Q2 2022 Earnings Estimate for Aptiv PLC Issued By Jefferies Financial Group (NYSE:APTV)

Aptiv PLC (NYSE:APTVGet Rating) – Investment analysts at Jefferies Financial Group dropped their Q2 2022 earnings per share (EPS) estimates for shares of Aptiv in a report released on Thursday, July 21st. Jefferies Financial Group analyst D. Kelley now anticipates that the auto parts company will post earnings per share of $0.52 for the quarter, down from their previous estimate of $0.63. The consensus estimate for Aptiv’s current full-year earnings is $4.00 per share.

APTV has been the topic of a number of other reports. Cowen dropped their target price on Aptiv from $150.00 to $144.00 in a research report on Friday, May 6th. Raymond James dropped their target price on Aptiv from $215.00 to $158.00 in a research report on Friday, May 6th. Guggenheim decreased their price target on shares of Aptiv from $180.00 to $173.00 and set a “buy” rating on the stock in a research note on Wednesday, July 20th. Citigroup decreased their price target on shares of Aptiv from $206.00 to $181.00 in a research note on Tuesday, April 5th. Finally, Cowen decreased their price target on shares of Aptiv from $150.00 to $144.00 in a research note on Friday, May 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.42.

Aptiv Price Performance

NYSE:APTV opened at $97.63 on Monday. Aptiv has a 52 week low of $84.14 and a 52 week high of $180.81. The company has a quick ratio of 2.04, a current ratio of 2.60 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $26.45 billion, a PE ratio of 82.04, a price-to-earnings-growth ratio of 2.23 and a beta of 2.00. The stock’s 50-day moving average price is $96.06 and its 200-day moving average price is $113.27.

Aptiv (NYSE:APTVGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The auto parts company reported $0.63 earnings per share for the quarter, hitting the consensus estimate of $0.63. The company had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.06 billion. Aptiv had a return on equity of 7.23% and a net margin of 2.43%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned $1.06 EPS.

Insider Activity

In other news, SVP William T. Presley sold 2,000 shares of the stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $108.52, for a total value of $217,040.00. Following the sale, the senior vice president now directly owns 45,681 shares in the company, valued at $4,957,302.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Kevin P. Clark sold 6,705 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $109.60, for a total transaction of $734,868.00. Following the transaction, the chief executive officer now owns 652,547 shares of the company’s stock, valued at $71,519,151.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP William T. Presley sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $108.52, for a total transaction of $217,040.00. Following the transaction, the senior vice president now directly owns 45,681 shares in the company, valued at approximately $4,957,302.12. The disclosure for this sale can be found here. Insiders have sold 15,370 shares of company stock worth $1,547,492 over the last ninety days. 0.41% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Aptiv

Several institutional investors and hedge funds have recently modified their holdings of the company. Blueprint Investment Partners LLC raised its stake in Aptiv by 9.5% during the fourth quarter. Blueprint Investment Partners LLC now owns 832 shares of the auto parts company’s stock worth $137,000 after purchasing an additional 72 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Aptiv by 8.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,219 shares of the auto parts company’s stock worth $201,000 after purchasing an additional 96 shares during the period. Sierra Capital LLC raised its stake in shares of Aptiv by 9.1% in the 4th quarter. Sierra Capital LLC now owns 1,168 shares of the auto parts company’s stock valued at $193,000 after acquiring an additional 97 shares during the period. Alpine Woods Capital Investors LLC raised its stake in shares of Aptiv by 0.4% in the 4th quarter. Alpine Woods Capital Investors LLC now owns 27,970 shares of the auto parts company’s stock valued at $4,614,000 after acquiring an additional 100 shares during the period. Finally, Winfield Associates Inc. raised its stake in shares of Aptiv by 0.8% in the 4th quarter. Winfield Associates Inc. now owns 13,285 shares of the auto parts company’s stock valued at $2,191,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Aptiv Company Profile

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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.

Further Reading

Earnings History and Estimates for Aptiv (NYSE:APTV)

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