Aptiv (APTV) Set to Announce Earnings on Thursday

Aptiv (NYSE:APTV) will be issuing its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.10 per share for the quarter. Aptiv has set its FY 2024 guidance at 5.550-6.050 EPS and its FY24 guidance at $5.55-6.05 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.95 billion. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. On average, analysts expect Aptiv to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Aptiv Stock Up 1.6 %

Shares of NYSE:APTV opened at $71.40 on Thursday. The company has a market capitalization of $19.47 billion, a price-to-earnings ratio of 6.89, a P/E/G ratio of 0.89 and a beta of 1.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22. The business’s 50-day moving average is $76.82 and its 200-day moving average is $81.77. Aptiv has a 1 year low of $68.84 and a 1 year high of $113.60.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Robert W. Baird downgraded Aptiv from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $105.00 to $96.00 in a research note on Wednesday, January 3rd. Morgan Stanley lowered Aptiv from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $90.00 to $74.00 in a report on Wednesday, February 7th. Piper Sandler decreased their price target on Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. Oppenheimer decreased their price target on Aptiv from $149.00 to $148.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. Finally, UBS Group raised their target price on Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and an average target price of $109.93.

Insider Activity

In other news, SVP Benjamin Lyon sold 18,680 shares of Aptiv stock in a transaction on Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the transaction, the senior vice president now directly owns 95,211 shares in the company, valued at $7,396,942.59. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.34% of the stock is owned by company insiders.

About Aptiv

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.