Wall Street analysts forecast that Aptiv PLC (NYSE:APTV) will announce earnings of $0.92 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Aptiv’s earnings, with the lowest EPS estimate coming in at $0.88 and the highest estimate coming in at $0.99. Aptiv reported earnings of $1.05 per share in the same quarter last year, which would suggest a negative year over year growth rate of 12.4%. The business is expected to issue its next earnings results on Thursday, May 7th.
According to Zacks, analysts expect that Aptiv will report full-year earnings of $4.99 per share for the current year, with EPS estimates ranging from $4.90 to $5.27. For the next financial year, analysts anticipate that the firm will post earnings of $5.66 per share, with EPS estimates ranging from $5.37 to $5.96. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Aptiv.
Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, January 30th. The auto parts company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.13. Aptiv had a net margin of 6.90% and a return on equity of 32.61%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the previous year, the firm earned $1.34 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis.
Several equities analysts have weighed in on the stock. Benchmark assumed coverage on shares of Aptiv in a report on Thursday, January 9th. They set a “buy” rating and a $110.00 price target on the stock. Credit Suisse Group lowered their price target on shares of Aptiv from $98.00 to $96.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Robert W. Baird lifted their price target on shares of Aptiv from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Zacks Investment Research raised shares of Aptiv from a “sell” rating to a “hold” rating and set a $97.00 price target on the stock in a report on Thursday, January 23rd. Finally, Royal Bank of Canada lowered their price target on shares of Aptiv from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Aptiv presently has an average rating of “Buy” and a consensus price target of $98.05.
In other news, SVP David M. Sherbin sold 5,500 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $93.38, for a total value of $513,590.00. Also, SVP Vos Glen W. De sold 2,700 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $88.73, for a total transaction of $239,571.00. Following the completion of the transaction, the senior vice president now directly owns 47,462 shares in the company, valued at approximately $4,211,303.26. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Caxton Associates LP purchased a new stake in Aptiv during the fourth quarter valued at $34,062,000. Altavista Wealth Management Inc. raised its stake in Aptiv by 0.7% during the fourth quarter. Altavista Wealth Management Inc. now owns 19,183 shares of the auto parts company’s stock valued at $1,822,000 after purchasing an additional 132 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in Aptiv by 381.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 76,952 shares of the auto parts company’s stock valued at $7,308,000 after purchasing an additional 60,982 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new stake in Aptiv during the fourth quarter valued at $58,000. Finally, Scopus Asset Management L.P. bought a new position in Aptiv during the fourth quarter valued at $2,849,000. 93.56% of the stock is currently owned by institutional investors.
NYSE:APTV traded down $2.20 during trading hours on Friday, hitting $88.32. 1,005,025 shares of the stock traded hands, compared to its average volume of 1,496,045. The company has a quick ratio of 0.99, a current ratio of 1.31 and a debt-to-equity ratio of 1.07. Aptiv has a 1 year low of $63.36 and a 1 year high of $99.04. The company has a market cap of $23.17 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 1.58 and a beta of 2.04. The stock has a 50 day moving average price of $90.93 and a 200 day moving average price of $89.17.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Tuesday, February 4th. Aptiv’s dividend payout ratio (DPR) is presently 18.33%.
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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