Aptiv PLC (NYSE:APTV) Expected to Announce Quarterly Sales of $3.99 Billion

Analysts forecast that Aptiv PLC (NYSE:APTV) will announce $3.99 billion in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Aptiv’s earnings, with estimates ranging from $3.94 billion to $4.05 billion. Aptiv reported sales of $3.67 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.7%. The company is scheduled to report its next earnings report on Thursday, November 4th.

On average, analysts expect that Aptiv will report full year sales of $16.29 billion for the current financial year, with estimates ranging from $16.22 billion to $16.39 billion. For the next year, analysts expect that the business will post sales of $18.33 billion, with estimates ranging from $17.80 billion to $19.06 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Aptiv.

Aptiv (NYSE:APTV) last announced its earnings results on Wednesday, August 4th. The auto parts company reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.07). Aptiv had a net margin of 6.72% and a return on equity of 13.68%. The business had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter last year, the firm earned ($1.10) EPS. The firm’s quarterly revenue was up 94.2% on a year-over-year basis.

Several brokerages have issued reports on APTV. Oppenheimer boosted their target price on Aptiv from $171.00 to $179.00 and gave the company an “outperform” rating in a research report on Friday, August 6th. Guggenheim upgraded Aptiv from a “neutral” rating to a “buy” rating and set a $184.00 target price for the company in a research report on Thursday, June 24th. Jefferies Financial Group boosted their target price on Aptiv from $170.00 to $182.00 and gave the company a “buy” rating in a research report on Friday, July 9th. Deutsche Bank Aktiengesellschaft boosted their target price on Aptiv from $169.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, August 6th. Finally, Barclays boosted their price target on Aptiv from $164.00 to $174.00 and gave the company an “overweight” rating in a report on Friday, August 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $157.88.

In other news, CEO Kevin P. Clark sold 5,830 shares of the company’s stock in a transaction on Tuesday, July 13th. The stock was sold at an average price of $157.41, for a total transaction of $917,700.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

Hedge funds have recently modified their holdings of the company. SeaBridge Investment Advisors LLC increased its position in shares of Aptiv by 1.7% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 4,299 shares of the auto parts company’s stock valued at $676,000 after acquiring an additional 71 shares during the period. Blair William & Co. IL increased its position in shares of Aptiv by 1.9% in the 2nd quarter. Blair William & Co. IL now owns 3,922 shares of the auto parts company’s stock valued at $617,000 after acquiring an additional 72 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Aptiv by 33.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 301 shares of the auto parts company’s stock valued at $47,000 after acquiring an additional 75 shares during the period. Ausdal Financial Partners Inc. increased its position in shares of Aptiv by 3.3% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 2,403 shares of the auto parts company’s stock valued at $378,000 after acquiring an additional 76 shares during the period. Finally, Mark Stevens increased its position in shares of Aptiv by 2.0% in the 1st quarter. Mark Stevens now owns 4,133 shares of the auto parts company’s stock valued at $570,000 after acquiring an additional 81 shares during the period. 89.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:APTV traded down $2.75 during trading hours on Friday, hitting $146.43. 1,994,908 shares of the company’s stock traded hands, compared to its average volume of 1,528,543. Aptiv has a 1 year low of $82.12 and a 1 year high of $170.47. The business has a fifty day moving average price of $156.90 and a 200-day moving average price of $150.48. The firm has a market capitalization of $39.61 billion, a P/E ratio of 40.01, a price-to-earnings-growth ratio of 3.60 and a beta of 2.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.60.

About Aptiv

Aptiv Plc engages in the design, development, and manufacture of vehicle components. The firm also provides electrical, electronic, and safety technology solutions to the global automotive and commercial vehicle markets. It operates through the following business segments: Signal and Power Solutions, Advanced Safety and User Experience, and Eliminations and Other.

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Earnings History and Estimates for Aptiv (NYSE:APTV)

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