Zacks: Brokerages Anticipate Delphi Automotive PLC (DLPH) Will Post Quarterly Sales of $4.07 Billion
Equities analysts predict 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, with the highest sales estimate coming in at $4.10 billion and the lowest estimate coming in at $4.02 billion. Delphi Automotive PLC posted sales of $4.09 billion in the same quarter last year, which would indicate a negative year over year growth rate of 0.5%. The firm is scheduled to report 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 year, with estimates ranging from $16.92 billion to $17.15 billion. For the next year, analysts anticipate that the firm will report sales of $17.98 billion per share, with estimates ranging from $17.52 billion to $18.36 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Delphi Automotive PLC.
Delphi Automotive PLC (NYSE:DLPH) last issued 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 company had revenue of $4.32 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.59 earnings per share.
A number of brokerages have commented on DLPH. BidaskClub upgraded Delphi Automotive PLC from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Deutsche Bank AG restated a “buy” rating and issued a $107.00 price target (up from $99.00) on shares of Delphi Automotive PLC in a research report on Wednesday, August 9th. BMO Capital Markets raised their price target on Delphi Automotive PLC from $104.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Piper Jaffray Companies set a $112.00 price target on Delphi Automotive PLC and gave the stock a “buy” rating in a research report on Friday, August 11th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $95.00 price target on shares of Delphi Automotive PLC in a research report on Friday, July 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Delphi Automotive PLC presently has an average rating of “Buy” and a consensus price target of $93.78.
Delphi Automotive PLC (DLPH) opened at 97.92 on Friday. Delphi Automotive PLC has a 52 week low of $60.50 and a 52 week high of $98.83. The stock has a market capitalization of $26.13 billion, a price-to-earnings ratio of 20.72 and a beta of 1.35. The firm has a 50-day moving average of $94.09 and a 200 day moving average of $86.18.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Monday, August 7th. Delphi Automotive PLC’s dividend payout ratio is currently 24.58%.
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In related news, CFO Joseph R. Massaro sold 3,000 shares of Delphi Automotive PLC stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $85.79, for a total value of $257,370.00. Following the sale, the chief financial officer now owns 55,779 shares of the company’s stock, valued at $4,785,280.41. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Vos Glen W. De sold 2,100 shares of Delphi Automotive PLC stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $91.35, for a total value of $191,835.00. Following the completion of the sale, the senior vice president now directly owns 22,994 shares in the company, valued at approximately $2,100,501.90. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Global X Management Co. LLC boosted its holdings in shares of Delphi Automotive PLC by 9.7% during the second quarter. Global X Management Co. LLC now owns 1,292 shares of the auto parts company’s stock worth $113,000 after acquiring an additional 114 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Delphi Automotive PLC by 10.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,316 shares of the auto parts company’s stock worth $115,000 after acquiring an additional 125 shares during the period. Assetmark Inc. boosted its holdings in shares of Delphi Automotive PLC by 3.1% during the first quarter. Assetmark Inc. now owns 1,520 shares of the auto parts company’s stock worth $122,000 after acquiring an additional 46 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Delphi Automotive PLC by 1,248.5% during the second quarter. Advisory Services Network LLC now owns 1,389 shares of the auto parts company’s stock worth $122,000 after acquiring an additional 1,286 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Delphi Automotive PLC during the first quarter worth approximately $126,000. Institutional investors and hedge funds own 90.10% of the company’s stock.
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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