Aptiv (APTV) Expected to Announce Earnings on Wednesday

Aptiv (NYSE:APTV) is projected to post its quarterly earnings results before the market opens on Wednesday, January 29th. Analysts expect Aptiv to post earnings of $1.85 per share and revenue of $4,868,720.00 billion for the quarter. Aptiv has set its FY 2024 guidance at 6.000-6.300 EPS and its FY24 guidance at $6.00-6.30 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the prior year, the company earned $1.30 earnings per share. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, analysts expect Aptiv to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Aptiv Trading Up 1.3 %

Shares of NYSE:APTV opened at $64.25 on Tuesday. The firm has a market cap of $15.10 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 0.56 and a beta of 1.75. Aptiv has a 12 month low of $51.47 and a 12 month high of $88.89. The company’s fifty day simple moving average is $58.60 and its 200 day simple moving average is $64.73. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.

Analyst Upgrades and Downgrades

Several analysts have issued reports on APTV shares. TD Cowen dropped their price target on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Oppenheimer dropped their target price on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Robert W. Baird raised Aptiv from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $75.00 to $82.00 in a research report on Monday. Wells Fargo & Company lifted their price objective on shares of Aptiv from $70.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, StockNews.com started coverage on shares of Aptiv in a research report on Wednesday, January 22nd. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and an average price target of $85.47.

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.