Aptiv PLC (NYSE:APTV) Expected to Post Earnings of $1.08 Per Share

Analysts predict that Aptiv PLC (NYSE:APTV) will announce $1.08 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for Aptiv’s earnings. The lowest EPS estimate is $0.98 and the highest is $1.45. Aptiv posted earnings of $1.34 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 19.4%. The firm is expected to report its next earnings results on Thursday, January 30th.

On average, analysts expect that Aptiv will report full-year earnings of $4.73 per share for the current year, with EPS estimates ranging from $4.63 to $5.11. For the next fiscal year, analysts expect that the business will report earnings of $5.53 per share, with EPS estimates ranging from $5.10 to $6.23. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Aptiv.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $1.27 EPS for the quarter, meeting the consensus estimate of $1.27. The business had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Aptiv had a return on equity of 34.88% and a net margin of 6.99%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.24 EPS.

Several research firms recently weighed in on APTV. Citigroup raised their price objective on Aptiv from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Morgan Stanley dropped their price objective on Aptiv from $63.00 to $62.00 and set an “underweight” rating for the company in a research note on Wednesday, September 25th. Credit Suisse Group reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Aptiv in a research note on Monday, November 4th. UBS Group raised their price objective on Aptiv from $87.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. raised their price objective on Aptiv from $93.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $92.65.

In other news, CAO Allan J. Brazier sold 4,752 shares of Aptiv stock in a transaction on Monday, September 9th. The stock was sold at an average price of $90.00, for a total value 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 value of $250,768.00. Company insiders own 0.40% of the company’s stock.

Large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in Aptiv by 6.6% in the second 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 acquiring an additional 2,805,856 shares during the last quarter. Generation Investment Management LLP boosted its holdings in Aptiv by 34.0% in the second quarter. Generation Investment Management LLP now owns 5,659,743 shares of the auto parts company’s stock valued at $457,477,000 after acquiring an additional 1,437,306 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Aptiv by 0.9% in the second quarter. Janus Henderson Group PLC now owns 4,511,620 shares of the auto parts company’s stock valued at $365,003,000 after acquiring an additional 41,542 shares during the last quarter. Invesco Ltd. boosted its holdings in Aptiv by 11.5% in the second quarter. Invesco Ltd. now owns 3,821,137 shares of the auto parts company’s stock valued at $308,864,000 after acquiring an additional 395,530 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Aptiv by 1.0% in the second quarter. Northern Trust Corp now owns 3,025,128 shares of the auto parts company’s stock valued at $244,521,000 after acquiring an additional 30,177 shares during the last quarter. 95.55% of the stock is owned by institutional investors and hedge funds.

Shares of APTV traded down $0.62 during mid-day trading on Friday, hitting $91.70. The company’s stock had a trading volume of 54,367 shares, compared to its average volume of 1,341,519. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 1.13. The firm has a 50-day simple moving average of $89.44 and a 200 day simple moving average of $82.23. The firm has a market capitalization of $23.57 billion, a P/E ratio of 17.35, a P/E/G ratio of 1.78 and a beta of 2.03. Aptiv has a 1-year low of $58.80 and a 1-year high of $97.64.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.96%. The ex-dividend date is Tuesday, November 5th. Aptiv’s payout ratio is 16.73%.

About Aptiv

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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