$3.26 Billion in Sales Expected for Aptiv PLC (APTV) This Quarter

Wall Street analysts predict that Aptiv PLC (NYSE:APTV) will post sales of $3.26 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Aptiv’s earnings, with the lowest sales estimate coming in at $3.18 billion and the highest estimate coming in at $3.30 billion. Aptiv reported sales of $4.31 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 24.4%. The firm is scheduled to report its next earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Aptiv will report full-year sales of $3.26 billion for the current financial year, with estimates ranging from $12.66 billion to $12.78 billion. For the next year, analysts expect that the firm will post sales of $13.57 billion per share, with estimates ranging from $13.28 billion to $13.83 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Aptiv.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.10. The business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.10 billion. Aptiv had a return on equity of 57.92% and a net margin of 8.00%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the company earned $1.50 EPS.

A number of equities research analysts recently issued reports on APTV shares. BMO Capital Markets decreased their price target on Aptiv to $96.00 and set an “outperform” rating for the company in a research note on Tuesday. They noted that the move was a valuation call. Robert W. Baird reissued an “outperform” rating and set a $128.00 price target (up from $110.00) on shares of Aptiv in a research note on Thursday, September 28th. They noted that the move was a valuation call. Wells Fargo & Co raised their price target on Aptiv from $105.00 to $109.00 and gave the stock an “outperform” rating in a research note on Friday, September 29th. UBS Group reissued a “buy” rating and set a $102.00 price target on shares of Aptiv in a research note on Thursday, September 28th. Finally, Bank of America raised their price target on Aptiv from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $86.56.

In related news, insider Kevin P. Clark purchased 22,500 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were acquired at an average cost of $87.88 per share, for a total transaction of $1,977,300.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frank J. Dellaquila purchased 1,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was bought at an average price of $83.88 per share, for a total transaction of $83,880.00. The disclosure for this purchase can be found here. Company insiders own 0.31% of the company’s stock.

Shares of Aptiv (APTV) opened at $87.54 on Thursday. The stock has a market capitalization of $22,891.47, a P/E ratio of 17.06, a PEG ratio of 1.54 and a beta of 1.40. Aptiv has a one year low of $56.87 and a one year high of $89.66. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 1.35.

The company also recently disclosed a Not Available dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, February 2nd. Aptiv’s payout ratio is currently 29.04%.

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About Aptiv

Aptiv PLC, formerly Delphi Automotive PLC, is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, and Electronics & Safety.

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