Delphi Automotive PLC (NYSE:DLPH) to Release Quarterly Earnings on Wednesday
Delphi Automotive PLC (NYSE:DLPH) will be announcing its earnings results before the market opens on Wednesday, August 2nd. Analysts expect the company to announce earnings of $1.65 per share for the quarter. Delphi Automotive PLC has set its Q2 guidance at $1.62-1.68 EPS and its FY17 guidance at $6.40-6.70 EPS.
Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings results on Wednesday, May 3rd. The auto parts company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.13. Delphi Automotive PLC had a net margin of 6.90% and a return on equity of 62.09%. The company had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the firm earned $1.36 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. On average, analysts expect Delphi Automotive PLC to post $6.6 EPS for the current fiscal year and $7.17 EPS for the next fiscal year.
Delphi Automotive PLC (DLPH) traded down 0.24% on Thursday, hitting $90.45. 127,031 shares of the company were exchanged. The stock has a market capitalization of $24.23 billion, a P/E ratio of 21.07 and a beta of 1.38. The company has a 50 day moving average price of $88.39 and a 200-day moving average price of $81.02. Delphi Automotive PLC has a 52 week low of $60.50 and a 52 week high of $93.43.
In related news, SVP David M. Sherbin sold 15,500 shares of Delphi Automotive PLC stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $86.63, for a total value of $1,342,765.00. Following the completion of the sale, the senior vice president now directly owns 70,766 shares in the company, valued at $6,130,458.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sean O. Mahoney sold 1,949 shares of Delphi Automotive PLC 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 disclosure for this sale can be found here. Insiders sold 20,449 shares of company stock valued at $1,770,497 over the last 90 days. 0.32% of the stock is currently owned by corporate insiders.
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Several research analysts have commented on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $95.00 price objective on shares of Delphi Automotive PLC in a research note on Friday, July 7th. Zacks Investment Research lowered shares of Delphi Automotive PLC from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. Jefferies Group LLC lifted their price objective on shares of Delphi Automotive PLC from $100.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Delphi Automotive PLC in a research note on Thursday, July 6th. Finally, BidaskClub raised shares of Delphi Automotive PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $90.73.
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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