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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14, Briefing.com reports. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the prior year, the company earned $1.30 earnings per share. The company’s revenue for the quarter 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 Stock Performance

Aptiv stock traded down $0.31 on Friday, hitting $56.52. The company’s stock had a trading volume of 4,483,618 shares, compared to its average volume of 3,033,995. The company has a fifty day moving average price of $69.89 and a 200-day moving average price of $72.52. The firm has a market cap of $15.02 billion, a P/E ratio of 4.25, a price-to-earnings-growth ratio of 0.63 and a beta of 1.79. Aptiv has a one year low of $54.70 and a one year high of $91.66. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 0.47.

Wall Street Analyst Weigh In

APTV has been the topic of several research reports. 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 research note on Friday. StockNews.com assumed coverage on Aptiv in a report on Saturday, October 26th. They set a “hold” rating for the company. Citigroup lowered their target price on Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. JPMorgan Chase & Co. raised their price target on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group lowered 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $88.18.

About Aptiv

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.