Zacks: Brokerages Anticipate Aptiv PLC (APTV) Will Post Quarterly Sales of $3.46 Billion
Equities research analysts predict that Aptiv PLC (NYSE:APTV) will report sales of $3.46 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Aptiv’s earnings. The highest sales estimate is $3.53 billion and the lowest is $3.43 billion. Aptiv reported sales of $4.33 billion during the same quarter last year, which would suggest a negative year over year growth rate of 20.1%. The firm is scheduled to announce its next earnings report on Thursday, November 1st.
According to Zacks, analysts expect that Aptiv will report full-year sales of $14.46 billion for the current year, with estimates ranging from $14.36 billion to $14.53 billion. For the next year, analysts anticipate that the business will report sales of $15.36 billion per share, with estimates ranging from $15.11 billion to $15.64 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Aptiv.
Aptiv (NYSE:APTV) last posted its quarterly earnings results on Tuesday, July 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.03. Aptiv had a net margin of 8.28% and a return on equity of 41.16%. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period last year, the firm posted $1.13 EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis.
Shares of Aptiv stock traded up $0.96 during trading hours on Tuesday, reaching $90.73. The company’s stock had a trading volume of 105,659 shares, compared to its average volume of 1,924,930. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.19 and a current ratio of 1.55. Aptiv has a one year low of $79.46 and a one year high of $103.23. The company has a market cap of $23.11 billion, a P/E ratio of 19.93, a PEG ratio of 1.21 and a beta of 1.57.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 22nd. Shareholders of record on Wednesday, August 8th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, August 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.97%. Aptiv’s dividend payout ratio (DPR) is 18.97%.
In other news, SVP Susan M. Suver sold 1,174 shares of Aptiv stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $95.00, for a total value of $111,530.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Joseph R. Massaro sold 2,800 shares of Aptiv stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $86.24, for a total transaction of $241,472.00. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in APTV. Artisan Partners Limited Partnership grew its stake in shares of Aptiv by 12.0% in the 1st quarter. Artisan Partners Limited Partnership now owns 7,848,147 shares of the auto parts company’s stock worth $666,857,000 after purchasing an additional 841,161 shares during the last quarter. Senator Investment Group LP grew its stake in shares of Aptiv by 25.0% in the 2nd quarter. Senator Investment Group LP now owns 4,000,000 shares of the auto parts company’s stock worth $366,520,000 after purchasing an additional 800,000 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Aptiv by 449.8% in the 2nd quarter. Voya Investment Management LLC now owns 893,891 shares of the auto parts company’s stock worth $81,908,000 after purchasing an additional 731,302 shares during the last quarter. Millennium Management LLC grew its stake in shares of Aptiv by 149.4% in the 1st quarter. Millennium Management LLC now owns 1,140,725 shares of the auto parts company’s stock worth $96,927,000 after purchasing an additional 683,337 shares during the last quarter. Finally, Robecosam AG acquired a new position in shares of Aptiv in the 1st quarter worth approximately $49,283,000. 91.01% of the stock is currently owned by institutional investors.
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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