RTTNews | Jul 28, 2021 10:14AM EDT

10:14 Wednesday, July 28, 2021 (RTTNews.com) - Shares of TE Connectivity Ltd. (TEL) reached a 52-week high of $144.67 Wednesday morning, after issuing upbeat Q4, FY21 guidance, while reporting strong Q3 results.

The stock is currently trading at $141.79, up $4.15 or 3.01%, with trading volume of over 537K versus an average volume of 1.36 million shares.

For the fourth quarter, the company expects earnings per share from continuing operations to be around $1.55, versus $0.69 in the prior year. Adjusted earnings are expected to be around $1.65 per share, compared to last year's EPS of $1.16. Further, the company sees Q4 sales to be around $3.8 billion, compared to $3.26 billion in the prior year.

Analysts polled by Thomson Reuters expect earnings of $1.54 per share on sales of $3.72 billion. Analysts' estimates typically exclude special items.

For the full year 2021, the company expects earnings per share from continuing operations to be $5.94, and adjusted earnings per share of $6.47, compared to $4.26 in the prior year, up 52% year over year. Net sales for the year are projected to be $14.9 billion, up about 22% year over year.

Analysts estimate earnings of $6.17 per share on net sales of $14.71 billion for the year.

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