$1.14 EPS Expected for Aptiv PLC (APTV) This Quarter

Wall Street analysts expect Aptiv PLC (NYSE:APTV) to post earnings of $1.14 per share for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Aptiv’s earnings. The lowest EPS estimate is $1.12 and the highest is $1.17. Aptiv posted earnings of $1.40 per share during the same quarter last year, which suggests a negative year over year growth rate of 18.6%. The firm is scheduled to announce its next earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that Aptiv will report full-year earnings of $5.00 per share for the current fiscal year, with EPS estimates ranging from $4.90 to $5.14. For the next fiscal year, analysts expect that the company will post earnings of $5.85 per share, with EPS estimates ranging from $5.35 to $6.48. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Aptiv.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. Aptiv had a net margin of 6.95% and a return on equity of 35.66%. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same period in the previous year, the business earned $1.29 earnings per share. The company’s revenue was down 1.5% on a year-over-year basis.

A number of brokerages recently weighed in on APTV. Zacks Investment Research cut shares of Aptiv from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. Morgan Stanley reduced their price objective on shares of Aptiv from $69.00 to $67.00 and set an “underweight” rating for the company in a research note on Thursday. Jefferies Financial Group raised their price objective on shares of Aptiv from $100.00 to $107.00 and gave the company a “buy” rating in a research note on Friday, April 12th. TheStreet upgraded shares of Aptiv from a “c+” rating to a “b-” rating in a research note on Tuesday, February 5th. Finally, Cowen reiterated a “buy” rating on shares of Aptiv in a research note on Monday, February 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $92.80.

Shares of NYSE APTV traded up $0.33 during midday trading on Friday, reaching $74.04. 43,437 shares of the company traded hands, compared to its average volume of 1,500,088. Aptiv has a 52 week low of $58.80 and a 52 week high of $103.23. The company has a quick ratio of 0.87, a current ratio of 1.20 and a debt-to-equity ratio of 1.20. The stock has a market cap of $19.35 billion, a P/E ratio of 14.08, a P/E/G ratio of 1.35 and a beta of 1.79.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.88 annualized dividend and a yield of 1.19%. Aptiv’s dividend payout ratio (DPR) is currently 16.73%.

In other Aptiv news, SVP David M. Sherbin sold 19,689 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $86.79, for a total transaction of $1,708,808.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.40% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. PRW Wealth Management LLC acquired a new position in Aptiv during the fourth quarter valued at approximately $28,000. Oregon Public Employees Retirement Fund increased its position in shares of Aptiv by 3,023.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,974,550 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 1,911,334 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of Aptiv during the fourth quarter valued at approximately $34,000. Resources Investment Advisors Inc. purchased a new stake in shares of Aptiv during the fourth quarter valued at approximately $34,000. Finally, Enlightenment Research LLC purchased a new stake in shares of Aptiv during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 95.74% of the company’s stock.

Aptiv Company Profile

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 segment, Signal and Power Solutions, and Advanced Safety and User Experience.

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Earnings History and Estimates for Aptiv (NYSE:APTV)

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