Aptiv (APTV) Expected to Announce Quarterly Earnings on Wednesday

Aptiv (NYSE:APTV) is anticipated to release its earnings data 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.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.30 earnings per share. On average, analysts expect Aptiv to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Aptiv Price Performance

Aptiv stock opened at $61.77 on Wednesday. The stock’s 50 day moving average is $57.95 and its 200 day moving average is $64.92. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The firm 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 one year low of $51.47 and a one year high of $88.89.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Wells Fargo & Company cut their price objective on Aptiv from $74.00 to $70.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Royal Bank of Canada cut their price objective on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Fox Advisors downgraded Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Finally, Robert W. Baird lowered their target price on Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and a consensus target price of $84.29.

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.