Aptiv PLC (NYSE:APTV) Expected to Post Earnings of $1.30 Per Share

Equities analysts predict that Aptiv PLC (NYSE:APTV) will post $1.30 earnings per share for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Aptiv’s earnings, with the highest EPS estimate coming in at $1.33 and the lowest estimate coming in at $1.28. Aptiv posted earnings per share of $1.24 in the same quarter last year, which suggests a positive year over year growth rate of 4.8%. 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 earnings of $5.11 per share for the current fiscal year, with EPS estimates ranging from $5.08 to $5.18. For the next year, analysts expect that the company will post earnings of $5.77 per share, with EPS estimates ranging from $5.27 to $6.23. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Aptiv.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.20. Aptiv had a net margin of 6.86% and a return on equity of 34.92%. 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 previous year, the company earned $1.40 EPS. The business’s revenue was down 1.5% on a year-over-year basis.

Several research firms have commented on APTV. JPMorgan Chase & Co. raised their target price on shares of Aptiv from $93.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Citigroup raised their target price on shares of Aptiv from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Robert W. Baird raised their target price on shares of Aptiv from $96.00 to $99.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Jefferies Financial Group reissued a “buy” rating and issued a $108.00 target price (up from $99.00) on shares of Aptiv in a report on Thursday, August 1st. Finally, Zacks Investment Research raised shares of Aptiv from a “sell” rating to a “hold” rating and set a $89.00 target price on the stock in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $92.16.

Institutional investors have recently made changes to their positions in the stock. Thor Advisors LLC acquired a new stake in Aptiv during the 1st quarter worth approximately $33,000. Botty Investors LLC acquired a new stake in Aptiv during the 1st quarter worth approximately $40,000. Essex Savings Bank boosted its position in Aptiv by 88.1% during the 1st quarter. Essex Savings Bank now owns 555 shares of the auto parts company’s stock worth $44,000 after buying an additional 260 shares during the period. Advisors Preferred LLC acquired a new stake in Aptiv during the 1st quarter worth approximately $50,000. Finally, Cornerstone Advisors Inc. boosted its position in Aptiv by 30.6% during the 2nd quarter. Cornerstone Advisors Inc. now owns 692 shares of the auto parts company’s stock worth $56,000 after buying an additional 162 shares during the period. 93.12% of the stock is currently owned by institutional investors.

APTV stock traded up $0.97 during mid-day trading on Friday, hitting $83.16. The stock had a trading volume of 28,323 shares, compared to its average volume of 1,453,565. The company has a current ratio of 1.22, a quick ratio of 0.89 and a debt-to-equity ratio of 1.16. Aptiv has a 52 week low of $58.80 and a 52 week high of $95.00. The firm has a market capitalization of $21.28 billion, a P/E ratio of 15.82, a P/E/G ratio of 1.44 and a beta of 2.06. The firm has a fifty day simple moving average of $81.19 and a 200 day simple moving average of $80.01.

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

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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