Aptiv (NYSE:APTV) Issues FY24 Earnings Guidance

Aptiv (NYSE:APTV) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $6.00-6.30 for the period, compared to the consensus estimate of $6.16. The company issued revenue guidance of $19.6-19.9 billion, compared to the consensus revenue estimate of $19.69 billion. Aptiv also updated its FY 2024 guidance to 6.000-6.300 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on APTV shares. Guggenheim restated a “buy” rating and set a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. Wells Fargo & Company reduced their price target on Aptiv from $74.00 to $70.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Bank of America lowered their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and an average price target of $84.29.

Aptiv Price Performance

APTV opened at $61.77 on Wednesday. Aptiv has a 1 year low of $51.47 and a 1 year high of $88.89. The stock has a 50-day moving average price of $57.95 and a 200-day moving average price of $64.92. The firm has a market cap of $14.52 billion, a PE ratio of 6.89, a P/E/G ratio of 0.54 and a beta of 1.75. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.15. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company posted $1.30 earnings per share. Sell-side analysts predict that Aptiv will post 6.15 earnings per share for the current fiscal year.

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.