Zacks: Analysts Anticipate Delphi Automotive PLC (DLPH) Will Announce Quarterly Sales of $4.07 Billion
Wall Street analysts expect Delphi Automotive PLC (NYSE:DLPH) to announce $4.07 billion in sales for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Delphi Automotive PLC’s earnings, with estimates ranging from $4.02 billion to $4.10 billion. Delphi Automotive PLC posted sales of $4.09 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 0.5%. The firm is expected to report its next quarterly earnings report on Wednesday, November 1st.
On average, analysts expect that Delphi Automotive PLC will report full year sales of $4.07 billion for the current fiscal year, with estimates ranging from $16.92 billion to $17.15 billion. For the next year, analysts expect that the firm will post sales of $17.98 billion per share, with estimates ranging from $17.52 billion to $18.45 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Delphi Automotive PLC.
Delphi Automotive PLC (NYSE:DLPH) last announced its earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 EPS for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.06. The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.20 billion. Delphi Automotive PLC had a net margin of 7.51% and a return on equity of 60.14%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 earnings per share.
A number of equities analysts have recently commented on DLPH shares. Piper Jaffray Companies set a $112.00 price objective on Delphi Automotive PLC and gave the stock a “buy” rating in a research report on Friday, August 11th. Guggenheim initiated coverage on shares of Delphi Automotive PLC in a research note on Wednesday, June 21st. They issued a “buy” rating and a $104.00 price target for the company. Royal Bank Of Canada reiterated a “buy” rating and set a $95.00 price target on shares of Delphi Automotive PLC in a report on Friday, July 7th. Robert W. Baird reiterated an “outperform” rating and set a $128.00 price target (up previously from $110.00) on shares of Delphi Automotive PLC in a report on Thursday, September 28th. They noted that the move was a valuation call. Finally, Jefferies Group LLC raised their price objective on shares of Delphi Automotive PLC to $118.00 and gave the company a “buy” rating in a report on Thursday, September 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Delphi Automotive PLC presently has a consensus rating of “Buy” and a consensus price target of $100.55.
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In other Delphi Automotive PLC news, Director Gary L. Cowger sold 8,500 shares of Delphi Automotive PLC stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $98.43, for a total transaction of $836,655.00. Following the completion of the transaction, the director now owns 29,960 shares in the company, valued at $2,948,962.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas W. Sidlik sold 8,475 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $103.19, for a total transaction of $874,535.25. Following the completion of the sale, the director now directly owns 10,564 shares in the company, valued at approximately $1,090,099.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,075 shares of company stock worth $1,903,025. Corporate insiders own 0.32% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in DLPH. BlackRock Inc. lifted its stake in Delphi Automotive PLC by 2,138.9% in the 1st quarter. BlackRock Inc. now owns 16,893,002 shares of the auto parts company’s stock valued at $1,359,718,000 after buying an additional 16,138,486 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Delphi Automotive PLC by 705.4% during the 2nd quarter. Janus Henderson Group PLC now owns 5,504,770 shares of the auto parts company’s stock valued at $482,510,000 after buying an additional 4,821,278 shares during the last quarter. Glenview Capital Management LLC acquired a new stake in Delphi Automotive PLC during the 2nd quarter valued at $163,155,000. Artisan Partners Limited Partnership grew its holdings in Delphi Automotive PLC by 43.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 4,435,030 shares of the auto parts company’s stock valued at $388,730,000 after buying an additional 1,348,013 shares during the last quarter. Finally, OppenheimerFunds Inc. grew its holdings in Delphi Automotive PLC by 72.5% during the 1st quarter. OppenheimerFunds Inc. now owns 2,143,459 shares of the auto parts company’s stock valued at $172,527,000 after buying an additional 900,514 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.
Shares of Delphi Automotive PLC (NYSE DLPH) opened at 99.62 on Wednesday. Delphi Automotive PLC has a 12-month low of $60.50 and a 12-month high of $104.09. The company has a market capitalization of $26.58 billion, a PE ratio of 21.08 and a beta of 1.36. The stock has a 50 day moving average of $97.31 and a 200-day moving average of $88.40.
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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