Aptiv (NYSE:APTV) Posts Earnings Results, Beats Estimates By $0.11 EPS

Aptiv (NYSE:APTV) issued its quarterly earnings data on Thursday. The auto parts company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.11, Briefing.com reports. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The firm had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same period in the prior year, the business posted $0.91 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. Aptiv updated its FY24 guidance to $5.80-6.30 EPS.

Aptiv Trading Up 3.9 %

NYSE APTV traded up $3.03 on Friday, reaching $80.82. 4,735,818 shares of the company were exchanged, compared to its average volume of 2,738,388. Aptiv has a fifty-two week low of $68.84 and a fifty-two week 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 business’s fifty day moving average price is $76.05 and its 200 day moving average price is $80.83. The stock has a market capitalization of $22.04 billion, a P/E ratio of 7.80, a price-to-earnings-growth ratio of 0.88 and a beta of 1.90.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Aptiv from $110.00 to $109.00 and set an “overweight” rating on the stock in a research report on Monday, April 22nd. Oppenheimer decreased their price objective on Aptiv from $148.00 to $145.00 and set an “outperform” rating for the company in a report on Friday. Barclays dropped their price target on Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Piper Sandler cut their target price on Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a research report on Thursday, February 1st. Finally, Royal Bank of Canada reduced their price objective on Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.29.

Insider Activity

In other news, SVP Benjamin Lyon sold 18,680 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president now owns 95,211 shares in the company, valued at approximately $7,396,942.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.34% of the company’s stock.

Aptiv Company Profile

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.