Aptiv (NYSE:APTV) Issues FY24 Earnings Guidance

Aptiv (NYSE:APTV) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $6.00-6.30 for the period, compared to the consensus EPS estimate of $6.23. The company issued revenue guidance of $19.6-19.9 billion, compared to the consensus revenue estimate of $20.14 billion. Aptiv also updated its FY 2024 guidance to 6.000-6.300 EPS.

Wall Street Analyst Weigh In

APTV has been the topic of several research reports. Morgan Stanley lowered their price objective on shares of Aptiv from $70.00 to $68.00 and set an “underweight” rating on the stock in a report on Wednesday, September 25th. Wells Fargo & Company raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $78.00 to $87.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. boosted their price objective on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Robert W. Baird dropped their target price on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Nomura Securities upgraded Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and an average price target of $88.18.

Aptiv Stock Performance

NYSE APTV opened at $56.37 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.09 and a current ratio of 1.50. The company has a market capitalization of $14.98 billion, a PE ratio of 6.29, a price-to-earnings-growth ratio of 0.52 and a beta of 1.81. Aptiv has a 52-week low of $54.70 and a 52-week high of $91.66. The company has a 50-day simple moving average of $69.58 and a 200 day simple moving average of $72.41.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the previous year, the firm posted $1.30 EPS. Aptiv’s revenue was down 5.1% on a year-over-year basis. On average, research analysts predict that Aptiv will post 6.23 EPS 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.