Aptiv (NYSE:APTV) Releases Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Aptiv (NYSE:APTV) posted 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. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. Aptiv’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 earnings per share. Aptiv updated its FY 2024 guidance to 6.000-6.300 EPS and its FY24 guidance to $6.00-6.30 EPS.

Aptiv Trading Down 0.5 %

Shares of APTV traded down $0.31 during trading hours on Friday, reaching $56.52. The stock had a trading volume of 4,483,618 shares, compared to its average volume of 3,033,995. The company has a market cap of $15.02 billion, a P/E ratio of 4.25, a P/E/G ratio of 0.63 and a beta of 1.79. Aptiv has a 52 week low of $54.70 and a 52 week 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. The firm has a 50-day moving average of $69.89 and a 200 day moving average of $72.52.

Wall Street Analysts Forecast Growth

APTV has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research report on Friday. Robert W. Baird cut their price target on Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a report on Friday. JPMorgan Chase & Co. increased their price objective on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Nomura Securities upgraded shares of Aptiv from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. Finally, The Goldman Sachs Group reduced their target price on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.