Aptiv (NYSE:APTV) Updates FY24 Earnings Guidance

Aptiv (NYSE:APTV) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $5.80-6.30 for the period, compared to the consensus earnings per share estimate of $5.73. The company issued revenue guidance of $20.85-21.45 billion, compared to the consensus revenue estimate of $21.52 billion.

Aptiv Stock Performance

Shares of APTV stock traded up $3.03 during trading hours on Friday, hitting $80.82. The stock had a trading volume of 4,769,688 shares, compared to its average volume of 2,564,622. The firm has a market capitalization of $22.04 billion, a PE ratio of 7.62, a PEG ratio of 0.97 and a beta of 1.90. Aptiv has a twelve month low of $68.84 and a twelve month high of $113.60. The stock’s 50 day moving average is $76.13 and its 200 day moving average is $80.72. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 1.22.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.11. The firm had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. Aptiv’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. As a group, research analysts forecast that Aptiv will post 5.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on APTV. Oppenheimer reduced their target price on shares of Aptiv from $148.00 to $145.00 and set an outperform rating on the stock in a report on Friday. Morgan Stanley cut shares of Aptiv from an equal weight rating to an underweight rating and lowered their target price for the stock from $90.00 to $74.00 in a research note on Wednesday, February 7th. Piper Sandler dropped their price objective on shares of Aptiv from $80.00 to $79.00 and set a neutral rating for the company in a research note on Thursday, February 1st. Wells Fargo & Company lowered their target price on shares of Aptiv from $84.00 to $83.00 in a report on Monday, April 8th. Finally, UBS Group lifted their price target on shares of Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Aptiv presently has a consensus rating of Moderate Buy and an average price target of $109.29.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the sale, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

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.