Last $62.12 USD
Change Today -0.34 / -0.54%
Volume 2.0M
TEL On Other Exchanges
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As of 8:04 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

te connectivity ltd (TEL) Snapshot

Open
$62.25
Previous Close
$62.46
Day High
$62.52
Day Low
$61.98
52 Week High
07/22/14 - $65.01
52 Week Low
08/28/13 - $48.29
Market Cap
25.4B
Average Volume 10 Days
1.2M
EPS TTM
$3.70
Shares Outstanding
409.3M
EX-Date
08/27/14
P/E TM
16.8x
Dividend
$1.16
Dividend Yield
1.67%
Current Stock Chart for TE CONNECTIVITY LTD (TEL)

te connectivity ltd (TEL) Related Businessweek News

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te connectivity ltd (TEL) Details

TE Connectivity Ltd., together with its subsidiaries, designs and manufactures products that connect power, data, and signal automotive, energy, industrial, broadband communications, consumer devices, aerospace and defense, and healthcare industries. It operates through four segments: Transportation Solutions, Network Solutions, Industrial Solutions, and Consumer Solutions. The Transportation Solutions segment offers electronic components, including terminals and connectors, relays, and sensors, as well as application tooling, wire and heat shrink tubing, and other custom-engineered solutions for the automotive market. The Network Solutions segment supplies infrastructure components and systems for the telecommunications market and electronic components for the data communications market. This segment’s products include connectors, fiber optics, wire and cable, racks and panels, and wireless products. It also develops, manufactures, installs, and maintains subsea fiber optic communications systems. The Industrial Solutions segment supplies products that connect and distribute power and data, including connectors, heat shrink tubing, relays, and wire and cable, as well as custom-engineered solutions used primarily in the industrial; aerospace, defense, and marine; and energy markets. The Consumer Solutions segment supplies electronic components, including connectors, circuit protection devices, relays, antennas, and heat shrink tubing for the consumer devices and appliances markets. The company was formerly known as Tyco Electronics Ltd. and changed its name to TE Connectivity Ltd. in March 2011. TE Connectivity Ltd. is based in Schaffhausen, Switzerland.

84,000 Employees
Last Reported Date: 11/15/13

te connectivity ltd (TEL) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $1.4M
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $650.1K
Executive Vice President and President of Ind...
Total Annual Compensation: $625.2K
Chief Technology Officer and Executive Vice P...
Total Annual Compensation: $537.3K
Compensation as of Fiscal Year 2013.

te connectivity ltd (TEL) Key Developments

TE Connectivity Ltd. Announces Fiscal 2014 Fourth Quarter Dividend, Payable on September 12, 2014

TE Connectivity Ltd. announced that the $0.29 per share quarterly dividend for the fourth fiscal quarter of 2014 will be payable on September 12, 2014, to shareholders of record at the close of business on August 29, 2014. The dividend was approved by shareholders at the company's annual general meeting held on March 4, 2014.

TEl Seeks Acquisitions

TE Connectivity Ltd. (NYSE:TEL) is looking for acquisition opportunities. TEL issued senior notes to raise $1 billion. It intends to use the proceeds from the sale of any registered shares, warrants, debt securities, or units that may be offered hereby for general corporate purposes. Such general corporate purposes may include, but are not limited to, reducing or refinancing our indebtedness or the indebtedness of our subsidiaries, financing possible acquisitions, and redeeming outstanding securities. The prospectus supplement relating to an offering will contain a more detailed description of the use of proceeds of any specific offering of securities.

TE Connectivity Ltd. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 27, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year 2014

TE Connectivity Ltd. announced unaudited consolidated earnings results for the third quarter and nine months ended June 27, 2014. For the quarter, net sales were $3,580 million against $3,449 million a year ago. Operating income was $535 million against $439 million a year ago. Income from continuing operations before income taxes was $518 million against $425 million a year ago. Income from continuing operations was $405 million or $0.97 per diluted share against $332 million or $0.79 per diluted share a year ago. Net income attributable to the company was $403 million or $0.97 per diluted share against $335 million or $0.80 per diluted share a year ago. Net cash provided by operating activities was $500 million against $616 million a year ago. Capital expenditure was $175 million against $159 million a year ago. Free cash flow was $530 million against $431 million a year ago. Non-GAAP operating income was $550 million against $509 million a year ago. Non-GAAP income from continuing operations was $417 million or $1.00 per diluted share against $372 million or $0.88 per diluted share a year ago. For the nine months, net sales were $10,337 million against $9,848 million a year ago. Operating income was $1,524 million against $1,091 million a year ago. Income from continuing operations before income taxes was $1,500 million against $797 million a year ago. Income from continuing operations was $1,124 million or $2.70 per diluted share against $889 million or $2.10 per diluted share a year ago. Net income attributable to the company was $1,118 million or $2.68 per diluted share against $889 million or $2.10 per diluted share a year ago. Net cash provided by operating activities was $1,334 million against $1,453 million a year ago. Capital expenditure was $476 million against $412 million a year ago. Free cash flow was $1,069 million against $1,088 million a year ago. Non-GAAP operating income was $1,568 million against $1,342 million a year ago. Non-GAAP income from continuing operations was $1,158 million or $2.78 per diluted share against $973 million or $2.30 per diluted share a year ago. For the fourth quarter, the company expects net sales of $3.56 to $3.66 billion and adjusted EPS of $0.98 to $1.02. GAAP EPS are expected to be $0.93 to $0.97, including restructuring charges of $0.03, acquisition related charges of $0.06, and income related to other items of $0.04. The company expects net interest expense about $26 million in the fourth quarter. For the full year, the company expects net sales of $13.9 to $14 billion and adjusted EPS of $3.76 to $3.80. GAAP EPS are expected to be $3.62 to $3.66, including restructuring charges of $0.10, acquisition related charges of $0.07, expense from tax-related items of $0.01, and income related to other items of $0.04. The company expects the full year effective tax rate of approximately 23%. The company expects the capital spending rate to be approximately 4.5% of sales for the full year.

 

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Industry Analysis

TEL

Industry Average

Valuation TEL Industry Range
Price/Earnings 17.3x
Price/Sales 1.9x
Price/Book 2.9x
Price/Cash Flow 17.0x
TEV/Sales 1.5x
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