Aptiv (NYSE:APTV) Releases Earnings Results, Beats Expectations By $0.16 EPS

Aptiv (NYSE:APTV) announced its quarterly earnings data on Thursday. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16, Briefing.com reports. The firm had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.25 earnings per share. Aptiv updated its FY 2024 guidance to 6.150-6.450 EPS and its FY24 guidance to $6.15-6.45 EPS.

Aptiv Trading Down 4.8 %

Shares of Aptiv stock traded down $3.50 during trading on Friday, hitting $69.63. The stock had a trading volume of 6,391,902 shares, compared to its average volume of 3,260,238. The firm’s fifty day simple moving average is $73.36 and its 200-day simple moving average is $76.84. The stock has a market cap of $18.94 billion, a PE ratio of 6.56, a PEG ratio of 0.66 and a beta of 1.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 0.89. Aptiv has a 12 month low of $65.13 and a 12 month high of $113.14.

Analyst Ratings Changes

Several research firms recently weighed in on APTV. Evercore ISI cut their target price on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, July 15th. The Goldman Sachs Group cut their target price on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. UBS Group cut their target price on shares of Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Barclays cut their target price on shares of Aptiv from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Finally, Citigroup cut their target price on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $97.14.

Insider Transactions at Aptiv

In other news, Director Nancy E. Cooper sold 394 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the completion of the sale, the director now owns 13,636 shares in the company, valued at approximately $1,049,699.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.34% of the company’s stock.

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.