$4.20 Billion in Sales Expected for Delphi Automotive PLC (DLPH) This Quarter
Wall Street analysts expect Delphi Automotive PLC (NYSE:DLPH) to post $4.20 billion in sales for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Delphi Automotive PLC’s earnings, with the lowest sales estimate coming in at $4.16 billion and the highest estimate coming in at $4.26 billion. Delphi Automotive PLC reported sales of $4.21 billion in the same quarter last year, which would indicate a negative year over year growth rate of 0.2%. The firm is expected to report its next earnings results before the market opens on Wednesday, August 2nd.
According to Zacks, analysts expect that Delphi Automotive PLC will report full year sales of $4.20 billion for the current year, with estimates ranging from $16.72 billion to $16.95 billion. For the next fiscal year, analysts forecast that the firm will post sales of $17.73 billion per share, with estimates ranging from $17.24 billion to $18.26 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Delphi Automotive PLC.
Delphi Automotive PLC (NYSE:DLPH) last posted its earnings results on Wednesday, May 3rd. The auto parts company reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.13. Delphi Automotive PLC had a return on equity of 62.09% and a net margin of 6.90%. The business had revenue of $4.29 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the previous year, the business earned $1.36 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis.
DLPH has been the subject of a number of analyst reports. Jefferies Group LLC increased their price target on Delphi Automotive PLC from $100.00 to $106.00 and gave the stock a “buy” rating in a research note on Monday, May 15th. Bank of America Corporation restated an “underperform” rating and set a $90.00 price objective (down previously from $95.00) on shares of Delphi Automotive PLC in a research report on Friday, June 16th. BidaskClub upgraded Delphi Automotive PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada restated a “buy” rating and set a $95.00 price objective on shares of Delphi Automotive PLC in a research report on Friday, July 7th. Finally, Zacks Investment Research lowered Delphi Automotive PLC from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $90.73.
In other Delphi Automotive PLC news, Director Sean O. Mahoney sold 1,949 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $87.41, for a total value of $170,362.09. Following the completion of the sale, the director now owns 11,767 shares of the company’s stock, valued at $1,028,553.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP David M. Sherbin sold 15,500 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $86.63, for a total transaction of $1,342,765.00. Following the completion of the sale, the senior vice president now directly owns 70,766 shares of the company’s stock, valued at approximately $6,130,458.58. The disclosure for this sale can be found here. In the last three months, insiders sold 20,449 shares of company stock valued at $1,770,497. 0.32% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Assetmark Inc. increased its stake in Delphi Automotive PLC by 3.1% in the first quarter. Assetmark Inc. now owns 1,520 shares of the auto parts company’s stock valued at $122,000 after buying an additional 46 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Delphi Automotive PLC during the first quarter valued at $126,000. Jacobi Capital Management LLC increased its stake in Delphi Automotive PLC by 25.5% in the first quarter. Jacobi Capital Management LLC now owns 1,881 shares of the auto parts company’s stock valued at $141,000 after buying an additional 382 shares in the last quarter. James Investment Research Inc. bought a new stake in Delphi Automotive PLC during the first quarter valued at $181,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Delphi Automotive PLC by 5.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,421 shares of the auto parts company’s stock valued at $195,000 after buying an additional 117 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.
Delphi Automotive PLC (DLPH) opened at 92.89 on Thursday. The stock has a market capitalization of $24.88 billion, a PE ratio of 21.64 and a beta of 1.38. Delphi Automotive PLC has a 52-week low of $60.50 and a 52-week high of $93.43. The company’s 50-day moving average price is $88.02 and its 200 day moving average price is $80.30.
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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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