Aptiv (NYSE:APTV) Issues Quarterly Earnings Results

Aptiv (NYSE:APTV) released its earnings results on Thursday. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.14, Briefing.com reports. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the previous year, the firm earned $1.30 EPS. The company’s revenue was down 5.1% on a year-over-year basis. Aptiv updated its FY 2024 guidance to 6.000-6.300 EPS and its FY24 guidance to $6.00-6.30 EPS.

Aptiv Trading Down 0.6 %

Shares of APTV traded down $0.35 during midday trading on Friday, hitting $56.48. The stock had a trading volume of 5,034,990 shares, compared to its average volume of 3,036,596. Aptiv has a fifty-two week low of $54.70 and a fifty-two week high of $91.66. The business has a 50-day simple moving average of $69.89 and a two-hundred day simple moving average of $72.52. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47. The firm has a market cap of $15.01 billion, a P/E ratio of 4.25, a price-to-earnings-growth ratio of 0.63 and a beta of 1.79.

Wall Street Analyst Weigh In

Several research firms have weighed in on APTV. Morgan Stanley lowered their target price on shares of Aptiv from $70.00 to $68.00 and set an “underweight” rating for the company in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research report on Friday. TD Cowen cut their target price on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday. Robert W. Baird dropped their price objective on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Citigroup decreased their target price on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.