Aptiv (NYSE:APTV) Issues FY24 Earnings Guidance

Aptiv (NYSE:APTV) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $5.80-6.30 for the period, compared to the consensus EPS estimate of $5.73. The company issued revenue guidance of $20.85-21.45 billion, compared to the consensus revenue estimate of $21.52 billion.

Aptiv Stock Performance

Shares of NYSE:APTV traded up $3.03 during trading on Friday, reaching $80.82. The company had a trading volume of 4,769,688 shares, compared to its average volume of 2,564,622. The stock’s fifty day moving average price is $76.13 and its 200 day moving average price is $80.72. Aptiv has a fifty-two week low of $68.84 and a fifty-two week high of $113.60. The firm has a market capitalization of $22.04 billion, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of 0.97 and a beta of 1.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 1.22.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The firm had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. Aptiv’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts predict that Aptiv will post 5.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on APTV. UBS Group boosted their target price on Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Citigroup decreased their target price on Aptiv from $150.00 to $136.00 and set a buy rating on the stock in a research report on Thursday, February 1st. Guggenheim decreased their target price on Aptiv from $103.00 to $92.00 and set a buy rating on the stock in a research report on Wednesday, April 17th. Robert W. Baird boosted their target price on Aptiv from $86.00 to $90.00 and gave the stock a neutral rating in a research report on Friday. Finally, Oppenheimer decreased their target price on Aptiv from $148.00 to $145.00 and set an outperform rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $109.29.

Insiders Place Their Bets

In related news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the completion of the sale, the senior vice president now owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is owned by corporate insiders.

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.