Gold prices steady, holding sharp gains in wake of soft U.S. jobs data
On Thursday, Truist Securities maintained a positive stance on Amphenol Corporation (NYSE: NYSE:APH), reiterating a Buy rating and a $102.00 price target for the company’s stock. The endorsement came on the heels of Amphenol’s impressive first-quarter performance, which saw the company surpass expectations in sales, margins, and earnings per share. According to InvestingPro data, five analysts have recently revised their earnings estimates upward, with the stock showing significant momentum, gaining over 9% in the past week.
The firm acknowledged that, despite the looming threat of tariffs affecting global trade, Amphenol delivered what was described as one of the best quarterly results in recent memory. The company’s guidance for the second quarter, although above consensus estimates, was characterized as conservative given the robust sequential growth it implies. This performance is supported by strong fundamentals, with InvestingPro analysis showing a healthy 30.7% revenue growth and an impressive return on equity of 28%.
Amphenol’s first-quarter success was particularly noted in the information technology and data communications sector, where the company saw significant gains. These results exceeded expectations and were complemented by strong performances across various other end markets. The company maintains a strong financial position with a current ratio of 1.99, indicating solid liquidity, and operates with a moderate debt level. Get deeper insights into Amphenol’s financial health and access 13 additional exclusive ProTips with an InvestingPro subscription.
In light of the recent financial outcomes, Truist Securities has adjusted its forecast for Amphenol’s earnings per share in 2026 to $2.84, up from the previous estimate of $2.54. The price target of $102 remains unchanged and is based on applying a multiple of 31.5 times, which is a traditional 12 times premium to the S&P 500, to the projected 2026 earnings per share of $3.23, which includes an additional 40 cents from potential mergers and acquisitions.
In other recent news, Amphenol Corporation reported strong financial results for the first quarter of 2025, significantly exceeding earnings and revenue projections. The company posted an adjusted diluted earnings per share of $0.63, surpassing the expected $0.51, while revenue reached $4.81 billion, well above the forecast of $4.19 billion. This performance was driven by robust growth in the IT Datacom and AI-related sectors, with the IT Datacom segment experiencing a remarkable 134% organic growth. Additionally, Amphenol’s acquisition of Andrew from CommScope, which closed in February, contributed to its solid financial results. Evercore ISI maintained its Outperform rating on Amphenol, with a price target of $88, citing the company’s diverse market presence and strategic investments as factors likely to support continued financial growth. The company’s capital expenditure investments are expected to boost AI revenues in the latter half of the year. Amphenol’s management has projected sales between $4.9 billion and $5 billion for the second quarter of 2025, with adjusted diluted EPS ranging from $0.64 to $0.66.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.