Aptiv (NYSE:APTV) Issues FY19 Earnings Guidance

Aptiv (NYSE:APTV) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $5.05-5.15 for the period, compared to the Thomson Reuters consensus estimate of $4.98. The company issued revenue guidance of $14.525-14.725 billion, compared to the consensus revenue estimate of $14.68 billion.Aptiv also updated its FY 2019 guidance to $5.05-5.15 EPS.

Aptiv stock traded up $4.41 during trading hours on Wednesday, hitting $85.98. 68,797 shares of the stock traded hands, compared to its average volume of 1,137,265. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.20 and a quick ratio of 0.87. The firm’s 50 day moving average price is $79.14. The firm has a market capitalization of $21.25 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 1.49 and a beta of 2.06. Aptiv has a 1 year low of $58.80 and a 1 year high of $98.77.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.20. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Aptiv had a return on equity of 35.66% and a net margin of 6.95%. Aptiv’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 EPS. Sell-side analysts expect that Aptiv will post 4.97 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, August 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.02%. Aptiv’s payout ratio is currently 16.73%.

Several brokerages recently weighed in on APTV. Buckingham Research increased their price objective on SYSCO from $82.00 to $84.00 and gave the stock a buy rating in a research report on Tuesday, May 7th. Zacks Investment Research upgraded HAYS PLC/ADR from a sell rating to a hold rating in a research report on Tuesday, June 18th. Wolfe Research cut Southwestern Energy from a peer perform rating to an underperform rating in a research note on Thursday, April 18th. Jefferies Financial Group set a $80.00 price objective on Foot Locker and gave the company a buy rating in a research note on Friday, April 12th. Finally, Robert W. Baird raised their price target on Aptiv from $103.00 to $109.00 and gave the company an outperform rating in a research note on Tuesday, June 11th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Aptiv presently has an average rating of Buy and a consensus target price of $90.76.

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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