Zacks: Brokerages Anticipate Aptiv PLC (APTV) Will Post Quarterly Sales of $3.38 Billion

Wall Street brokerages expect Aptiv PLC (NYSE:APTV) to post sales of $3.38 billion for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Aptiv’s earnings, with the lowest sales estimate coming in at $3.28 billion and the highest estimate coming in at $3.49 billion. Aptiv reported sales of $4.29 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 21.2%. The company is expected to announce its next quarterly earnings report before the market opens on Wednesday, May 2nd.

On average, analysts expect that Aptiv will report full-year sales of $13.87 billion for the current financial year, with estimates ranging from $13.58 billion to $14.24 billion. For the next financial year, analysts anticipate that the company will post sales of $14.78 billion per share, with estimates ranging from $14.46 billion to $15.23 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Aptiv.

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

Several research analysts have recently issued reports on APTV shares. Robert W. Baird raised their price objective on Aptiv from $106.00 to $107.00 and gave the stock an “outperform” rating in a research note on Tuesday. BMO Capital Markets reduced their price objective on Aptiv to $96.00 and set an “outperform” rating for the company in a research note on Tuesday, January 2nd. They noted that the move was a valuation call. Berenberg Bank upgraded Aptiv from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. Zacks Investment Research upgraded Aptiv from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Wednesday, April 4th. Finally, Guggenheim restated a “buy” rating and issued a $104.00 price objective on shares of Aptiv in a research note on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $98.95.

NYSE APTV traded up $0.29 during trading on Monday, hitting $86.31. The company’s stock had a trading volume of 1,055,841 shares, compared to its average volume of 1,405,635. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.29 and a current ratio of 1.59. The company has a market cap of $22,867.54, a PE ratio of 18.60, a P/E/G ratio of 1.24 and a beta of 1.49. Aptiv has a fifty-two week low of $64.37 and a fifty-two week high of $96.91.

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

Several institutional investors have recently bought and sold shares of the company. Cerebellum GP LLC purchased a new stake in shares of Aptiv in the fourth quarter valued at approximately $127,000. Huntington National Bank acquired a new stake in shares of Aptiv in the fourth quarter worth approximately $138,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Aptiv in the fourth quarter worth approximately $144,000. BB&T Investment Services Inc. acquired a new stake in shares of Aptiv in the fourth quarter worth approximately $145,000. Finally, IFP Advisors Inc acquired a new stake in shares of Aptiv in the fourth quarter worth approximately $162,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

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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 segments, Signal and Power Solutions; and Advanced Safety and User Experience.

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