Aptiv (NYSE:APTV) Issues Earnings Results

Aptiv (NYSE:APTV) released its quarterly earnings results on Thursday. The auto parts company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.11, Briefing.com reports. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The company had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the firm posted $0.91 earnings per share. Aptiv’s revenue was up 1.1% compared to the same quarter last year. Aptiv updated its FY24 guidance to $5.80-6.30 EPS.

Aptiv Stock Performance

NYSE APTV traded up $3.03 during trading on Friday, reaching $80.82. The company’s stock had a trading volume of 4,735,818 shares, compared to its average volume of 2,738,388. Aptiv has a 12 month low of $68.84 and a 12 month high of $113.60. The firm has a 50 day moving average price of $76.05 and a 200 day moving average price of $80.83. The firm has a market capitalization of $22.04 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 0.88 and a beta of 1.90. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on APTV shares. Piper Sandler cut their price target on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Robert W. Baird boosted their price objective on shares of Aptiv from $86.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. lowered their target price on Aptiv from $110.00 to $109.00 and set an “overweight” rating for the company in a report on Monday, April 22nd. UBS Group boosted their price target on Aptiv from $107.00 to $110.00 in a report on Monday, April 8th. Finally, Oppenheimer dropped their target price on Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $109.29.

Insider Activity

In other news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the completion of the sale, the senior vice president now directly owns 95,211 shares in the company, valued at approximately $7,396,942.59. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.34% of the stock is owned by company insiders.

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.