Aptiv (APTV) Set to Announce Earnings on Thursday

Aptiv (NYSE:APTV) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Aptiv to post 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.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The company had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.95 billion. 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 %

APTV stock opened at $71.40 on Thursday. Aptiv has a twelve month low of $68.84 and a twelve month high of $113.60. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $19.47 billion, a P/E ratio of 6.89, a PEG ratio of 0.89 and a beta of 1.90. The firm has a 50 day simple moving average of $76.82 and a 200-day simple moving average of $81.77.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on APTV shares. Wells Fargo & Company decreased their price target on shares of Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. UBS Group raised their price target on shares of Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Piper Sandler decreased their price target on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. Robert W. Baird downgraded shares of Aptiv from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $105.00 to $96.00 in a report on Wednesday, January 3rd. Finally, Barclays decreased their price objective on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $109.93.

Insider Activity

In related news, SVP Benjamin Lyon sold 18,680 shares of Aptiv stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the sale, 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. Corporate insiders own 0.34% of the company’s stock.

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.