$3.46 Billion in Sales Expected for Aptiv PLC (APTV) This Quarter
Brokerages expect Aptiv PLC (NYSE:APTV) to announce sales of $3.46 billion for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Aptiv’s earnings, with the highest sales estimate coming in at $3.53 billion and the lowest estimate coming in at $3.43 billion. Aptiv posted sales of $4.33 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 20.1%. The company is scheduled to report its next earnings results on Thursday, November 1st.
According to Zacks, analysts expect that Aptiv will report full year sales of $14.46 billion for the current fiscal year, with estimates ranging from $14.36 billion to $14.53 billion. For the next financial year, analysts forecast that the business will post sales of $15.36 billion per share, with estimates ranging from $15.11 billion to $15.64 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Aptiv.
Aptiv (NYSE:APTV) last released its quarterly earnings results on Tuesday, July 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.03. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.54 billion. Aptiv had a return on equity of 41.16% and a net margin of 8.28%. The business’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 EPS.
Shares of NYSE:APTV traded up $0.50 during midday trading on Tuesday, hitting $90.27. 5,274,903 shares of the stock were exchanged, compared to its average volume of 1,940,295. The company has a market capitalization of $23.90 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.26 and a beta of 1.57. Aptiv has a twelve month low of $79.46 and a twelve month high of $103.23. The company has a quick ratio of 1.19, a current ratio of 1.55 and a debt-to-equity ratio of 1.08.
In other Aptiv news, CFO Joseph R. Massaro sold 2,800 shares of Aptiv stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $86.24, for a total value of $241,472.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Susan M. Suver sold 1,174 shares of Aptiv stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $95.00, for a total value of $111,530.00. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Artisan Partners Limited Partnership lifted its stake in shares of Aptiv by 1.4% in the 2nd quarter. Artisan Partners Limited Partnership now owns 7,955,631 shares of the auto parts company’s stock valued at $728,974,000 after purchasing an additional 107,484 shares in the last quarter. Senator Investment Group LP lifted its stake in shares of Aptiv by 25.0% in the 2nd quarter. Senator Investment Group LP now owns 4,000,000 shares of the auto parts company’s stock valued at $366,520,000 after purchasing an additional 800,000 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Aptiv by 10.3% in the 2nd quarter. Wells Fargo & Company MN now owns 3,867,948 shares of the auto parts company’s stock valued at $354,420,000 after purchasing an additional 362,531 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Aptiv by 149.4% in the 1st quarter. Millennium Management LLC now owns 1,140,725 shares of the auto parts company’s stock valued at $96,927,000 after purchasing an additional 683,337 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of Aptiv by 67.2% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,069,058 shares of the auto parts company’s stock valued at $97,958,000 after purchasing an additional 429,730 shares in the last quarter. Institutional investors own 91.01% of the company’s stock.
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 segments, Signal and Power Solutions; and Advanced Safety and User Experience.
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