Equities research analysts expect that Aptiv PLC (NYSE:APTV) will post $3.55 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Aptiv’s earnings, with the lowest sales estimate coming in at $3.52 billion and the highest estimate coming in at $3.58 billion. Aptiv reported sales of $4.32 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 17.8%. The business is scheduled to announce its next earnings report on Wednesday, August 1st.
On average, analysts expect that Aptiv will report full-year sales of $14.29 billion for the current financial year, with estimates ranging from $14.16 billion to $14.37 billion. For the next financial year, analysts anticipate that the company will post sales of $15.20 billion per share, with estimates ranging from $14.67 billion to $15.69 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Aptiv.
Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, May 2nd. The auto parts company reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.09. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.35 billion. Aptiv had a return on equity of 44.95% and a net margin of 8.44%. The company’s quarterly revenue was up 15.5% on a year-over-year basis.
Several analysts have issued reports on the company. Barclays upped their target price on Aptiv from $113.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 3rd. Longbow Research set a $110.00 price objective on Aptiv and gave the company a “buy” rating in a research report on Thursday, May 3rd. ValuEngine downgraded Aptiv from a “buy” rating to a “hold” rating in a research report on Friday. Royal Bank of Canada boosted their price objective on Aptiv to $115.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Robert W. Baird boosted their price objective on Aptiv from $106.00 to $107.00 and gave the company an “outperform” rating in a research report on Tuesday, April 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $99.86.
In related news, Director Mark P. Frissora sold 7,826 shares of the company’s stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $102.59, for a total transaction of $802,869.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of APTV. BB&T Investment Services Inc. purchased a new stake in Aptiv in the fourth quarter worth $145,000. Massey Quick Simon & CO. LLC grew its stake in Aptiv by 272.6% in the first quarter. Massey Quick Simon & CO. LLC now owns 1,725 shares of the auto parts company’s stock worth $147,000 after purchasing an additional 1,262 shares during the period. Buckingham Asset Management LLC purchased a new stake in Aptiv in the fourth quarter worth $201,000. Neumann Capital Management LLC purchased a new stake in Aptiv in the first quarter worth $203,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in Aptiv in the fourth quarter worth $204,000. 89.47% of the stock is currently owned by institutional investors.
Shares of APTV opened at $96.24 on Friday. The company has a market capitalization of $25.76 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.35 and a beta of 1.52. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 1.13. Aptiv has a 1 year low of $71.71 and a 1 year high of $103.23.
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 segments, Signal and Power Solutions; and Advanced Safety and User Experience.
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