Aptiv (NYSE:APTV) Issues Quarterly Earnings Results, Beats Estimates By $0.11 EPS

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

Aptiv Price Performance

Shares of APTV stock traded up $3.03 during trading hours on Friday, reaching $80.82. The stock had a trading volume of 4,735,818 shares, compared to its average volume of 2,738,388. The stock’s fifty day simple moving average is $76.05 and its 200 day simple moving average is $80.83. The firm has a market capitalization of $22.04 billion, a PE ratio of 7.80, a PEG ratio of 0.88 and a beta of 1.90. Aptiv has a 12 month low of $68.84 and a 12 month high of $113.60. 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

APTV has been the subject of several recent analyst reports. Barclays reduced their target price on Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. Oppenheimer reduced their price objective on Aptiv from $148.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday. Robert W. Baird lifted their target price on Aptiv from $86.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday. Wells Fargo & Company reduced their price target on shares of Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Aptiv from $110.00 to $109.00 and set an “overweight” rating on the stock in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Aptiv has an average rating of “Moderate Buy” and an average price target of $109.29.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 18,680 shares of Aptiv 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 owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is currently owned by insiders.

Aptiv Company Profile

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.