Aptiv (NYSE:APTV) Issues FY 2022 Earnings Guidance

Aptiv (NYSE:APTV – Get Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.90-$4.80 for the period, compared to the consensus estimate of $3.88. The company issued revenue guidance of $17.75 billion-$18.15 billion, compared to the consensus revenue estimate of $17.83 billion.

Shares of NYSE APTV traded up $6.64 during mid-day trading on Friday, reaching $98.13. 1,536,766 shares of the company’s stock were exchanged, compared to its average volume of 1,760,289. The firm has a market capitalization of $26.59 billion, a price-to-earnings ratio of 82.46, a PEG ratio of 2.04 and a beta of 2.01. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.04 and a current ratio of 2.60. Aptiv has a 52-week low of $88.15 and a 52-week high of $180.81. The company’s 50-day moving average is $109.50 and its 200-day moving average is $138.98.

Aptiv (NYSE:APTV – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The auto parts company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Aptiv had a return on equity of 7.23% and a net margin of 2.43%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.06 EPS. As a group, equities analysts predict that Aptiv will post 4.06 earnings per share for the current fiscal year.

Several research firms recently issued reports on APTV. Exane BNP Paribas began coverage on Aptiv in a research note on Monday, April 11th. They set an outperform rating and a $160.00 target price on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on Aptiv from $140.00 to $137.00 in a research note on Monday, May 9th. BNP Paribas began coverage on Aptiv in a research report on Monday, April 11th. They issued an outperform rating and a $160.00 price target on the stock. Credit Suisse Group cut their target price on Aptiv from $190.00 to $185.00 and set an outperform rating on the stock in a research report on Monday, February 7th. Finally, Bank of America upgraded Aptiv from an underperform rating to a buy rating and raised their price target for the stock from $125.00 to $165.00 in a research note on Wednesday, April 6th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Aptiv has an average rating of Buy and an average target price of $159.50.

In related news, CEO Kevin P. Clark sold 5,830 shares of Aptiv stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of $109.98, for a total value of $641,183.40. Following the transaction, the chief executive officer now directly owns 676,822 shares in the company, valued at approximately $74,436,883.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of APTV. Zullo Investment Group Inc. bought a new position in Aptiv during the fourth quarter valued at about $56,000. NEXT Financial Group Inc increased its stake in Aptiv by 106.2% during the fourth quarter. NEXT Financial Group Inc now owns 501 shares of the auto parts company’s stock valued at $83,000 after acquiring an additional 258 shares during the period. Enlightenment Research LLC bought a new position in Aptiv during the first quarter valued at about $239,000. XTX Topco Ltd boosted its holdings in Aptiv by 42.3% during the first quarter. XTX Topco Ltd now owns 2,151 shares of the auto parts company’s stock valued at $257,000 after purchasing an additional 639 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in Aptiv by 32.6% during the first quarter. Sequoia Financial Advisors LLC now owns 2,239 shares of the auto parts company’s stock valued at $268,000 after purchasing an additional 551 shares in the last quarter. Institutional investors own 91.08% of the company’s stock.

Aptiv Company Profile (Get Rating)

Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle's electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers, and hybrid high voltage and safety distribution systems.

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