Zacks: Analysts Expect Aptiv PLC (NYSE:APTV) to Announce $1.30 Earnings Per Share

Wall Street analysts forecast that Aptiv PLC (NYSE:APTV) will post earnings of $1.30 per share for the current quarter, Zacks reports. Nine analysts have provided estimates for Aptiv’s earnings. The highest EPS estimate is $1.33 and the lowest is $1.28. Aptiv reported earnings of $1.24 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 4.8%. The company is scheduled to issue its next earnings results on Wednesday, October 30th.

On average, analysts expect that Aptiv will report full-year earnings of $5.11 per share for the current fiscal year, with EPS estimates ranging from $5.08 to $5.18. For the next financial year, analysts forecast that the business will report earnings of $5.77 per share, with EPS estimates ranging from $5.27 to $6.23. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Aptiv.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.20. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.64 billion. Aptiv had a return on equity of 34.92% and a net margin of 6.86%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the company posted $1.40 EPS.



A number of brokerages have issued reports on APTV. KeyCorp increased their price target on Aptiv from $95.00 to $105.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. ValuEngine raised Aptiv from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Bank of America increased their price target on Aptiv from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Robert W. Baird increased their price target on Aptiv from $96.00 to $99.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. increased their price target on Aptiv from $93.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $92.16.

NYSE APTV traded up $2.66 on Friday, reaching $81.85. 732,888 shares of the stock traded hands, compared to its average volume of 1,646,571. The firm’s fifty day simple moving average is $81.09 and its 200 day simple moving average is $79.96. The company has a quick ratio of 0.89, a current ratio of 1.22 and a debt-to-equity ratio of 1.16. The company has a market cap of $20.61 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 1.47 and a beta of 2.06. Aptiv has a 12 month low of $58.80 and a 12 month high of $95.00.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Tuesday, August 6th. Aptiv’s dividend payout ratio is presently 16.73%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Aptiv by 6.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 45,290,324 shares of the auto parts company’s stock worth $3,660,817,000 after buying an additional 2,805,856 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Aptiv by 41,426.6% in the second quarter. Nuveen Asset Management LLC now owns 2,584,199 shares of the auto parts company’s stock worth $208,881,000 after buying an additional 2,577,976 shares during the period. Generation Investment Management LLP boosted its position in shares of Aptiv by 34.0% in the second quarter. Generation Investment Management LLP now owns 5,659,743 shares of the auto parts company’s stock worth $457,477,000 after buying an additional 1,437,306 shares during the period. Amundi Pioneer Asset Management Inc. boosted its position in shares of Aptiv by 74.6% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 2,043,930 shares of the auto parts company’s stock worth $172,110,000 after buying an additional 872,968 shares during the period. Finally, Holocene Advisors LP acquired a new stake in shares of Aptiv in the second quarter worth $66,438,000. 94.70% of the stock is owned by institutional investors and hedge funds.

About Aptiv

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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