Aptiv (APTV) to Release Quarterly Earnings on Thursday

Aptiv (NYSE:APTV) will announce its earnings results 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.Investors that are interested in participating in the company’s conference call can do so using this link.

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

Aptiv Stock Up 1.6 %

Aptiv stock opened at $70.43 on Tuesday. The firm has a market cap of $19.16 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 0.65 and a beta of 1.79. Aptiv has a 52 week low of $63.62 and a 52 week high of $91.66. The business’s 50-day moving average price is $70.21 and its 200 day moving average price is $72.69. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 0.47.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on APTV shares. Wells Fargo & Company upgraded Aptiv from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $78.00 to $87.00 in a research report on Friday, September 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $74.00 price target on shares of Aptiv in a research report on Tuesday, September 10th. Fox Advisors downgraded Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Robert W. Baird lowered their price target on Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Finally, The Goldman Sachs Group lowered their price target on Aptiv from $118.00 to $101.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.