Brokerages Anticipate Aptiv PLC (APTV) Will Announce Earnings of $1.20 Per Share

Brokerages expect that Aptiv PLC (NYSE:APTV) will report earnings per share (EPS) of $1.20 for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Aptiv’s earnings. The lowest EPS estimate is $1.17 and the highest is $1.25. Aptiv posted earnings per share of $1.59 during the same quarter last year, which would indicate a negative year-over-year growth rate of 24.5%. The firm is expected to announce its next earnings results before the market opens on Wednesday, May 2nd.

On average, analysts expect that Aptiv will report full-year earnings of $5.16 per share for the current financial year, with EPS estimates ranging from $5.00 to $5.31. For the next fiscal year, analysts expect that the business will post earnings of $5.67 per share, with EPS estimates ranging from $5.35 to $6.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that cover Aptiv.

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Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, February 1st. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.05). Aptiv had a return on equity of 50.01% and a net margin of 8.27%. The business had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period last year, the company earned $1.83 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year.

A number of equities research analysts have weighed in on APTV shares. Morgan Stanley upped their target price on Aptiv from $64.00 to $75.00 and gave the stock an “underweight” rating in a research report on Thursday, March 22nd. BMO Capital Markets restated a “buy” rating and issued a $106.00 target price on shares of Aptiv in a research report on Tuesday, March 6th. Citigroup upped their target price on Aptiv from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Barclays restated a “buy” rating and issued a $106.00 target price on shares of Aptiv in a research report on Tuesday, January 9th. Finally, Robert W. Baird restated a “buy” rating and issued a $104.00 target price on shares of Aptiv in a research report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $98.95.

APTV stock traded up $0.29 on Friday, reaching $86.31. The company’s stock had a trading volume of 1,055,841 shares, compared to its average volume of 1,405,635. Aptiv has a 52 week low of $64.37 and a 52 week high of $96.91. The firm has a market capitalization of $22,867.54, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 1.24 and a beta of 1.49. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.59 and a quick ratio of 1.29.

In related news, Director Frank J. Dellaquila acquired 500 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $86.50 per share, for a total transaction of $43,250.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP David Paja sold 6,287 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $92.08, for a total value of $578,906.96. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in shares of Aptiv in the fourth quarter valued at $5,295,000. BB&T Securities LLC purchased a new stake in shares of Aptiv in the fourth quarter valued at $7,384,000. American National Bank purchased a new stake in shares of Aptiv in the fourth quarter valued at $3,632,000. William Blair Investment Management LLC purchased a new stake in shares of Aptiv in the fourth quarter valued at $31,188,000. Finally, Augustine Asset Management Inc. purchased a new stake in shares of Aptiv in the fourth quarter valued at $5,854,000. Institutional investors own 92.50% of the company’s stock.

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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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