Aptiv PLC (NYSE:APTV) Expected to Post Earnings of $1.30 Per Share

Equities analysts expect Aptiv PLC (NYSE:APTV) to report earnings of $1.30 per share for the current quarter, according to Zacks. Nine analysts have provided estimates for Aptiv’s earnings, with the highest EPS estimate coming in at $1.33 and the lowest estimate coming in at $1.28. Aptiv reported earnings per share of $1.24 during the same quarter last year, which indicates a positive year-over-year growth rate of 4.8%. The company is expected to announce its next quarterly earnings results on Wednesday, October 30th.

According to Zacks, analysts expect that Aptiv will report full year earnings of $5.11 per share for the current fiscal year, with EPS estimates ranging from $5.08 to $5.18. For the next fiscal year, analysts anticipate that the company will report earnings of $5.77 per share, with EPS estimates ranging from $5.27 to $6.23. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Aptiv.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.20. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.64 billion. Aptiv had a return on equity of 34.92% and a net margin of 6.86%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.40 earnings per share.

A number of equities research analysts have weighed in on APTV shares. UBS Group raised their target price on Aptiv from $81.00 to $87.00 and gave the company a “neutral” rating in a report on Friday. Credit Suisse Group increased their price target on Aptiv from $90.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. ValuEngine upgraded Aptiv from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Bank of America increased their price target on Aptiv from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley dropped their price target on Aptiv from $67.00 to $65.00 and set an “underweight” rating for the company in a research note on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. Aptiv has an average rating of “Buy” and a consensus target price of $91.90.

A number of large investors have recently made changes to their positions in APTV. Thor Advisors LLC acquired a new stake in Aptiv during the 1st quarter worth about $33,000. Botty Investors LLC acquired a new stake in Aptiv during the 1st quarter worth about $40,000. Essex Savings Bank grew its holdings in Aptiv by 88.1% during the 1st quarter. Essex Savings Bank now owns 555 shares of the auto parts company’s stock worth $44,000 after acquiring an additional 260 shares during the period. Advisors Preferred LLC acquired a new stake in Aptiv during the 1st quarter worth about $50,000. Finally, Cornerstone Advisors Inc. grew its holdings in Aptiv by 30.6% during the 2nd quarter. Cornerstone Advisors Inc. now owns 692 shares of the auto parts company’s stock worth $56,000 after acquiring an additional 162 shares during the period. 93.12% of the stock is owned by institutional investors and hedge funds.

Shares of APTV stock traded down $3.40 during trading hours on Friday, reaching $80.12. The company’s stock had a trading volume of 707,106 shares, compared to its average volume of 1,399,546. The firm’s 50 day simple moving average is $81.37 and its 200-day simple moving average is $80.07. The company has a market capitalization of $21.06 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 1.44 and a beta of 2.06. Aptiv has a fifty-two week low of $58.80 and a fifty-two week high of $92.98. The company has a quick ratio of 0.89, a current ratio of 1.22 and a debt-to-equity ratio of 1.16.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Tuesday, August 6th. Aptiv’s dividend payout ratio is currently 16.73%.

Aptiv Company Profile

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.

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Earnings History and Estimates for Aptiv (NYSE:APTV)

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