Q2 2019 EPS Estimates for Aptiv PLC Cut by Jefferies Financial Group (NYSE:APTV)

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Aptiv PLC (NYSE:APTV) – Analysts at Jefferies Financial Group cut their Q2 2019 earnings estimates for Aptiv in a research report issued to clients and investors on Thursday, July 18th. Jefferies Financial Group analyst D. Kelley now expects that the auto parts company will earn $1.11 per share for the quarter, down from their previous estimate of $1.13. Jefferies Financial Group has a “Buy” rating and a $107.00 price objective on the stock. Jefferies Financial Group also issued estimates for Aptiv’s Q3 2019 earnings at $1.28 EPS, Q4 2019 earnings at $1.51 EPS, FY2019 earnings at $4.95 EPS, Q2 2020 earnings at $1.30 EPS, Q3 2020 earnings at $1.47 EPS, Q4 2020 earnings at $1.73 EPS and FY2020 earnings at $5.71 EPS.

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

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research raised HAYS PLC/ADR from a “sell” rating to a “hold” rating in a report on Tuesday, June 18th. Morgan Stanley set a $103.00 price target on Nike and gave the company a “buy” rating in a report on Friday, June 28th. Buckingham Research upped their price target on SYSCO from $82.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Robert W. Baird upped their price target on Aptiv from $103.00 to $109.00 and gave the company an “outperform” rating in a report on Tuesday, June 11th. Finally, Wolfe Research cut Southwestern Energy from a “peer perform” rating to an “underperform” rating in a report on Thursday, April 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $90.76.

Shares of NYSE:APTV opened at $80.09 on Friday. Aptiv has a 12 month low of $58.80 and a 12 month high of $98.77. The company has a market capitalization of $20.28 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 1.42 and a beta of 2.06. The business’s 50 day moving average price is $76.60. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 1.20.

Large investors have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Aptiv during the 4th quarter valued at $380,134,000. TimesSquare Capital Management LLC bought a new stake in Aptiv in the first quarter worth $55,571,000. Bessemer Group Inc. boosted its holdings in Aptiv by 247,261.2% in the second quarter. Bessemer Group Inc. now owns 638,192 shares of the auto parts company’s stock worth $51,586,000 after purchasing an additional 637,934 shares in the last quarter. American Century Companies Inc. boosted its holdings in Aptiv by 30.1% in the fourth quarter. American Century Companies Inc. now owns 2,321,374 shares of the auto parts company’s stock worth $142,927,000 after purchasing an additional 536,906 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in Aptiv by 7.2% in the first quarter. Artisan Partners Limited Partnership now owns 7,567,450 shares of the auto parts company’s stock worth $601,537,000 after purchasing an additional 507,774 shares in the last quarter. 94.32% 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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