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

Aptiv (NYSE:APTV) released its earnings results on Thursday. The auto parts company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.11, Briefing.com reports. The firm had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS. Aptiv updated its FY24 guidance to $5.80-6.30 EPS.

Aptiv Price Performance

Shares of APTV stock opened at $80.82 on Friday. The company has a market cap of $22.04 billion, a P/E ratio of 7.62, a PEG ratio of 0.97 and a beta of 1.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 1.22. The stock’s 50-day moving average is $76.13 and its 200 day moving average is $80.72. Aptiv has a 1-year low of $68.84 and a 1-year high of $113.60.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of Aptiv stock in a transaction on Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

APTV has been the topic of a number of analyst reports. Guggenheim cut their price objective on shares of Aptiv from $103.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Royal Bank of Canada cut their price target on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Piper Sandler decreased their price objective on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. Oppenheimer cut their target price on Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Robert W. Baird raised their price target on Aptiv from $86.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and an average target price of $109.29.

About Aptiv

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.