Aptiv (NYSE:APTV) Issues FY 2024 Earnings Guidance

Aptiv (NYSE:APTV) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 6.000-6.300 for the period, compared to the consensus EPS estimate of 6.140. The company issued revenue guidance of $19.6 billion-$19.9 billion, compared to the consensus revenue estimate of $19.7 billion.

Analysts Set New Price Targets

APTV has been the subject of several recent analyst reports. Morgan Stanley lowered their target price on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Robert W. Baird dropped their target price on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. StockNews.com began coverage on Aptiv in a report on Wednesday. They issued a “hold” rating on the stock. TD Cowen reduced their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Guggenheim reiterated a “buy” rating and set a $73.00 price target on shares of Aptiv in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.29.

Aptiv Price Performance

APTV stock opened at $61.77 on Wednesday. Aptiv has a one year low of $51.47 and a one year high of $88.89. The firm has a 50-day moving average of $57.95 and a two-hundred day moving average of $64.92. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $14.52 billion, a PE ratio of 6.89, a P/E/G ratio of 0.54 and a beta of 1.75.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.30 EPS. On average, analysts forecast that Aptiv will post 6.15 earnings per share for the current year.

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.