Brokerages Expect Aptiv PLC (NYSE:APTV) Will Announce Quarterly Sales of $4.22 Billion

Equities analysts expect that Aptiv PLC (NYSE:APTVGet Rating) will post $4.22 billion in sales for the current quarter, according to Zacks. Seven analysts have made estimates for Aptiv’s earnings, with the lowest sales estimate coming in at $4.05 billion and the highest estimate coming in at $4.39 billion. Aptiv posted sales of $3.81 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.8%. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Aptiv will report full-year sales of $17.82 billion for the current year, with estimates ranging from $17.54 billion to $17.97 billion. For the next year, analysts anticipate that the firm will post sales of $20.71 billion, with estimates ranging from $19.85 billion to $21.34 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Aptiv.

Aptiv (NYSE:APTVGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The auto parts company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The firm had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.06 billion. Aptiv had a return on equity of 7.23% and a net margin of 2.43%. Aptiv’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.06 earnings per share.

Several equities analysts have recently commented on the company. StockNews.com assumed coverage on Aptiv in a report on Thursday, March 31st. They set a “hold” rating for the company. Robert W. Baird lowered their target price on Aptiv from $155.00 to $148.00 in a report on Friday. Raymond James lowered their target price on Aptiv from $215.00 to $158.00 in a report on Friday. Citigroup lowered their target price on Aptiv from $206.00 to $181.00 in a report on Tuesday, April 5th. Finally, Royal Bank of Canada reduced their price objective on Aptiv from $190.00 to $170.00 in a research report on Friday, February 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $159.65.

In other Aptiv news, CEO Kevin P. Clark sold 5,830 shares of the company’s stock in a transaction that occurred on Wednesday, April 13th. The stock was sold at an average price of $109.98, for a total value of $641,183.40. Following the completion of the sale, the chief executive officer now directly owns 676,822 shares in the company, valued at $74,436,883.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hanson & Doremus Investment Management increased its holdings in shares of Aptiv by 137.4% in the first quarter. Hanson & Doremus Investment Management now owns 216 shares of the auto parts company’s stock valued at $26,000 after buying an additional 125 shares in the last quarter. Tyler Stone Wealth Management bought a new position in shares of Aptiv in the fourth quarter valued at $27,000. Equitec Proprietary Markets LLC bought a new position in shares of Aptiv in the fourth quarter valued at $31,000. Trust Co. of Vermont acquired a new stake in Aptiv during the 4th quarter valued at $35,000. Finally, MCF Advisors LLC raised its stake in Aptiv by 1,204.5% during the 4th quarter. MCF Advisors LLC now owns 287 shares of the auto parts company’s stock valued at $47,000 after purchasing an additional 265 shares during the period. 91.08% of the stock is currently owned by institutional investors.

NYSE:APTV opened at $101.84 on Monday. The firm has a market capitalization of $27.59 billion, a PE ratio of 85.58, a price-to-earnings-growth ratio of 2.22 and a beta of 2.01. The stock has a 50 day moving average of $111.27 and a 200-day moving average of $141.19. Aptiv has a 52 week low of $94.75 and a 52 week high of $180.81. The company has a current ratio of 2.60, a quick ratio of 1.53 and a debt-to-equity ratio of 0.76.

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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