Brokerages Anticipate Delphi Automotive PLC (DLPH) Will Announce Quarterly Sales of $4.07 Billion
Equities research analysts expect Delphi Automotive PLC (NYSE:DLPH) to announce sales of $4.07 billion for the current quarter, according to Zacks. Eight analysts have provided estimates for Delphi Automotive PLC’s earnings. The highest sales estimate is $4.10 billion and the lowest is $4.02 billion. Delphi Automotive PLC posted sales of $4.09 billion in the same quarter last year, which suggests a negative year over year growth rate of 0.5%. The business is expected to issue its next quarterly earnings results on Wednesday, November 1st.
On average, analysts expect that Delphi Automotive PLC will report full year sales of $4.07 billion for the current financial year, with estimates ranging from $16.95 billion to $17.15 billion. For the next financial year, analysts anticipate that the firm will report sales of $17.98 billion per share, with estimates ranging from $17.52 billion to $18.36 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Delphi Automotive PLC.
Delphi Automotive PLC (NYSE:DLPH) last issued its earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.06. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.20 billion. Delphi Automotive PLC had a net margin of 7.51% and a return on equity of 60.14%. Delphi Automotive PLC’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.59 earnings per share.
A number of analysts have recently commented on the stock. Guggenheim assumed coverage on shares of Delphi Automotive PLC in a report on Wednesday, June 21st. They set a “buy” rating and a $104.00 target price on the stock. BidaskClub cut shares of Delphi Automotive PLC from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research cut shares of Delphi Automotive PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Jefferies Group LLC reiterated a “buy” rating and issued a $100.00 price target (up previously from $86.00) on shares of Delphi Automotive PLC in a research note on Tuesday, April 25th. Finally, BMO Capital Markets dropped their price target on shares of Delphi Automotive PLC from $104.00 to $92.00 and set an “outperform” rating on the stock in a research note on Monday, May 15th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $92.82.
Shares of Delphi Automotive PLC (NYSE:DLPH) traded down 1.56% on Thursday, reaching $91.35. 1,850,841 shares of the company traded hands. The stock’s 50 day moving average price is $90.07 and its 200-day moving average price is $82.44. The stock has a market capitalization of $24.38 billion, a P/E ratio of 19.33 and a beta of 1.37. Delphi Automotive PLC has a one year low of $60.50 and a one year high of $94.63.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Monday, August 7th. Delphi Automotive PLC’s dividend payout ratio is currently 24.58%.
In other Delphi Automotive PLC news, SVP David M. Sherbin sold 15,500 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $86.63, for a total transaction of $1,342,765.00. Following the transaction, the senior vice president now owns 70,766 shares in the company, valued at approximately $6,130,458.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sean O. Mahoney sold 1,949 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $87.41, for a total transaction of $170,362.09. Following the transaction, the director now owns 11,767 shares in the company, valued at approximately $1,028,553.47. The disclosure for this sale can be found here. Insiders have sold a total of 20,449 shares of company stock worth $1,770,497 in the last 90 days. Company insiders own 0.32% of the company’s stock.
Several large investors have recently added to or reduced their stakes in DLPH. Nationwide Fund Advisors raised its stake in Delphi Automotive PLC by 1.0% in the first quarter. Nationwide Fund Advisors now owns 355,438 shares of the auto parts company’s stock valued at $28,609,000 after buying an additional 3,620 shares during the last quarter. Westwood Management Corp IL raised its stake in Delphi Automotive PLC by 144.2% in the first quarter. Westwood Management Corp IL now owns 298,370 shares of the auto parts company’s stock valued at $24,016,000 after buying an additional 176,170 shares during the last quarter. James Investment Research Inc. acquired a new stake in Delphi Automotive PLC during the first quarter valued at approximately $181,000. Douglas Lane & Associates LLC raised its stake in Delphi Automotive PLC by 1.9% in the first quarter. Douglas Lane & Associates LLC now owns 910,853 shares of the auto parts company’s stock valued at $73,315,000 after buying an additional 17,144 shares during the last quarter. Finally, Hartford Investment Management Co. raised its stake in Delphi Automotive PLC by 12.1% in the first quarter. Hartford Investment Management Co. now owns 75,830 shares of the auto parts company’s stock valued at $6,104,000 after buying an additional 8,173 shares during the last quarter. 92.12% of the stock is owned by hedge funds and other institutional investors.
Delphi Automotive PLC Company Profile
Delphi Automotive PLC is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic, powertrain and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, Powertrain Systems, and Electronics and Safety.
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