Aptiv (NYSE:APTV) Releases FY24 Earnings Guidance

Aptiv (NYSE:APTV) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $6.00-6.30 for the period, compared to the consensus earnings per share 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.

Aptiv Stock Performance

Shares of Aptiv stock traded down $0.46 during trading hours on Friday, hitting $56.37. 6,184,402 shares of the company’s stock traded hands, compared to its average volume of 3,042,018. The stock has a market capitalization of $14.98 billion, a price-to-earnings ratio of 4.26, a PEG ratio of 0.63 and a beta of 1.79. Aptiv has a 12-month low of $54.70 and a 12-month high of $91.66. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09. The company has a fifty 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 data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.30 earnings per share. Equities research analysts anticipate that Aptiv will post 6.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Robert W. Baird decreased their target price on Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday. Bank of America decreased their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a report on Monday, October 14th. StockNews.com assumed coverage on shares of Aptiv in a report on Saturday, October 26th. They set a “hold” rating on the stock. Wolfe Research started coverage on shares of Aptiv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $89.00 target price for the company. Finally, Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $78.00 to $87.00 in a research note on Friday, September 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and an average target price of $88.18.

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.