Aptiv (NYSE:APTV – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $6.00-6.30 for the period, compared to the consensus estimate of $6.16. The company issued revenue guidance of $19.6-19.9 billion, compared to the consensus revenue estimate of $19.69 billion. Aptiv also updated its FY 2024 guidance to 6.000-6.300 EPS.
Analyst Ratings Changes
Several equities analysts have recently weighed in on APTV shares. JPMorgan Chase & Co. lifted their target price on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Barclays cut their price objective on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Wells Fargo & Company decreased their target price on shares of Aptiv from $74.00 to $70.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Finally, Fox Advisors downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.29.
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Aptiv Trading Up 1.0 %
Aptiv (NYSE:APTV – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. Aptiv’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.30 earnings per share. On average, sell-side analysts predict that Aptiv will post 6.15 EPS for the current fiscal 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.
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