Aptiv (NYSE:APTV) Issues FY24 Earnings Guidance

Aptiv (NYSE:APTV) issued an update on its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $6.00-6.30 for the period, compared to the consensus earnings per share estimate of $6.23. The company issued revenue guidance of $19.6-19.9 billion, compared to the consensus revenue estimate of $20.14 billion. Aptiv also updated its FY 2024 guidance to 6.000-6.300 EPS.

Aptiv Trading Down 0.8 %

APTV traded down $0.46 during midday trading on Friday, reaching $56.37. 6,184,402 shares of the company were exchanged, compared to its average volume of 3,042,018. The stock has a market capitalization of $14.98 billion, a P/E ratio of 4.26, a PEG 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 stock’s 50-day simple moving average is $69.58 and its 200 day simple moving average is $72.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same period last year, the firm posted $1.30 earnings per share. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, analysts forecast that Aptiv will post 6.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on APTV shares. Deutsche Bank Aktiengesellschaft cut their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday. Citigroup reduced their price target on Aptiv from $128.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Nomura Securities upgraded shares of Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. TD Cowen reduced their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a report on Friday. Finally, Evercore ISI lowered their price target on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and a consensus 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.