Wall Street brokerages expect Aptiv PLC (NYSE:APTV) to report $3.38 billion in sales for the current quarter, according to Zacks. Four analysts have made estimates for Aptiv’s earnings, with estimates ranging from $3.28 billion to $3.45 billion. Aptiv posted sales of $4.29 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 21.2%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that Aptiv will report full year sales of $3.38 billion for the current fiscal year, with estimates ranging from $13.58 billion to $14.10 billion. For the next financial year, analysts forecast that the company will post sales of $14.63 billion per share, with estimates ranging from $13.97 billion to $15.08 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 quarterly earnings data on Thursday, February 1st. The auto parts company reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.05). The company had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Aptiv had a return on equity of 50.01% and a net margin of 8.27%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.83 EPS.
Several analysts have recently weighed in on APTV shares. Bank of America upgraded shares of Aptiv from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Monday, November 20th. Robert W. Baird began coverage on shares of Aptiv in a research report on Wednesday, November 22nd. They issued an “outperform” rating and a $61.00 price target for the company. Guggenheim began coverage on shares of Aptiv in a research report on Monday, November 27th. They issued a “buy” rating and a $70.00 price target for the company. Royal Bank of Canada began coverage on shares of Aptiv in a research report on Monday, December 4th. They issued an “outperform” rating and a $60.00 price target for the company. Finally, Goldman Sachs began coverage on shares of Aptiv in a research report on Tuesday, December 5th. They issued a “buy” rating and a $57.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have issued a buy rating to the company’s stock. Aptiv presently has a consensus rating of “Buy” and an average target price of $98.43.
In other Aptiv news, SVP David Paja sold 6,287 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $92.08, for a total value of $578,906.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frank J. Dellaquila acquired 500 shares of the company’s stock in a transaction on Friday, February 9th. The stock was purchased at an average cost of $86.50 per share, for a total transaction of $43,250.00. The disclosure for this purchase can be found here. Insiders own 0.31% of the company’s stock.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Aptiv during the 4th quarter worth $1,534,060,000. Lazard Asset Management LLC acquired a new position in shares of Aptiv during the 4th quarter worth $478,991,000. Longview Partners Guernsey LTD acquired a new position in shares of Aptiv during the 4th quarter worth $378,094,000. Alliancebernstein L.P. acquired a new position in shares of Aptiv during the 4th quarter worth $331,936,000. Finally, Generation Investment Management LLP acquired a new position in shares of Aptiv during the 4th quarter worth $303,480,000. 92.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of Aptiv (NYSE APTV) traded up $0.36 during trading hours on Tuesday, hitting $89.32. 1,300,383 shares of the stock traded hands, compared to its average volume of 1,805,088. The stock has a market cap of $23,739.50, a P/E ratio of 17.69, a PEG ratio of 1.29 and a beta of 1.47. The company has a quick ratio of 1.29, a current ratio of 1.59 and a debt-to-equity ratio of 1.17. Aptiv has a twelve month low of $61.73 and a twelve month high of $96.91.
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Aptiv Company Profile
Aptiv PLC, formerly Delphi Automotive PLC, is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, and Electronics & Safety.
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