Aptiv (NYSE:APTV) Issues Quarterly Earnings Results

Aptiv (NYSE:APTV) posted its earnings results on Thursday. The auto parts company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14, Briefing.com reports. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The business’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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 Stock Down 0.6 %

NYSE:APTV traded down $0.35 on Friday, reaching $56.48. The stock had a trading volume of 5,034,990 shares, compared to its average volume of 3,036,596. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47. Aptiv has a 12-month low of $54.70 and a 12-month high of $91.66. The company has a 50-day moving average of $69.89 and a 200 day moving average of $72.52. The stock has a market cap of $15.01 billion, a P/E ratio of 4.25, a price-to-earnings-growth ratio of 0.63 and a beta of 1.79.

Wall Street Analyst Weigh In

APTV has been the topic of several analyst reports. The Goldman Sachs Group lowered their target price on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Evercore ISI reduced their price objective on Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 15th. Oppenheimer lowered their target price on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday. Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Finally, Barclays cut their target price on Aptiv from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Two investment 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.