Aptiv (NYSE:APTV) Issues FY24 Earnings Guidance

Aptiv (NYSE:APTV) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $6.00-6.30 for the period, compared to the consensus earnings per share estimate of $6.23. The company issued revenue guidance of $19.6-19.9 billion, compared to the consensus revenue estimate of $20.14 billion. Aptiv also updated its FY 2024 guidance to 6.000-6.300 EPS.

Analyst Ratings Changes

APTV has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. The Goldman Sachs Group reduced their price objective on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Barclays decreased their target price on shares of Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Evercore ISI dropped their target price on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, July 15th. Finally, StockNews.com initiated coverage on Aptiv in a research note on Saturday, October 26th. They set a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Aptiv presently has an average rating of “Moderate Buy” and a consensus price target of $88.18.

Aptiv Trading Down 0.8 %

Shares of NYSE:APTV traded down $0.46 during mid-day trading on Friday, reaching $56.37. 6,184,402 shares of the company’s stock were exchanged, compared to its average volume of 3,042,018. The firm has a market capitalization of $14.98 billion, a price-to-earnings ratio of 4.26, a PEG ratio of 0.63 and a beta of 1.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49. Aptiv has a twelve month low of $54.70 and a twelve month high of $91.66. The business’s fifty day moving average price is $69.58 and its 200-day moving average price is $72.41.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The business 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 firm posted $1.30 earnings per share. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, research analysts predict that Aptiv will post 6.23 EPS for the current fiscal year.

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.