TE Connectivity(TEL)
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TE Connectivity (TEL) Earnings Expected to Grow: Should You Buy?
ZACKS· 2024-10-23 15:08
TE Connectivity (TEL) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numbers are better ...
TE Connectivity to report fourth quarter and full year financial results on October 30, 2024
Prnewswire· 2024-10-09 12:00
GALWAY, Ireland, Oct. 9, 2024 /PRNewswire/ -- TE Connectivity plc (NYSE: TEL) will report financial results for the fourth quarter and full year of fiscal 2024 before trading begins on October 30, 2024. The company will hold a conference call for investors at 8:30 a.m. ET. The conference call may be accessed in the following ways: At TE Connectivity's website: investors.te.com By telephone: For both "listen-only" participants and those participants who wish to take part in the question-and-answer portion of ...
Sam Eldessouky appointed to TE Connectivity Board of Directors
Prnewswire· 2024-10-04 20:05
GALWAY, Ireland, Oct. 4, 2024 /PRNewswire/ -- The board of directors of TE Connectivity plc (NYSE: TEL), a world leader in connectivity and sensors, has appointed Sam Eldessouky, executive vice president and chief financial officer of Bausch + Lomb Corporation to the board, effective Oct. 4, 2024. "We are very pleased to have Sam join as a new director to TE's board," said TE Connectivity Chairman John Davidson. "He brings a range of valuable expertise to the board, including accounting and financial leader ...
TE Connectivity completes change in place of incorporation to Ireland
Prnewswire· 2024-09-30 10:45
Group 1 - TE Connectivity plc has completed the change of its place of incorporation from Switzerland to Ireland, resulting in shareholders receiving one share of TE Connectivity plc for each share of TE Connectivity Ltd. held prior to the change [1] - The company will continue to report to the U.S. Securities and Exchange Commission and its ordinary shares will trade on the New York Stock Exchange under the symbol TEL [1] - Shareholders approved a dividend distribution of $0.65 per share, payable in four equal quarterly installments starting December 6, 2024 [2] Group 2 - A reduction of the share premium account was approved to create distributable reserves following the reincorporation, with an application to the Irish High Court for approval of the capital reduction [3] - TE Connectivity plc is a global industrial technology leader with over 85,000 employees, including 8,000 engineers, operating in approximately 140 countries [4]
TE Connectivity announces pricing of $350 million 4.625% senior notes offering
Prnewswire· 2024-07-31 02:16
SCHAFFHAUSEN, Switzerland, July 30, 2024 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) ("TE Connectivity") today announced that its wholly-owned subsidiary, Tyco Electronics Group S.A. ("TEGSA"), has priced an offering of $350 million aggregate principal amount of its 4.625% senior notes due 2030. BNP Paribas Securities Corp., Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC are joint bookrunning managers for this offering, which is expected to close on August 2, 2024. TE Connectivity Ltd. (NYSE ...
TE Connectivity(TEL) - 2024 Q3 - Quarterly Report
2024-07-29 16:16
| --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------|-------|--------------------------------------|-------|----------------------------------------|-------------|----------------------------------|-------|---------------| | (1) September 29, 2023 | $ | Transportation Solutions \n1,478 | $ | Industrial Solutions \n(in 3,263 | millions) $ | Communications Solutions \n722 | $ | Total \n5,463 | | Acquisition | | — | | 181 | | — | | 181 | | Currency translation and oth ...
TE Connectivity(TEL) - 2024 Q3 - Earnings Call Transcript
2024-07-24 18:15
TE Connectivity Ltd. (NYSE:TEL) Q3 2024 Earnings Conference Call July 24, 2024 8:30 AM ET Company Participants Terrence Curtin - Chief Executive Officer Heath Mitts - Chief Financial Officer Sujal Shah - Vice President, Investor Relations Conference Call Participants Amit Daryanani - Evercore ISI Wamsi Mohan - Bank of America Joe Spak - UBS Joe Giordano - TD Cowen Mark Delaney - Goldman Sachs Samik Chatterjee - J.P. Morgan Asiya Merchant - Citigroup Christopher Glynn - Oppenheimer Saree Boroditsky - Jeffri ...
TE Connectivity(TEL) - 2024 Q3 - Quarterly Results
2024-07-24 10:11
Exhibit 99.1 NEWS RELEASE te.com TE Connectivity announces third quarter results for fiscal year 2024 Delivered EPS above guidance driven by strong margin expansion; Record year-to-date cash flow SCHAFFHAUSEN, Switzerland – July 24, 2024 – TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal third quarter ended June 28, 2024. Third Quarter Highlights "I'm pleased that our team continued to navigate a dynamic market environment to deliver another strong quarter of performance, highlighted b ...
TE Connectivity announces third quarter results for fiscal year 2024
Prnewswire· 2024-07-24 10:00
Delivered EPS above guidance driven by strong margin expansion; Record year-to-date cash flow Fourth Quarter FY24 Outlook expenditures less proceeds from the sale of property, plant, and equipment. These items are subtracted because they represent long-term commitments. In the calculation of Free Cash Flow, we subtract certain cash items that are ultimately within management's and the Board of Directors' discretion to direct and may imply that there is less or more cash available for our programs than the m ...
Will TE Connectivity (TEL) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2024-07-22 17:15
Core Viewpoint - TE Connectivity is positioned well for future earnings beats, supported by a positive Earnings ESP and a solid Zacks Rank [1][8]. Company Performance - TE Connectivity has a strong history of beating earnings estimates, with an average surprise of 4.31% over the last two quarters [4][7]. - For the last reported quarter, the company achieved earnings of $1.86 per share, exceeding the Zacks Consensus Estimate of $1.83 per share, resulting in a surprise of 1.64% [7]. - In the previous quarter, TE Connectivity's earnings were $1.84 per share against an expected $1.72, delivering a surprise of 6.98% [7]. Earnings Expectations - The current Earnings ESP for TE Connectivity is +0.87%, indicating a bullish outlook from analysts regarding the company's earnings prospects [8]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a high likelihood of another earnings beat in the upcoming report [8]. Industry Insights - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [5]. - The Zacks Earnings ESP is a valuable tool for assessing the accuracy of earnings estimates, as it compares the Most Accurate Estimate to the Zacks Consensus Estimate [9].