Wall Street brokerages predict that Aptiv PLC (NYSE:APTV) will announce $3.56 billion in sales for the current quarter, Zacks reports. Five analysts have made estimates for Aptiv’s earnings, with the lowest sales estimate coming in at $3.51 billion and the highest estimate coming in at $3.59 billion. Aptiv posted sales of $3.44 billion during the same quarter last year, which suggests a positive year over year growth rate of 3.5%. The business is expected to announce its next earnings results on Thursday, February 7th.

According to Zacks, analysts expect that Aptiv will report full-year sales of $14.37 billion for the current fiscal year, with estimates ranging from $14.31 billion to $14.40 billion. For the next fiscal year, analysts anticipate that the business will report sales of $15.25 billion, with estimates ranging from $15.01 billion to $15.34 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Aptiv.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, October 31st. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.04. Aptiv had a return on equity of 37.53% and a net margin of 7.56%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.41 billion. The company’s revenue was up 10.7% on a year-over-year basis.

APTV has been the subject of a number of recent research reports. Zacks Investment Research downgraded Aptiv from a “hold” rating to a “sell” rating in a research report on Friday, November 16th. Morgan Stanley dropped their target price on Aptiv from $81.00 to $72.00 and set an “underweight” rating for the company in a research report on Wednesday, November 14th. Citigroup dropped their target price on Aptiv from $99.00 to $93.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. TheStreet downgraded Aptiv from a “b” rating to a “c+” rating in a research report on Wednesday, October 31st. Finally, Wells Fargo & Co dropped their target price on Aptiv from $106.00 to $98.00 and set an “outperform” rating for the company in a research report on Thursday, November 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $97.11.

APTV traded up $2.75 during trading on Friday, hitting $73.81. The company’s stock had a trading volume of 114,700 shares, compared to its average volume of 2,820,724. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.14 and a current ratio of 1.54. Aptiv has a 12 month low of $70.41 and a 12 month high of $103.23. The company has a market cap of $19.03 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.04 and a beta of 1.59.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $0.88 annualized dividend and a yield of 1.19%. Aptiv’s dividend payout ratio is 18.97%.

In other news, CFO Joseph R. Massaro sold 2,800 shares of the 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frank J. Dellaquila bought 750 shares of the stock in a transaction dated Thursday, August 23rd. The shares were purchased at an average price of $89.00 per share, for a total transaction of $66,750.00. The disclosure for this purchase can be found here. 0.32% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC increased its stake in shares of Aptiv by 90.6% during the third quarter. Steward Partners Investment Advisory LLC now owns 1,506 shares of the auto parts company’s stock worth $126,000 after purchasing an additional 716 shares during the period. Capital Advisors Ltd. LLC bought a new position in shares of Aptiv during the third quarter worth approximately $154,000. First Mercantile Trust Co. bought a new position in shares of Aptiv during the second quarter worth approximately $159,000. Cranbrook Wealth Management LLC bought a new position in shares of Aptiv during the second quarter worth approximately $162,000. Finally, Ropes Wealth Advisors LLC bought a new position in shares of Aptiv during the third quarter worth approximately $195,000. Institutional investors own 90.45% of the company’s stock.

About Aptiv

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.

Featured Story: How Does the Quiet Period Work?

Get a free copy of the Zacks research report on Aptiv (APTV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Aptiv (NYSE:APTV)

Receive News & Ratings for Aptiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aptiv and related companies with MarketBeat.com's FREE daily email newsletter.