Equities analysts forecast that Aptiv PLC (NYSE:APTV) will post earnings per share of $0.67 for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Aptiv’s earnings. The highest EPS estimate is $0.89 and the lowest is $0.45. Aptiv posted earnings of ($1.10) per share in the same quarter last year, which would suggest a positive year over year growth rate of 160.9%. The business is expected to issue its next earnings results on Thursday, July 29th.
According to Zacks, analysts expect that Aptiv will report full-year earnings of $3.72 per share for the current financial year, with EPS estimates ranging from $3.59 to $3.80. For the next fiscal year, analysts forecast that the firm will post earnings of $5.14 per share, with EPS estimates ranging from $4.67 to $5.61. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Aptiv.
Aptiv (NYSE:APTV) last announced its quarterly earnings data on Wednesday, May 5th. The auto parts company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.29. Aptiv had a net margin of 3.80% and a return on equity of 8.41%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the firm posted $0.68 EPS. The company’s quarterly revenue was up 24.7% on a year-over-year basis.
A number of research analysts have recently commented on APTV shares. Wells Fargo & Company began coverage on shares of Aptiv in a research report on Wednesday, March 31st. They issued an “underweight” rating and a $119.00 price objective for the company. Raymond James lifted their target price on shares of Aptiv from $160.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, May 17th. Credit Suisse Group lifted their target price on shares of Aptiv from $137.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, February 4th. JPMorgan Chase & Co. downgraded shares of Aptiv from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $110.00 to $134.00 in a report on Friday, January 22nd. They noted that the move was a valuation call. Finally, Royal Bank of Canada lifted their target price on shares of Aptiv from $174.00 to $187.00 and gave the stock an “outperform” rating in a report on Friday, May 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $135.89.
In related news, SVP Vos Glen W. De sold 2,056 shares of the company’s stock in a transaction that occurred on Monday, March 22nd. The shares were sold at an average price of $146.23, for a total transaction of $300,648.88. Following the completion of the transaction, the senior vice president now directly owns 59,700 shares in the company, valued at approximately $8,729,931. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.45% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. Alliancebernstein L.P. boosted its stake in shares of Aptiv by 2.0% in the 4th quarter. Alliancebernstein L.P. now owns 7,830,328 shares of the auto parts company’s stock valued at $1,020,214,000 after purchasing an additional 152,349 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Aptiv by 10.4% in the 4th quarter. Artisan Partners Limited Partnership now owns 6,551,433 shares of the auto parts company’s stock valued at $853,586,000 after purchasing an additional 616,858 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Aptiv by 3.4% in the 1st quarter. Geode Capital Management LLC now owns 4,526,262 shares of the auto parts company’s stock valued at $622,462,000 after purchasing an additional 149,829 shares during the last quarter. Norges Bank acquired a new position in shares of Aptiv during the 4th quarter valued at $576,344,000. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Aptiv by 2.9% during the 4th quarter. UBS Asset Management Americas Inc. now owns 4,260,367 shares of the auto parts company’s stock valued at $555,083,000 after acquiring an additional 118,860 shares during the period. 86.64% of the stock is currently owned by institutional investors.
Shares of APTV traded up $3.15 during midday trading on Friday, reaching $140.46. The stock had a trading volume of 1,351,233 shares, compared to its average volume of 1,314,866. The firm has a 50 day simple moving average of $141.80 and a 200-day simple moving average of $136.57. Aptiv has a one year low of $70.11 and a one year high of $160.14. The firm has a market cap of $37.99 billion, a PE ratio of 83.11, a P/E/G ratio of 3.38 and a beta of 2.12. The company has a current ratio of 1.97, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48.
About Aptiv
Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.
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