Aptiv (NYSE:APTV) Releases FY 2024 Earnings Guidance

Aptiv (NYSE:APTV) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 6.000-6.300 for the period, compared to the consensus estimate of 6.140. The company issued revenue guidance of $19.6 billion-$19.9 billion, compared to the consensus revenue estimate of $19.7 billion.

Analyst Upgrades and Downgrades

APTV has been the subject of a number of analyst reports. Royal Bank of Canada cut their price objective on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. increased their price objective on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Oppenheimer lowered their price target on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Wells Fargo & Company cut their price objective on Aptiv from $74.00 to $70.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.29.

Aptiv Trading Up 1.0 %

NYSE APTV opened at $61.77 on Wednesday. The stock’s fifty day moving average price is $57.95 and its 200-day moving average price is $64.92. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The stock has a market cap of $14.52 billion, a P/E ratio of 6.89, a P/E/G ratio of 0.54 and a beta of 1.75. Aptiv has a 12 month low of $51.47 and a 12 month high of $88.89.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. As a group, equities analysts forecast that Aptiv will post 6.15 EPS for the current fiscal year.

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.