$4.14 Billion in Sales Expected for Aptiv PLC (NYSE:APTV) This Quarter

Equities research analysts expect that Aptiv PLC (NYSE:APTVGet Rating) will report sales of $4.14 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Aptiv’s earnings. The highest sales estimate is $4.50 billion and the lowest is $3.85 billion. Aptiv reported sales of $4.02 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 3%. The firm is scheduled to issue its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Aptiv will report full year sales of $17.82 billion for the current fiscal year, with estimates ranging from $17.27 billion to $18.14 billion. For the next fiscal year, analysts anticipate that the business will report sales of $20.47 billion, with estimates ranging from $19.41 billion to $21.34 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Aptiv.

Aptiv (NYSE:APTVGet Rating) last issued its quarterly earnings data on Thursday, February 3rd. The auto parts company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Aptiv had a return on equity of 8.73% and a net margin of 3.78%. The firm had revenue of $4.13 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the firm earned $1.13 EPS. Aptiv’s quarterly revenue was down 1.9% on a year-over-year basis.

Several equities research analysts have commented on APTV shares. Barclays dropped their price target on shares of Aptiv from $184.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 7th. Royal Bank of Canada dropped their price target on Aptiv from $190.00 to $170.00 in a research note on Friday, February 4th. Credit Suisse Group lowered their target price on Aptiv from $190.00 to $185.00 and set an “outperform” rating on the stock in a research note on Monday, February 7th. StockNews.com started coverage on Aptiv in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research cut Aptiv from a “hold” rating to a “strong sell” rating and set a $148.00 price target for the company. in a research note on Friday, January 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $172.53.

Shares of APTV opened at $107.51 on Monday. Aptiv has a 1 year low of $94.75 and a 1 year high of $180.81. The company has a market cap of $29.13 billion, a price-to-earnings ratio of 55.13, a price-to-earnings-growth ratio of 2.49 and a beta of 2.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.53 and a current ratio of 2.01. The firm has a fifty day moving average of $120.49 and a 200-day moving average of $147.17.

In other news, CEO Kevin P. Clark sold 5,830 shares of the stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of $109.98, for a total transaction of $641,183.40. Following the sale, the chief executive officer now owns 676,822 shares in the company, valued at $74,436,883.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. First Trust Advisors LP lifted its stake in Aptiv by 41.7% in the first quarter. First Trust Advisors LP now owns 43,189 shares of the auto parts company’s stock valued at $3,433,000 after buying an additional 12,705 shares during the period. Signaturefd LLC lifted its stake in Aptiv by 4.5% in the third quarter. Signaturefd LLC now owns 2,742 shares of the auto parts company’s stock valued at $408,000 after buying an additional 118 shares during the period. Sigma Planning Corp acquired a new position in Aptiv in the third quarter valued at about $229,000. Vontobel Holding Ltd. lifted its stake in Aptiv by 19.2% in the third quarter. Vontobel Holding Ltd. now owns 34,517 shares of the auto parts company’s stock valued at $5,142,000 after buying an additional 5,556 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in Aptiv by 11.5% in the third quarter. Commonwealth Equity Services LLC now owns 28,820 shares of the auto parts company’s stock valued at $4,293,000 after buying an additional 2,973 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

About Aptiv (Get Rating)

Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle's electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers, and hybrid high voltage and safety distribution systems.

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