Q4 2019 EPS Estimates for Aptiv PLC (NYSE:APTV) Lowered by Analyst

Aptiv PLC (NYSE:APTV) – Investment analysts at Jefferies Financial Group lowered their Q4 2019 earnings per share (EPS) estimates for Aptiv in a research report issued to clients and investors on Thursday, October 17th. Jefferies Financial Group analyst D. Kelley now anticipates that the auto parts company will earn $1.42 per share for the quarter, down from their prior estimate of $1.47. Jefferies Financial Group has a “Buy” rating and a $108.00 price objective on the stock.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.20. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.64 billion. Aptiv had a net margin of 6.86% and a return on equity of 34.92%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 earnings per share.

Several other research firms have also issued reports on APTV. ValuEngine lowered shares of Aptiv from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley decreased their price target on shares of Aptiv from $63.00 to $62.00 and set an “underweight” rating on the stock in a research report on Wednesday, September 25th. Guggenheim started coverage on shares of Aptiv in a research report on Tuesday, October 15th. They issued a “buy” rating and a $98.00 price target on the stock. Citigroup lifted their price target on shares of Aptiv from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Credit Suisse Group raised their price objective on shares of Aptiv from $90.00 to $96.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Aptiv currently has a consensus rating of “Buy” and an average target price of $92.62.

Aptiv stock opened at $90.39 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.89 and a current ratio of 1.22. The firm has a market cap of $22.79 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 1.57 and a beta of 2.05. Aptiv has a 1 year low of $58.80 and a 1 year high of $91.57. The firm’s 50 day moving average price is $87.09 and its two-hundred day moving average price is $81.72.

In other Aptiv news, CAO Allan J. Brazier sold 4,752 shares of Aptiv stock in a transaction on Monday, September 9th. The shares were sold at an average price of $90.00, for a total transaction of $427,680.00. Also, CFO Joseph R. Massaro sold 2,800 shares of Aptiv stock in a transaction on Monday, September 16th. The shares were sold at an average price of $89.56, for a total transaction of $250,768.00. Company insiders own 0.40% of the company’s stock.

Several large investors have recently modified their holdings of APTV. Price T Rowe Associates Inc. MD lifted its stake in shares of Aptiv by 6.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 45,290,324 shares of the auto parts company’s stock valued at $3,660,817,000 after purchasing an additional 2,805,856 shares during the last quarter. Generation Investment Management LLP lifted its stake in shares of Aptiv by 34.0% in the 2nd quarter. Generation Investment Management LLP now owns 5,659,743 shares of the auto parts company’s stock valued at $457,477,000 after purchasing an additional 1,437,306 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Aptiv by 0.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,511,620 shares of the auto parts company’s stock valued at $365,003,000 after purchasing an additional 41,542 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Aptiv by 11.5% in the 2nd quarter. Invesco Ltd. now owns 3,821,137 shares of the auto parts company’s stock valued at $308,864,000 after purchasing an additional 395,530 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Aptiv by 1.0% in the 2nd quarter. Northern Trust Corp now owns 3,025,128 shares of the auto parts company’s stock valued at $244,521,000 after purchasing an additional 30,177 shares during the last quarter. 95.44% of the stock is owned by 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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