(MOLX) - Three analysts raised their numbers for this fiscal year, while one has bumped his numbers for next year

Molex posted record earnings in its latest quarter. The company is also used to beating analyst expectations, as it has done so in each of the past four quarters by an average of almost 12%. Three analysts raised their numbers for this fiscal year, while one has bumped his numbers for next year. Over the past month this year's estimates have risen 2.4% to $1.68 per share. The stock is currently trading at 19.3x next year's estimates of $1.90 per share. Full Analysis Molex Incorporated (MOLX) engages in the design, manufacture, and sale of electromechanical components worldwide. It offers micro-miniature connectors, SIM card sockets, keypads, electromechanical subassemblies, and internal antennas and subsystems for telecommunications market; and manufactures power, optical, and signal connectors and cables for end-to-end data transfer, linking disk drives, controllers, servers, switches, and storage enclosures for data products market. The company also provides interconnects used in air bag and seatbelts, tire pressure monitoring systems and powertrain, and window and temperature controls; and designs and manufactures connectors for home and portable audio, digital still and video cameras, DVD players, and recorders, as well as devices that combine multiple functions. In addition, the company manufactures cables, backplanes, power connectors, and integrated products that are found in products ranging from electronic weighing stations to industrial microscopes and vision systems, Molex reported a strong fiscal fourth-quarter profit in early-August. For the quarter ended June 30, earnings were $70.3 million, or 42 cents per share, up from $4.9 million, or 3 cents per share, a year ago. Analysts expected 37 cents per share for the quarter. Revenue rose 22 percent to $783.8 million from $643.8 million. Gross profit margin increased to 35.0 percent, compared with 33.4 percent in last year's fourth quarter. Martin P. Slark, CEO and Vice-Chairman commented, "This was an exceptional quarter, with revenue growth 21.8% over the prior year June quarter, and a record high for earnings per share. Revenue growth was broad-based, with nearly all major markets and geographies showing significant gains. When compared with last year's fourth quarter, revenue in the consumer market increased 32%. Our customer's new products in this market continue to deliver higher functionality and mobility, thus requiring interconnects based primarily upon digital and micro-miniature technology. These technologies are a major strength of Molex and contribute to our growth in a broad array of other markets as well." Molex is used to beating analyst expectations, as it has done so in each of the past four quarters by an average of almost 12%. Three analysts raised their numbers for this fiscal year, while one has bumped his numbers for next year. Over the past month this year's estimates have risen 2.4% to $1.68 per share. The stock is currently trading at 19.3x next year's estimates of $1.90 per share. Note: The Zacks Rank is a very sensitive indicator that can change frequently for an individual stock. This important indicator is updated daily on Zacks.com and is available to Zacks Premium subscribers. As such, it is prudent to check the site for the latest Zacks Rank on the stocks highlighted in this section. Simply click the link for the stock or enter the symbol in the ticker entry box in the upper left hand corner of the web site. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. | Blog Home| VitalStocks Home