Aptiv PLC (APTV) Expected to Post Quarterly Sales of $3.46 Billion

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Wall Street brokerages predict that Aptiv PLC (NYSE:APTV) will post sales of $3.46 billion for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Aptiv’s earnings, with estimates ranging from $3.43 billion to $3.53 billion. Aptiv reported sales of $4.33 billion during the same quarter last year, which suggests a negative year over year growth rate of 20.1%. The company is expected to issue its next earnings report before the market opens on Wednesday, October 31st.

On average, analysts expect that Aptiv will report full-year sales of $14.46 billion for the current financial year, with estimates ranging from $14.36 billion to $14.53 billion. For the next financial year, analysts forecast that the firm will post sales of $15.36 billion, with estimates ranging from $15.11 billion to $15.64 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Aptiv.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Tuesday, July 31st. The auto parts company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.54 billion. Aptiv had a net margin of 8.28% and a return on equity of 41.16%. The company’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.13 earnings per share.

APTV has been the subject of a number of recent analyst reports. Buckingham Research lowered their target price on shares of Aptiv from $110.00 to $98.00 and set a “buy” rating for the company in a report on Wednesday, October 3rd. Macquarie initiated coverage on shares of Aptiv in a report on Monday. They issued an “outperform” rating for the company. BMO Capital Markets set a $113.00 target price on shares of Aptiv and gave the company a “buy” rating in a report on Wednesday, August 1st. Morgan Stanley boosted their target price on shares of Aptiv from $79.00 to $81.00 and gave the company an “underweight” rating in a report on Monday, August 13th. Finally, Longbow Research set a $110.00 target price on shares of Aptiv and gave the company a “buy” rating in a report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Aptiv has an average rating of “Buy” and a consensus target price of $99.95.

Aptiv stock traded down $0.93 during trading on Friday, reaching $75.63. The company had a trading volume of 4,907,700 shares, compared to its average volume of 1,692,733. Aptiv has a 12-month low of $74.82 and a 12-month high of $103.23. The company has a market cap of $22.21 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.17 and a beta of 1.57. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.19 and a current ratio of 1.55.

In related news, SVP Susan M. Suver sold 1,174 shares of the company’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $95.00, for a total value of $111,530.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frank J. Dellaquila purchased 750 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The stock was bought at an average cost of $89.00 per share, for a total transaction of $66,750.00. The disclosure for this purchase can be found here. Corporate insiders own 0.32% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Mercantile Trust Co. acquired a new stake in shares of Aptiv during the second quarter worth $159,000. Cranbrook Wealth Management LLC acquired a new stake in shares of Aptiv during the second quarter worth $162,000. RNC Capital Management LLC acquired a new stake in shares of Aptiv during the second quarter worth $202,000. CWM Advisors LLC acquired a new stake in shares of Aptiv during the second quarter worth $223,000. Finally, Jane Street Group LLC raised its holdings in shares of Aptiv by 106.0% during the first quarter. Jane Street Group LLC now owns 2,760 shares of the auto parts company’s stock worth $235,000 after purchasing an additional 48,810 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

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 segments, Signal and Power Solutions; and Advanced Safety and User Experience.

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