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

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

Aptiv Trading Up 3.9 %

Shares of APTV stock traded up $3.03 on Friday, reaching $80.82. 4,735,818 shares of the stock were exchanged, compared to its average volume of 2,738,388. The stock has a 50 day moving average price of $76.05 and a 200 day moving average price of $80.83. The stock has a market cap of $22.04 billion, a PE ratio of 7.80, a P/E/G ratio of 0.88 and a beta of 1.90. Aptiv has a one year low of $68.84 and a one year high of $113.60. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 18,680 shares of the business's stock in a transaction that occurred on Monday, March 11th. The shares were 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 directly owns 95,211 shares of the company's stock, valued at $7,396,942.59. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on APTV. JPMorgan Chase & Co. decreased their target price 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. Guggenheim decreased their price target on Aptiv from $103.00 to $92.00 and set a "buy" rating on the stock in a research note on Wednesday, April 17th. Citigroup dropped their price objective on Aptiv from $150.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, February 1st. UBS Group boosted their target price on shares of Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Finally, Oppenheimer dropped their target price on shares of Aptiv from $148.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $109.29.

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.

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