baird analyst Luke Junk maintains TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) with a Outperform and raises the price target from $162 to $170.

Baird Maintains Outperform on TE Connectivity, Raises Price Target to $170

CNBC Halftime Report Final Trades: Lockheed Martin, TE Connectivity, SPDR Select Sector Fund - Utilities, 2-Year Treasury

<ul>
<li>Orders were&nbsp;$4.1 billion, up&nbsp;4%&nbsp;year over year and&nbsp;3%&nbsp;sequentially, driven by momentum in artificial intelligence programs.</li>
</ul>

TE Connectivity's Q3 Orders Were $4.1B, Up By 4% YoY

Fourth Quarter&nbsp;FY24&nbsp;Outlook
For the&nbsp;fourth quarter&nbsp;of fiscal 2024, the company expects net sales of&nbsp;approximately&nbsp;$4.0 billion. GAAP EPS from continuing operations is expected to be&nbsp;approximately&nbsp;$1.80, up&nbsp;3%&nbsp;year over year, with adjusted EPS of approximately&nbsp;$1.94, up&nbsp;9%&nbsp;year over year.&nbsp;Fourth quarter&nbsp;guidance&nbsp;includes&nbsp;a&nbsp;$0.10&nbsp;year-over-year headwind from tax and currency exchange rates.

TE Connectivity Expects Q4 Net Sales Of $4.0B Vs $4.1B Est, Adj EPS Of $1.94 Vs $1.93 Est

Earnings Misses

TE Connectivity Q3 2024 Adj EPS $1.91 Beats $1.86 Estimate, Sales $3.979B Miss $4.013B Estimate

TE Connectivity ( ($TEL) ) just unveiled an update. TE Connectivity announces the retirement of Senior VP Robert J. Ott effective January 3, 2025, ...

TE Connectivity Announces Leadership Change and AGM Date

TE Connectivity Ltd. (TEL) has disclosed a new risk, in the Share Price & Shareholder Rights category. TE Connectivity Ltd. faces a potential busin...

Navigating Irish Stamp Duty: TE Connectivity's Share Transfer Strategy

Reindustrialization efforts create enormous opportunities for industrial stocks as sectors are driven by massive government investment. Amid this backdrop, you might keep an eye on fundamentally strong industry stocks like Siemens Aktiengesellschaft (SIEGY), Southern Copper Corp (SCCO), and TE Connectivity (TEL). Continue reading… Industrial stocks are increasingly positioned for gains as global reindustrialization picks up speed, driven by supply chain transformations, reshoring trends, and investments in infrastructure. Thus, investors looking to capitalize on this trend might consider industrial stocks Siemens Aktiengesellschaft (<a href="https://stocknews.com/stock/SIEGY/">SIEGY</a>), Southern Copper Corporation (<a href="https://stocknews.com/stock/SCCO/">SCCO</a>), and TE Connectivity plc (<a href="https://stocknews.com/stock/TEL/">TEL</a>), as they are positioned for better growth momentum.
The industrial sector stands to benefit from significant government investment in manufacturing, energy, and supply chain stability. The United States has shifted its major policy initiatives, including the Inflation Reduction Act, CHIPS Act, and Infrastructure Investment and Jobs Act, which <a href="https://privatebank.jpmorgan.com/nam/en/insights/markets-and-investing/the-opportunity-in-renewed-us-industrial-policy">collectively inject nearly $2.4 trillion</a> into sectors like semiconductor manufacturing, electric vehicles, and renewable energy infrastructure.
As per <a href="https://www2.deloitte.com/us/en/insights/industry/manufacturing/manufacturing-industry-outlook.html">Deloitte</a>, approximately 86% of manufacturing executives responding to the latest industrial outlook survey indicate that in 2024, smart factory solutions will be one of the main competitive advantages supporting their endeavors for the next five years.
Additionally, the U.S. manufacturing sector <a href="https://www.commerce.gov/news/blog/2024/10/manufacturing-booms-thanks-biden-harris-administration-investments">contributes $2.65 trillion to the U.S. economy</a>, employs nearly 13 million American workers, and accounts for 10.3 percent of the nation's GDP. This further bolsters the outlook for the industrial stocks.
Considering these conducive trends, let's look at the fundamentals of the above-mentioned stocks in detail:
Siemens Aktiengesellschaft (<a href="https://stocknews.com/stock/SIEGY/">SIEGY</a>)
Headquartered in Munich, Germany, SIEGY is a technology company that focuses on the areas of automation and digitalization internationally. It operates through five segments: Digital Industries, Smart Infrastructure; Mobility; Siemens Healthineers; and Siemens Financial Services (SFS).
On October 17, SIEGY launched BIMPOWER, a groundbreaking plug-in for Autodesk Revit, transforming the way engineers and contractors design 3D Building Information Modeling (BIM) projects. This launch simplifies the design and integrates seamlessly with Autodesk Revit, providing a comprehensive solution for engineers and contractors.
In the same month, the company also launched the RapidSBx switchboard to address the critical need for power distribution that feeds commercial switchboards and supports sustainable infrastructure. This new launch is flexible and durable and comes with easy installation, providing users with the adaptability needed for diverse environmental conditions.
In the fiscal third quarter that ended on June 30, 2024, SIEGY's net sales increased 4.2% year-over-year to €18.90 billion ($20.53 billion). Its gross profit grew 9% from the prior year's quarter to €7.75 billion ($8.42 billion).
Its EBITDA from continuing operations came in at €3.43 billion ($3.72 billion), up 36.3% year-over-year. In addition, the company's net income rose 48.1% from the year-ago value to €2.13 billion ($2.32 billion), while its <a href="https://www.investopedia.com/terms/e/eps.asp">earnings per share</a> stood at €2.48, up 56%% year-over-year.
Analysts expect SEIGY's revenue for the first quarter (ending December 2024) to grow 4.1% year-over-year to $20.65 billion, while its EPS for the same quarter is expected to increase 60.9% year-over-year to $2.61. Moreover, the company has topped the EPS estimates in each of the trailing four quarters, which is excellent.
SIEGY shares have surged 46.7% over the past year to close the last trading session at $97.07.
SIEGY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
SIEGY has a B grade for Value and Stability. It is ranked #6 out of 34 stocks in the B-rated <a href="https://stocknews.com/category/industrial-manufacturing/">Industrial - Manufacturing</a> industry. <a href="https://stocknews.com/stock/SIEGY/">Click here</a> to see the additional ratings for SIEGY (Growth, Momentum, Sentiment, and Quality).
Southern Copper Corporation (<a href="https://stocknews.com/stock/SCCO/">SCCO</a>)
SCCO is an integrated producer of copper and valuable by-products. It operates the mining, exploring, smelting, and refining facilities in Peru, Mexico, Argentina, Chile, and Ecuador. Its operating segments include Peruvian operations; Mexican open-pit operations; and Mexican underground mining operations.
On October 17, backed by its strong financials, the company declared its shareholders a quarterly dividend of $0.70 per share and a stock dividend of 0.0062 shares per share of common stock, which is payable on November 21, to shareholders of record on November 6, 2024.
SCCO pays an annual dividend of $2.80, which translates to a yield of 2.50% at the prevailing price levels. Its four-year average dividend yield is 4.52%. The company's dividend payments have grown at a CAGR of 8.5% over the past five years.
SCCO's sales for the third quarter (ended September 30, 2024) increased 17% year-over-year to $2.93 billion. The company reported an operating income of $1.45 billion, indicating a 35.6% growth from the prior-year quarter. SCCO's adjusted EBITDA came in at $1.68 billion, up 30.5% year-over-year, while its net income per share grew 43.8% from the prior-year quarter to $1.15.
The consensus revenue estimate of $3.14 billion for the fiscal fourth quarter (ending December 2024) represents a 36.7% increase year-over-year. The consensus EPS estimate of $1.23 for the same quarter indicates a 114.9% improvement year-over-year. The company has an impressive earnings surprise history; it surpassed the consensus EPS estimate in three of the trailing four quarters.
The stock has gained 57% over the past year and 35.6% over the past nine months to close the last trading session at $109.55.
SCCO's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has an A grade for Quality and a B for Growth and Sentiment. Within the <a href="https://stocknews.com/category/industrial-metals/">Industrial - Metals</a> industry, it is ranked #4 out of 29 stocks. <a href="https://stocknews.com/stock/SCCO/">Click here</a> to see SCCO's ratings for Value, Momentum, and Stability.
TE Connectivity plc (<a href="https://stocknews.com/stock/TEL/">TEL</a>)
Based in Ballybrit, Ireland, TEL is a global industrial technology company that manufactures and sells connectivity and sensor solutions. The company operates through three segments: Transportation Solutions; Industrial Solutions; and Communications Solutions. 
With 9 years of consecutive dividend growth, TEL pays an annual dividend of $2.60, which translates to a yield of 1.71% at the current share price. Its four-year average dividend yield is 1.62%. Also, the company's dividend payouts have increased at CAGRs of 8.16% and 6.62% over the past three and five years, respectively.
For the fourth quarter that ended September 29, 2024, TEL posted total group revenue of $4.10 billion, indicating a marginal growth from the prior-year quarter. Its adjusted operating income increased 8% year-over-year to $755 million and the adjusted EPS came in at $1.95, up 9.6% year-over-year. Also, the company's free cash flow amounted to $2.40 billion, reflecting an increase of 17% year-over-year.
According to TEL's guidance for its fiscal first quarter, it is projecting sales to be approximately $3.90 billion. Additionally, its adjusted EPS is expected to grow 2% year-over-year, amounting to $1.88.
Street expects TEL's revenue for the fiscal first quarter (ending December 2024) to increase 2.1% year-over-year to $3.91 billion. Its EPS for the same period is expected to register a 3.1% growth from the prior year, settling at $1.90. In addition, it surpassed the EPS in each of the trailing four quarters, which is promising.
Over the past year, the stock has gained 25.1%, closing the last trading session at $147.42.
It's no surprise that TEL has an overall rating of B, equating to a Buy in our POWR Ratings system. It has a B grade for Value, Stability, and Sentiment. Out of 34 stocks in the B-rated Industrial - Manufacturing industry, TEL is ranked #4.
Beyond what is stated above, we've also rated TEL for Value, Momentum, and Stability. Get all TEL's ratings <a href="https://stocknews.com/stock/TEL/">here</a>.
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SIEGY shares were trading at $98.38 per share on Friday afternoon, up $1.31 (+1.35%). Year-to-date, SIEGY has gained 7.35%, versus a 21.45% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: ShreyaRathi</h2> <img src='https:/wp-content/uploads/2024/10/0.jpeg' style="float:left; padding:5px;width:125px;"><a href="https://stocknews.com/authors/?author=shreya-rathi">More...</a>The post <a href=https://stocknews.com/news/siegy-scco-tel-3-industrial-stocks-ready-to-benefit-from-global-reindustrialization/>3 Industrial Stocks Ready to Benefit From Global Reindustrialization</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Industrial Stocks Ready to Benefit From Global Reindustrialization

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