Aptiv (NYSE:APTV) Releases FY 2024 Earnings Guidance

Aptiv (NYSE:APTV) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 6.000-6.300 for the period, compared to the consensus EPS estimate of 6.140. The company issued revenue guidance of $19.6 billion-$19.9 billion, compared to the consensus revenue estimate of $19.7 billion. Aptiv also updated its FY24 guidance to $6.00-6.30 EPS.

Analysts Set New Price Targets

Several analysts have commented on the stock. Piper Sandler raised shares of Aptiv from an “underweight” rating to a “neutral” rating and increased their price target for the company from $53.00 to $65.00 in a research report on Thursday. Bank of America decreased their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Oppenheimer cut their price target on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Fox Advisors lowered Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Finally, Guggenheim restated a “buy” rating and set a $73.00 target price on shares of Aptiv in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $85.06.

Aptiv Stock Up 2.0 %

NYSE:APTV opened at $64.02 on Friday. The firm has a market capitalization of $15.05 billion, a P/E ratio of 7.14, a PEG ratio of 0.55 and a beta of 1.75. The company’s fifty day moving average price is $58.19 and its 200-day moving average price is $64.84. Aptiv has a 1-year low of $51.47 and a 1-year high of $88.89. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06.

Aptiv (NYSE:APTV) last released its quarterly earnings data 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. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the business posted $1.30 EPS. The company’s revenue was down 5.1% on a year-over-year basis. As a group, equities research analysts anticipate that Aptiv will post 6.15 EPS for the current year.

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.