Aptiv (NYSE:APTV) Updates FY 2024 Earnings Guidance

Aptiv (NYSE:APTV) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 6.000-6.300 for the period, compared to the consensus EPS estimate of 6.210. The company issued revenue guidance of $19.6 billion-$19.9 billion, compared to the consensus revenue estimate of $20.2 billion. Aptiv also updated its FY24 guidance to $6.00-6.30 EPS.

Aptiv Stock Performance

NYSE:APTV traded down $0.46 during mid-day trading on Friday, reaching $56.37. 6,184,402 shares of the stock were exchanged, compared to its average volume of 3,042,018. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 0.47. Aptiv has a 1 year low of $54.70 and a 1 year high of $91.66. The company has a 50 day simple moving average of $69.58 and a 200-day simple moving average of $72.41. The stock has a market capitalization of $14.98 billion, a P/E ratio of 4.26, a P/E/G ratio of 0.63 and a beta of 1.79.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the business posted $1.30 earnings per share. Aptiv’s quarterly revenue was down 5.1% on a year-over-year basis. Analysts anticipate that Aptiv will post 6.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on APTV. Wolfe Research began coverage on Aptiv in a report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price target for the company. StockNews.com initiated coverage on Aptiv in a research note on Saturday, October 26th. They set a “hold” rating for the company. The Goldman Sachs Group dropped their price target on Aptiv from $118.00 to $101.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Evercore ISI dropped their price target on Aptiv from $125.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, July 15th. Finally, Bank of America dropped their price target on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.18.

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.