Delphi Automotive PLC (DLPH) Releases FY17 Earnings Guidance
Delphi Automotive PLC (NYSE:DLPH) updated its FY17 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $6.70-6.80 for the period, compared to the Thomson Reuters consensus estimate of $6.73. The company issued revenue guidance of $17.35-17.45 billion, compared to the consensus revenue estimate of $17.12 billion.
A number of analysts have commented on the stock. Citigroup Inc boosted their price target on shares of Delphi Automotive PLC from $115.00 to $116.00 and gave the company a buy rating in a research note on Friday. Robert W. Baird reiterated an outperform rating and issued a $128.00 target price (up previously from $110.00) on shares of Delphi Automotive PLC in a research note on Thursday, September 28th. They noted that the move was a valuation call. Piper Jaffray Companies set a $112.00 target price on shares of Delphi Automotive PLC and gave the stock a buy rating in a research note on Friday, August 11th. Wells Fargo & Company upped their target price on shares of Delphi Automotive PLC from $105.00 to $109.00 and gave the stock an outperform rating in a research note on Friday, September 29th. Finally, Jefferies Group LLC reiterated a buy rating and issued a $118.00 target price on shares of Delphi Automotive PLC in a research note on Tuesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen 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 $103.98.
Delphi Automotive PLC (NYSE:DLPH) opened at $96.89 on Friday. The firm has a market capitalization of $26.40 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.09 and a beta of 1.37. The company has a current ratio of 1.62, a quick ratio of 1.05 and a debt-to-equity ratio of 1.35.
Delphi Automotive PLC (NYSE:DLPH) last posted its earnings results on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.10. The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.10 billion. Delphi Automotive PLC had a net margin of 8.00% and a return on equity of 57.92%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.50 earnings per share. analysts anticipate that Delphi Automotive PLC will post 6.72 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be paid a $0.29 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $1.16 dividend on an annualized basis and a yield of 1.20%. Delphi Automotive PLC’s payout ratio is currently 22.61%.
In other Delphi Automotive PLC news, Director Gary L. Cowger sold 8,500 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $98.43, for a total value of $836,655.00. Following the transaction, the director now directly owns 29,960 shares in the company, valued at $2,948,962.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Vos Glen W. De sold 2,100 shares of the business’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 completion of the transaction, the senior vice president now owns 22,994 shares in the company, valued at $2,100,501.90. The disclosure for this sale can be found here. In the last three months, insiders sold 19,075 shares of company stock worth $1,903,025. 0.31% of the stock is currently owned by insiders.
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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