Brokerages Anticipate Aptiv PLC (NYSE:APTV) Will Post Quarterly Sales of $3.99 Billion

Wall Street analysts expect Aptiv PLC (NYSE:APTV) to announce sales of $3.99 billion for the current quarter, according to Zacks. Six analysts have made estimates for Aptiv’s earnings. The highest sales estimate is $4.05 billion and the lowest is $3.94 billion. Aptiv reported sales of $3.67 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.7%. The business is expected to announce its next quarterly earnings report on Thursday, November 4th.

On average, analysts expect that Aptiv will report full-year sales of $16.29 billion for the current fiscal year, with estimates ranging from $16.22 billion to $16.39 billion. For the next fiscal year, analysts forecast that the company will report sales of $18.33 billion, with estimates ranging from $17.80 billion to $19.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Aptiv.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, August 4th. The auto parts company reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.07). Aptiv had a net margin of 6.72% and a return on equity of 13.68%. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the firm posted ($1.10) earnings per share. The company’s quarterly revenue was up 94.2% on a year-over-year basis.

APTV has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Aptiv from $169.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, August 6th. Wells Fargo & Company cut their price target on shares of Aptiv from $125.00 to $124.00 and set an “underweight” rating on the stock in a report on Friday, September 10th. Jefferies Financial Group boosted their price target on shares of Aptiv from $170.00 to $182.00 and gave the company a “buy” rating in a report on Friday, July 9th. Barclays upped their price objective on shares of Aptiv from $164.00 to $174.00 and gave the company an “overweight” rating in a research note on Friday, August 6th. Finally, Guggenheim raised shares of Aptiv from a “neutral” rating to a “buy” rating and set a $184.00 price objective for the company in a report on Thursday, June 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Aptiv currently has a consensus rating of “Buy” and an average price target of $157.88.

In other Aptiv news, CEO Kevin P. Clark sold 5,830 shares of the business’s stock in a transaction dated Tuesday, July 13th. The stock was sold at an average price of $157.41, for a total transaction of $917,700.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.45% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC increased its stake in shares of Aptiv by 9.5% in the second quarter. Parametric Portfolio Associates LLC now owns 771,249 shares of the auto parts company’s stock valued at $121,341,000 after buying an additional 67,231 shares during the period. BDO Wealth Advisors LLC increased its stake in shares of Aptiv by 2.2% in the second quarter. BDO Wealth Advisors LLC now owns 15,674 shares of the auto parts company’s stock valued at $2,466,000 after buying an additional 330 shares during the period. Mariner LLC increased its stake in shares of Aptiv by 6.1% in the second quarter. Mariner LLC now owns 174,062 shares of the auto parts company’s stock valued at $27,385,000 after buying an additional 9,966 shares during the period. Jefferies Group LLC increased its stake in shares of Aptiv by 167.5% in the second quarter. Jefferies Group LLC now owns 41,014 shares of the auto parts company’s stock valued at $6,453,000 after buying an additional 25,680 shares during the period. Finally, Boston Common Asset Management LLC boosted its holdings in Aptiv by 8.3% in the second quarter. Boston Common Asset Management LLC now owns 49,831 shares of the auto parts company’s stock valued at $7,840,000 after acquiring an additional 3,817 shares during the last quarter. 89.34% of the stock is owned by institutional investors.

Shares of NYSE:APTV traded up $4.53 during trading on Friday, reaching $154.36. The company had a trading volume of 65,439 shares, compared to its average volume of 1,521,298. The firm’s fifty day moving average is $156.94 and its 200 day moving average is $150.46. The firm has a market capitalization of $41.76 billion, a PE ratio of 40.94, a price-to-earnings-growth ratio of 3.54 and a beta of 2.10. Aptiv has a twelve month low of $82.12 and a twelve month high of $170.47. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.60 and a current ratio of 2.06.

Aptiv Company Profile

Aptiv Plc engages in the design, development, and manufacture of vehicle components. The firm also provides electrical, electronic, and safety technology solutions to the global automotive and commercial vehicle markets. It operates through the following business segments: Signal and Power Solutions, Advanced Safety and User Experience, and Eliminations and Other.

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Earnings History and Estimates for Aptiv (NYSE:APTV)

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