Tomahawk, WI 05/20/2014 (Basicsmedia) – TE Connectivity Ltd (NYSE:TEL), formerly named Tyco Electronics Ltd. announced the quarterly earnings on April 23, 2014. TEL reported garnering $0.95 EPS in the last quarter, showing 25% increase YoY, from $0.76 EPS in Q1-2013. In this quarter, the company acquired revenues of $3.43 billion, a significant 5.1% YoY. The company acquired $0.87 diluted EPS from myriad continuing operations, which increased by a thumping 32% YoY. TEL had affirmed that the company acquired free flow cash of $273 million.

A Thumping Last Quarter

The shareholders have also been notified about a 16% rise in the total dividend payout. Currently, the annual dividend payable on a quarterly basis stands at $1.16 per share. Orders and sales increased collectively at all frontiers and in myriad genres, which includes industrial transport, aerospace, automotive, industrial equipment, oil and gas, broadband networks and appliances. The CEO sounded ecstatic as he pointed out that in the last quarter, the net order plummeted up by 4%, and this has laid the foundation for probable double-digit earnings and sustained growth during the latter half of 2014.

Expectations, Round The Year!

TE Connectivity Ltd (NYSE:TEL) expects augmenting its net sales to $3.64 billion and enhance the EPS to $1.00 by the Q3-2014. The company vouches to increase its GAAP EPS to a fraction between the range of $0.93 and $0.97. For the rest part of the year, the company expects to attain net sales between $13.8 and $14.1 billion, and a probable EPS around $3.72 and $3.84. GAAP EPS too is expected to rise beyond $3.62.

The Managerial Team Sells Off Stocks

On April 29, 2014, COO at TEL, Joseph B. Donahue sold off 94,462 shares, acquiring $5,512,802.32 in totality, with the shares being priced at $58.36/share. Again, on May 5, 2014, CEO at TEL, Thomas Lynch sold off 62.5K shares in the open market transaction. The average price per share estimated at $58.92. The total value of the entire transaction estimated to $3,682,500.00. With this phenomenal sale, the CEO currently owns 339,365 company shares.

TEL Stocks On A Roll

The company sketched a brilliant last quarter; the future estimates sound practical and hence the investors consider it rationally sound to buy the TEL stocks, within a short notice. The company’s latest plans to acquire SEACON Group, only stemmed investors’ ‘intent to buy,’ merely as a catalyst; consequently, the TE Connectivity Ltd (NYSE:TEL)’s stocks are now, on a roll!

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