Aptiv (NYSE:APTV) Releases FY24 Earnings Guidance

Aptiv (NYSE:APTV) updated its FY24 earnings guidance on Thursday. 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 Trading Up 3.9 %

Shares of APTV stock traded up $3.03 during mid-day trading on Friday, reaching $80.82. The company’s stock had a trading volume of 4,769,688 shares, compared to its average volume of 2,564,622. The company’s 50 day simple moving average is $76.13 and its 200-day simple moving average is $80.72. The company has a quick ratio of 1.22, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. Aptiv has a 12-month low of $68.84 and a 12-month high of $113.60. The firm has a market capitalization of $22.04 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.97 and a beta of 1.90.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.99 billion. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 EPS. On average, research analysts predict that Aptiv will post 5.99 EPS for the current fiscal year.

Analyst Ratings Changes

APTV has been the topic of several analyst reports. Robert W. Baird raised their price target on shares of Aptiv from $86.00 to $90.00 and gave the company a neutral rating in a research note on Friday. Morgan Stanley lowered Aptiv from an equal weight rating to an underweight rating and lowered their price target for the company from $90.00 to $74.00 in a report on Wednesday, February 7th. Guggenheim decreased their target price on shares of Aptiv from $103.00 to $92.00 and set a buy rating for the company in a research report on Wednesday, April 17th. Barclays reduced their price target on shares of Aptiv from $112.00 to $110.00 and set an overweight rating for the company in a research note on Thursday, April 11th. Finally, UBS Group raised their price objective on shares of Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Aptiv has a consensus rating of Moderate Buy and an average target price of $109.29.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of Aptiv stock in a transaction on Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the sale, the senior vice president now directly owns 95,211 shares in the company, valued at $7,396,942.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is currently 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.