Aptiv (NYSE:APTV) Releases FY 2022 Earnings Guidance

Aptiv (NYSE:APTVGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.90-$4.80 for the period, compared to the consensus estimate of $3.88. The company issued revenue guidance of $17.75 billion-$18.15 billion, compared to the consensus revenue estimate of $17.83 billion.

Shares of APTV stock opened at $90.74 on Thursday. The company has a quick ratio of 1.53, a current ratio of 2.60 and a debt-to-equity ratio of 0.76. Aptiv has a 52 week low of $90.59 and a 52 week high of $180.81. The stock has a market capitalization of $24.58 billion, a PE ratio of 76.25, a P/E/G ratio of 2.16 and a beta of 2.01. The firm has a 50 day moving average of $109.77 and a two-hundred day moving average of $140.02.

Aptiv (NYSE:APTVGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The auto parts company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. Aptiv had a net margin of 2.43% and a return on equity of 7.23%. The company had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter last year, the company posted $1.06 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. Analysts expect that Aptiv will post 4.24 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the stock. BNP Paribas assumed coverage on shares of Aptiv in a report on Monday, April 11th. They issued an outperform rating and a $160.00 price objective on the stock. Barclays reduced their price objective on shares of Aptiv from $184.00 to $160.00 and set an overweight rating on the stock in a report on Thursday, April 7th. Credit Suisse Group reduced their price objective on shares of Aptiv from $190.00 to $185.00 and set an outperform rating on the stock in a report on Monday, February 7th. Royal Bank of Canada reduced their price objective on shares of Aptiv from $190.00 to $170.00 in a report on Friday, February 4th. Finally, Piper Sandler lowered shares of Aptiv from a neutral rating to an underweight rating and cut their price target for the stock from $177.00 to $90.00 in a research note on Monday, April 18th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Aptiv presently has an average rating of Buy and an average price target of $159.50.

In other Aptiv news, CEO Kevin P. Clark sold 5,830 shares of Aptiv stock in a transaction on Wednesday, April 13th. The shares were sold at an average price of $109.98, for a total value of $641,183.40. Following the transaction, 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 document filed with the SEC, which is available at the SEC website. Insiders own 0.41% of the company’s stock.

Several large investors have recently modified their holdings of the company. NEXT Financial Group Inc boosted its holdings in shares of Aptiv by 106.2% in the fourth quarter. NEXT Financial Group Inc now owns 501 shares of the auto parts company’s stock valued at $83,000 after acquiring an additional 258 shares in the last quarter. Allstate Corp boosted its holdings in Aptiv by 4.7% during the fourth quarter. Allstate Corp now owns 7,545 shares of the auto parts company’s stock worth $1,245,000 after buying an additional 339 shares in the last quarter. Zullo Investment Group Inc. purchased a new stake in Aptiv during the fourth quarter worth about $56,000. Silvercrest Asset Management Group LLC boosted its holdings in Aptiv by 6.7% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 5,626 shares of the auto parts company’s stock worth $928,000 after buying an additional 355 shares in the last quarter. Finally, Synovus Financial Corp boosted its holdings in Aptiv by 19.6% during the fourth quarter. Synovus Financial Corp now owns 2,952 shares of the auto parts company’s stock worth $488,000 after buying an additional 483 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Company Profile (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.

See Also

Earnings History and Estimates for Aptiv (NYSE:APTV)

Receive News & Ratings for Aptiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aptiv and related companies with MarketBeat.com's FREE daily email newsletter.