Aptiv (APTV) Scheduled to Post Earnings on Thursday

Aptiv (NYSE:APTV) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $1.71 per share for the quarter. Aptiv has set its FY 2024 guidance at 6.150-6.450 EPS and its FY24 guidance at $6.15-6.45 EPS.Parties interested in registering for the company’s conference call can do so using this link.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.16. The firm had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS. On average, analysts expect Aptiv to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Aptiv Trading Down 0.2 %

Shares of APTV stock opened at $69.53 on Thursday. The company’s 50-day moving average price is $70.22 and its 200-day moving average price is $72.87. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47. The stock has a market cap of $18.92 billion, a price-to-earnings ratio of 6.55, a PEG ratio of 0.65 and a beta of 1.79. Aptiv has a twelve month low of $63.62 and a twelve month high of $91.66.

Analyst Ratings Changes

A number of research analysts have commented on APTV shares. Bank of America decreased their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Citigroup decreased their target price on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. JPMorgan Chase & Co. upped their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday. Robert W. Baird decreased their target price on shares of Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Finally, Evercore ISI decreased their target price on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $95.50.

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.