Aptiv (NYSE:APTV) Issues Quarterly Earnings Results
Aptiv (NYSE:APTV) announced its earnings results on Thursday. The auto parts company reported ($1.10) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.43) by $0.33, MarketWatch Earnings reports. Aptiv had a return on equity of 10.10% and a net margin of 13.63%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.97 billion.
Shares of APTV stock traded down $2.71 during mid-day trading on Friday, hitting $77.75. 2,360,266 shares of the stock traded hands, compared to its average volume of 1,370,523. Aptiv has a 52-week low of $29.22 and a 52-week high of $99.04. The stock has a market cap of $19.82 billion, a P/E ratio of 11.83, a P/E/G ratio of 7.09 and a beta of 2.26. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.89 and a quick ratio of 1.32. The stock’s fifty day moving average is $78.08 and its two-hundred day moving average is $73.94.
A number of research firms recently issued reports on APTV. Cowen boosted their price objective on Aptiv from $86.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. UBS Group raised shares of Aptiv from a “neutral” rating to a “buy” rating and boosted their target price for the company from $50.00 to $86.00 in a research note on Tuesday, May 19th. Piper Sandler cut their price target on shares of Aptiv from $108.00 to $88.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. KeyCorp lifted their price objective on shares of Aptiv from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Monday, April 13th. Finally, Morgan Stanley boosted their price objective on shares of Aptiv from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Aptiv currently has an average rating of “Buy” and a consensus target price of $87.83.
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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