Aptiv PLC (NYSE:APTV) Expected to Post Earnings of $1.14 Per Share

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Wall Street analysts expect Aptiv PLC (NYSE:APTV) to report earnings per share of $1.14 for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Aptiv’s earnings. The highest EPS estimate is $1.18 and the lowest is $1.12. Aptiv posted earnings of $1.40 per share in the same quarter last year, which would suggest a negative year over year growth rate of 18.6%. The business is scheduled to announce its next earnings report on Tuesday, July 30th.

According to Zacks, analysts expect that Aptiv will report full year earnings of $5.03 per share for the current fiscal year, with EPS estimates ranging from $4.90 to $5.42. For the next fiscal year, analysts anticipate that the company will post earnings of $5.85 per share, with EPS estimates ranging from $5.35 to $6.34. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Aptiv.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. Aptiv had a return on equity of 35.66% and a net margin of 6.95%. The company had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period in the previous year, the company earned $1.29 earnings per share. The company’s quarterly revenue was down 1.5% compared to the same quarter last year.

APTV has been the subject of a number of recent research reports. Morgan Stanley cut their target price on Aptiv from $70.00 to $69.00 and set an “underweight” rating for the company in a research note on Monday, April 15th. Wolfe Research cut Aptiv from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 18th. Oppenheimer assumed coverage on Aptiv in a research report on Thursday, March 28th. They issued an “outperform” rating and a $93.00 price target on the stock. KeyCorp upped their price target on Aptiv from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Finally, Buckingham Research lowered their price target on Aptiv from $80.00 to $76.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $92.40.

Shares of NYSE APTV traded down $1.37 during trading hours on Friday, reaching $74.72. The stock had a trading volume of 55,628 shares, compared to its average volume of 1,869,540. The company has a current ratio of 1.20, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $19.62 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.34 and a beta of 1.93. Aptiv has a twelve month low of $58.80 and a twelve month high of $103.23.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.18%. The ex-dividend date was Tuesday, May 7th. Aptiv’s payout ratio is 16.73%.

In other Aptiv news, SVP David M. Sherbin sold 19,689 shares of the stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $86.79, for a total value of $1,708,808.31. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in APTV. PRW Wealth Management LLC acquired a new position in Aptiv in the fourth quarter valued at about $28,000. Oregon Public Employees Retirement Fund grew its holdings in shares of Aptiv by 3,023.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,974,550 shares of the auto parts company’s stock worth $32,000 after buying an additional 1,911,334 shares in the last quarter. Thor Advisors LLC bought a new position in shares of Aptiv during the first quarter worth about $33,000. Laurel Wealth Advisors LLC bought a new position in shares of Aptiv during the fourth quarter worth about $34,000. Finally, Resources Investment Advisors Inc. bought a new position in shares of Aptiv during the fourth quarter worth about $34,000. 94.51% of the stock is currently owned by hedge funds and other institutional investors.

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 segment, Signal and Power Solutions, and Advanced Safety and User Experience.

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Earnings History and Estimates for Aptiv (NYSE:APTV)

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