Delphi Automotive PLC (DLPH) Expected to Post Quarterly Sales of $4.07 Billion
Wall Street analysts forecast that Delphi Automotive PLC (NYSE:DLPH) will announce sales of $4.07 billion for the current quarter, Zacks reports. 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 during the same quarter last year, which suggests a negative year-over-year growth rate of 0.5%. The firm is expected to announce its next quarterly earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that Delphi Automotive PLC will report full year sales of $4.07 billion for the current financial year, with estimates ranging from $16.92 billion to $17.15 billion. For the next financial year, analysts expect that the business will post sales of $17.98 billion per share, with estimates ranging from $17.52 billion to $18.36 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Delphi Automotive PLC.
Delphi Automotive PLC (NYSE:DLPH) last posted its quarterly earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.06. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Delphi Automotive PLC had a net margin of 7.51% and a return on equity of 60.14%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $1.59 earnings per share.
DLPH has been the subject of several research analyst reports. Morgan Stanley lowered their target price on shares of Delphi Automotive PLC from $80.00 to $78.00 and set an “underweight” rating for the company in a report on Friday, June 9th. Zacks Investment Research downgraded shares of Delphi Automotive PLC from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Bank of America Corporation upgraded shares of Delphi Automotive PLC from an “underperform” rating to a “neutral” rating and upped their price target for the company from $62.00 to $95.00 in a research report on Thursday, May 4th. Deutsche Bank AG reiterated a “buy” rating and issued a $107.00 price target (up previously from $99.00) on shares of Delphi Automotive PLC in a research report on Wednesday, August 9th. Finally, BidaskClub upgraded shares of Delphi Automotive PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $93.78.
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Delphi Automotive PLC (NYSE DLPH) traded up 1.42% on Monday, hitting $96.40. 1,721,595 shares of the company’s stock were exchanged. Delphi Automotive PLC has a 12-month low of $60.50 and a 12-month high of $96.67. The company’s 50-day moving average price is $92.59 and its 200-day moving average price is $84.81. The company has a market cap of $25.72 billion, a PE ratio of 20.40 and a beta of 1.37.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were paid a dividend of $0.29 per share. The ex-dividend date was Monday, August 7th. This represents a $1.16 annualized dividend and a dividend yield of 1.20%. Delphi Automotive PLC’s dividend payout ratio is currently 24.58%.
In other Delphi Automotive PLC news, SVP Vos Glen W. De sold 2,100 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $91.35, for a total transaction of $191,835.00. Following the sale, the senior vice president now directly owns 22,994 shares of the company’s stock, valued at approximately $2,100,501.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joseph R. Massaro sold 3,000 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $85.79, for a total transaction of $257,370.00. Following the sale, the chief financial officer now directly owns 55,779 shares in the company, valued at $4,785,280.41. The disclosure for this sale can be found here. 0.32% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in DLPH. BlackRock Inc. raised its position in shares of Delphi Automotive PLC by 2,138.9% in the first quarter. BlackRock Inc. now owns 16,893,002 shares of the auto parts company’s stock valued at $1,359,718,000 after buying an additional 16,138,486 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Delphi Automotive PLC by 705.4% in the second quarter. Janus Henderson Group PLC now owns 5,504,770 shares of the auto parts company’s stock valued at $482,510,000 after buying an additional 4,821,278 shares during the last quarter. Harris Associates L P bought a new position in shares of Delphi Automotive PLC during the first quarter valued at $180,826,000. Glenview Capital Management LLC bought a new position in shares of Delphi Automotive PLC during the second quarter valued at $163,155,000. Finally, Artisan Partners Limited Partnership raised its position in shares of Delphi Automotive PLC by 43.7% in the second quarter. Artisan Partners Limited Partnership now owns 4,435,030 shares of the auto parts company’s stock valued at $388,730,000 after buying an additional 1,348,013 shares during the last quarter. Institutional investors and hedge funds own 90.09% of the company’s stock.
About Delphi Automotive PLC
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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