Aptiv (NYSE:APTV) Updates FY 2024 Earnings Guidance

Aptiv (NYSE:APTV - Get Free Report) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 5.800-6.300 for the period, compared to the consensus earnings per share estimate of 5.750. The company issued revenue guidance of $20.9 billion-$21.5 billion, compared to the consensus revenue estimate of $21.6 billion.

Analyst Ratings Changes

Several brokerages have recently weighed in on APTV. UBS Group upped their price target on shares of Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Royal Bank of Canada cut their price target on Aptiv from $115.00 to $104.00 and set an outperform rating on the stock in a report on Thursday, February 1st. Morgan Stanley cut Aptiv from an equal weight rating to an underweight rating and decreased their price objective for the stock from $90.00 to $74.00 in a research note on Wednesday, February 7th. Piper Sandler cut their target price on Aptiv from $80.00 to $79.00 and set a neutral rating on the stock in a research note on Thursday, February 1st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Aptiv from $110.00 to $109.00 and set an overweight rating for the company in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $109.29.

Aptiv Stock Performance

APTV stock traded up $3.03 during midday trading 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 firm has a fifty day simple moving average of $76.05 and a two-hundred day simple moving average of $80.83. Aptiv has a 52-week low of $68.84 and a 52-week high of $113.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72. 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 (NYSE:APTV - Get Free Report) last issued its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.11. The firm had revenue of $4.90 billion during the quarter, compared to analysts' expectations of $4.99 billion. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The firm's revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 earnings per share. As a group, equities research analysts anticipate that Aptiv will post 5.7 EPS for the current year.

Insider Buying and Selling at Aptiv

In other news, SVP Benjamin Lyon sold 18,680 shares of the firm'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 sale, the senior vice president now owns 95,211 shares of the company's stock, valued at approximately $7,396,942.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by corporate 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.