TEL Stock Recent News

TE Connectivity has seen solid growth in the long haul, combining modest sales growth, margin expansion, and consistent share buybacks. While absolute growth is not too convincing, growth on a per-share basis is rock-solid. TE Connectivity recently announced a deal to acquire Schaffner Holding AG to add EMC filter products to its solutions, but the deal is not expected to significantly impact sales or earnings.

Investors looking for stocks in the Electronics - Miscellaneous Components sector might want to consider either OSI Systems (OSIS) or TE Connectivity (TEL). But which of these two companies is the best option for those looking for undervalued stocks?

TE Connectivity's (TEL) fiscal third-quarter results reflect solid momentum across transportation solutions. However, softness in communication solutions has been concerning.

TE Connectivity (TEL) came out with quarterly earnings of $1.77 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $1.86 per share a year ago.

The electrical components supplier reported earnings per share of $1.77 for its fiscal third quarter. Wall Street was looking for $1.66.

TE Connectivity's (TEL) fiscal third-quarter results are expected to reflect strength in the Industrial and Transportation segment amid weakness in the Communication segment.

SCHAFFHAUSEN, Switzerland , July 5, 2023 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL), a world leader in connectors and sensors, will report financial results for the third quarter of fiscal 2023 before trading begins on July 26, 2023.

TE Connectivity Ltd. is well-positioned for growth due to the move towards electrification, AI, and renewable energy, as well as its global presence in high growth markets like China. The company's diverse business segments and strong geographical exposure provide stability and potential for capturing market share from smaller regional players. TE Connectivity's stock offers an attractive annualized return using my model of around 10%, including dividends, making it a solid long-term investment.

TE Connectivity is well placed to benefit from increasing electrification of transport and industry. In the short term, auto production well below pre COVID levels, and exchange rate headwinds are among factors limiting earnings growth.

TE Connectivity's (TEL) fiscal second-quarter results reflect benefits from solid momentum across transportation and industrial solutions.