For its fourth fiscal quarter (ending September 30), TE Connectivity Ltd (NYSE: TEL) has reported a -49% decline in E.P.S. from $1.77 a year ago to $0.91 in the current quarter. E.P.S. were $10.40 for the latest four quarters through September 30 versus $6.04 for the same period a year ago — an increase of 72%.
Recent Price Action
On 10/30/24, TE Connectivity Ltd (NYSE: TEL) stock declined slightly by -0.6%, closing at $151.79. Moreover, trading volume in this decline was unusually high at 169% of normal. The stock has performed in line with the market over the last nine months and has risen 3.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TEL is expected to continue to be a major Value Builder.
TE Connectivity has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. TE Connectivity has a slightly negative Appreciation Score of 31 but a good Power Rating of 75, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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