Aptiv (NYSE:APTV) Issues FY 2024 Earnings Guidance

Aptiv (NYSE:APTV) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 6.000-6.300 for the period, compared to the consensus earnings per share 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.

Aptiv Price Performance

Shares of Aptiv stock opened at $64.02 on Friday. The firm has a market cap of $15.05 billion, a PE ratio of 7.14, a P/E/G ratio of 0.55 and a beta of 1.75. Aptiv has a twelve month low of $51.47 and a twelve month high of $88.89. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The business has a 50-day moving average price of $58.19 and a 200 day moving average price of $64.84.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS 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 analysts’ expectations of $5.10 billion. During the same period in the previous year, the business earned $1.30 earnings per share. The business’s revenue was down 5.1% compared to the same quarter last year. Sell-side analysts predict that Aptiv will post 6.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on APTV shares. Piper Sandler upgraded shares of Aptiv from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $53.00 to $65.00 in a research report on Thursday. Barclays lowered their price objective on Aptiv from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Wednesday. Oppenheimer decreased their target price on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Fox Advisors cut Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Finally, Bank of America decreased their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.06.

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.