Aptiv (APTV) Scheduled to Post Earnings on Thursday

Aptiv (NYSE:APTV) will be releasing its earnings data before the market opens on Thursday, October 31st. Analysts expect Aptiv to post 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.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.42 by $0.16. The business had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $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 Performance

APTV stock opened at $69.53 on Thursday. The firm 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. The firm has a 50-day simple moving average of $70.22 and a two-hundred day simple moving average of $72.87. Aptiv has a one year low of $63.62 and a one year high of $91.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49.

Analyst Ratings Changes

Several equities analysts recently commented on APTV shares. Citigroup decreased their price objective on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, July 12th. StockNews.com lowered shares of Aptiv from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $74.00 price objective on shares of Aptiv in a research report on Tuesday, September 10th. JPMorgan Chase & Co. increased their price objective on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and a consensus 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.