$3.63 Billion in Sales Expected for Aptiv PLC (NYSE:APTV) This Quarter

Wall Street analysts expect Aptiv PLC (NYSE:APTV) to post sales of $3.63 billion for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Aptiv’s earnings. The lowest sales estimate is $3.62 billion and the highest is $3.66 billion. Aptiv reported sales of $3.49 billion in the same quarter last year, which would suggest a positive year over year growth rate of 4%. The company is scheduled to issue its next quarterly earnings report on Wednesday, October 30th.

On average, analysts expect that Aptiv will report full year sales of $14.62 billion for the current year, with estimates ranging from $14.49 billion to $14.70 billion. For the next financial year, analysts anticipate that the business will report sales of $15.59 billion, with estimates ranging from $15.18 billion to $16.04 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Aptiv.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.20. Aptiv had a return on equity of 34.92% and a net margin of 6.86%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the prior year, the business earned $1.40 earnings per share. The company’s quarterly revenue was down 1.5% compared to the same quarter last year.

Several research firms have recently commented on APTV. Credit Suisse Group upped their price target on Aptiv from $90.00 to $96.00 and gave the stock an “outperform” rating in a research note on Thursday. Citigroup upped their price target on Aptiv from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday. Bank of America increased their price objective on Aptiv from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird increased their price objective on Aptiv from $96.00 to $99.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Zacks Investment Research upgraded Aptiv from a “sell” rating to a “hold” rating and set a $89.00 price objective for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Aptiv currently has an average rating of “Buy” and an average price target of $92.16.

Shares of Aptiv stock traded down $0.38 during trading hours on Friday, hitting $83.25. 1,307,190 shares of the company were exchanged, compared to its average volume of 1,283,464. Aptiv has a 1 year low of $58.80 and a 1 year high of $98.77. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 1.16. The firm has a 50-day simple moving average of $79.66. The firm has a market capitalization of $22.60 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 1.54 and a beta of 2.06.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.06%. The ex-dividend date is Tuesday, August 6th. Aptiv’s dividend payout ratio (DPR) is 16.73%.

A number of institutional investors have recently bought and sold shares of APTV. Thor Advisors LLC acquired a new stake in shares of Aptiv during the first quarter valued at $33,000. Botty Investors LLC acquired a new stake in shares of Aptiv during the first quarter valued at $40,000. Essex Savings Bank boosted its stake in shares of Aptiv by 88.1% during the first quarter. Essex Savings Bank now owns 555 shares of the auto parts company’s stock valued at $44,000 after acquiring an additional 260 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Aptiv during the first quarter valued at $50,000. Finally, Advisors Preferred LLC acquired a new stake in shares of Aptiv during the first quarter valued at $50,000. 94.53% of the stock is currently owned by institutional investors.

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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