Wall Street analysts expect that Aptiv PLC (NYSE:APTV) will post sales of $3.65 billion for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Aptiv’s earnings, with the highest sales estimate coming in at $3.69 billion and the lowest estimate coming in at $3.63 billion. Aptiv posted sales of $3.68 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.8%. The firm is expected to report its next earnings report before the market opens on Wednesday, July 31st.
On average, analysts expect that Aptiv will report full year sales of $14.73 billion for the current year, with estimates ranging from $14.35 billion to $15.06 billion. For the next fiscal year, analysts forecast that the company will report sales of $15.72 billion, with estimates ranging from $15.22 billion to $16.29 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Aptiv.
Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. Aptiv had a return on equity of 35.66% and a net margin of 6.95%. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the firm posted $1.29 EPS. The business’s quarterly revenue was down 1.5% compared to the same quarter last year.
A number of brokerages have recently issued reports on APTV. Robert W. Baird increased their target price on Aptiv from $103.00 to $109.00 and gave the company an “outperform” rating in a research report on Tuesday, June 11th. Zacks Investment Research raised Aptiv from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Morgan Stanley reduced their price objective on Aptiv from $70.00 to $69.00 and set an “underweight” rating for the company in a research note on Monday, April 15th. Wolfe Research downgraded Aptiv from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 18th. Finally, Buckingham Research downgraded Aptiv from a “buy” rating to a “neutral” rating and set a $81.96 price objective for the company. in a research note on Monday, March 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Aptiv currently has an average rating of “Buy” and an average target price of $90.76.
Aptiv stock opened at $79.19 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. Aptiv has a 12 month low of $58.80 and a 12 month high of $98.77. The stock has a 50 day moving average of $74.10. The stock has a market cap of $20.42 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 1.42 and a beta of 2.06.
Several institutional investors and hedge funds have recently modified their holdings of the business. PRW Wealth Management LLC purchased a new position in shares of Aptiv during the 4th quarter worth $28,000. Thor Advisors LLC purchased a new position in shares of Aptiv during the 1st quarter worth $33,000. Resources Investment Advisors Inc. purchased a new position in shares of Aptiv during the 4th quarter worth $34,000. Botty Investors LLC purchased a new position in shares of Aptiv during the 1st quarter worth $40,000. Finally, Essex Savings Bank grew its holdings in shares of Aptiv by 88.1% during the 1st quarter. Essex Savings Bank now owns 555 shares of the auto parts company’s stock worth $44,000 after purchasing an additional 260 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.
Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.
Featured Story: How is a management fee different from a performance fee?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Aptiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aptiv and related companies with MarketBeat.com's FREE daily email newsletter.