Aptiv (NYSE:APTV) Issues FY24 Earnings Guidance

Aptiv (NYSE:APTV) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $6.00-6.30 for the period, compared to the consensus estimate of $6.16. The company issued revenue guidance of $19.6-19.9 billion, compared to the consensus revenue estimate of $19.69 billion. Aptiv also updated its FY 2024 guidance to 6.000-6.300 EPS.

Aptiv Price Performance

APTV stock opened at $64.02 on Friday. The firm has a 50 day simple moving average of $58.19 and a two-hundred day simple moving average of $64.84. The stock has a market cap of $15.05 billion, a PE ratio of 7.14, a P/E/G ratio of 0.56 and a beta of 1.75. Aptiv has a one year low of $51.47 and a one year high of $88.89. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the prior year, the firm earned $1.30 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. On average, analysts predict that Aptiv will post 6.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on APTV. Royal Bank of Canada reduced their price target on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. lifted their target price on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Robert W. Baird upped their price target on shares of Aptiv from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday. Barclays decreased their price objective on Aptiv from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, StockNews.com began coverage on Aptiv in a report on Wednesday. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.06.

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.