Delphi Automotive PLC (DLPH) Posts Quarterly Earnings, Beats Estimates By $0.09 EPS
Delphi Automotive PLC (NASDAQ:DLPH) released its earnings data on Thursday. The company reported $1.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.33 by $0.09, Stock Ratings News reports. The company had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.47 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. Delphi Automotive PLC updated its Q3 guidance to $1.10-1.18 EPS and its FY14 guidance to $4.95-5.10 EPS.
A number of analysts have recently weighed in on DLPH shares. Analysts at JPMorgan Chase & Co. raised their price target on shares of Delphi Automotive PLC from $76.00 to $77.00 in a research note on Tuesday, July 22nd. They now have an “overweight” rating on the stock. On the ratings front, analysts at Barclays raised their price target on shares of Delphi Automotive PLC from $82.00 to $85.00 in a research note on Monday, July 14th. They now have an “overweight” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Delphi Automotive PLC in a research note on Friday, June 27th. They now have a $85.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Delphi Automotive PLC currently has a consensus rating of “Buy” and an average target price of $76.75.
Shares of Delphi Automotive PLC (NASDAQ:DLPH) opened at 67.58 on Thursday. Delphi Automotive PLC has a 1-year low of $53.07 and a 1-year high of $71.27. The stock’s 50-day moving average is $68.60 and its 200-day moving average is $66.66. The company has a market cap of $20.522 billion and a P/E ratio of 16.77.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Monday, August 11th.
Delphi Automotive PLC (NASDAQ:DLPH) is a global vehicle components manufacturer and provides electrical and electronic, powertrain, safety and thermal technology solutions to the global automotive and commercial vehicle markets.
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