Analysts Anticipate Delphi Automotive PLC (DLPH) Will Post Quarterly Sales of $4.09 Billion
Wall Street brokerages expect Delphi Automotive PLC (NYSE:DLPH) to announce sales of $4.09 billion for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Delphi Automotive PLC’s earnings, with the highest sales estimate coming in at $4.20 billion and the lowest estimate coming in at $4.02 billion. Delphi Automotive PLC also reported sales of $4.09 billion during the same quarter last year. The firm is expected to report its next earnings report before the market opens on Thursday, November 2nd.
According to Zacks, analysts expect that Delphi Automotive PLC will report full-year sales of $4.09 billion for the current fiscal year, with estimates ranging from $16.92 billion to $17.27 billion. For the next fiscal year, analysts forecast that the firm will report sales of $17.98 billion per share, with estimates ranging from $17.52 billion to $18.47 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Delphi Automotive PLC.
Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.65 by $0.06. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.20 billion. Delphi Automotive PLC had a return on equity of 60.14% and a net margin of 7.51%. Delphi Automotive PLC’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the business posted $1.59 EPS.
A number of research analysts have commented on the company. Bank of America Corporation upped their price target on Delphi Automotive PLC from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 26th. Cowen and Company assumed coverage on Delphi Automotive PLC in a research note on Monday, September 25th. They set an “outperform” rating and a $120.00 price target on the stock. Piper Jaffray Companies restated an “overweight” rating and set a $112.00 price target on shares of Delphi Automotive PLC in a research note on Monday, September 25th. BidaskClub upgraded Delphi Automotive PLC from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Finally, KeyCorp restated a “buy” rating and set a $100.00 price target on shares of Delphi Automotive PLC in a research note on Sunday, September 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Delphi Automotive PLC has a consensus rating of “Buy” and a consensus target price of $103.82.
In other news, SVP Vos Glen W. De sold 2,100 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $91.35, for a total transaction of $191,835.00. Following the completion of the sale, the senior vice president now owns 22,994 shares in the company, valued at $2,100,501.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas W. Sidlik sold 8,475 shares of the stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $103.19, for a total transaction of $874,535.25. Following the sale, the director now owns 10,564 shares of the company’s stock, valued at approximately $1,090,099.16. The disclosure for this sale can be found here. Insiders have sold 19,075 shares of company stock valued at $1,903,025 in the last quarter. Insiders own 0.31% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC lifted its position in Delphi Automotive PLC by 705.4% in the second quarter. Janus Henderson Group PLC now owns 5,504,770 shares of the auto parts company’s stock valued at $482,510,000 after purchasing an additional 4,821,278 shares during the period. Glenview Capital Management LLC acquired a new stake in Delphi Automotive PLC in the second quarter valued at about $163,155,000. Artisan Partners Limited Partnership lifted its position in Delphi Automotive PLC by 43.7% in the second quarter. Artisan Partners Limited Partnership now owns 4,435,030 shares of the auto parts company’s stock valued at $388,730,000 after purchasing an additional 1,348,013 shares during the period. Pioneer Investment Management Inc. acquired a new stake in Delphi Automotive PLC in the second quarter valued at about $73,985,000. Finally, Neuberger Berman Group LLC lifted its position in Delphi Automotive PLC by 28.1% in the second quarter. Neuberger Berman Group LLC now owns 2,657,643 shares of the auto parts company’s stock valued at $232,942,000 after purchasing an additional 582,518 shares during the period. Institutional investors and hedge funds own 90.07% of the company’s stock.
Delphi Automotive PLC (DLPH) traded up 1.15% on Monday, reaching $97.95. The company’s stock had a trading volume of 144,160 shares. The company has a 50 day moving average of $99.13 and a 200 day moving average of $90.07. The firm has a market capitalization of $26.14 billion, a price-to-earnings ratio of 20.73 and a beta of 1.36. Delphi Automotive PLC has a 52 week low of $60.50 and a 52 week high of $104.09.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Delphi Automotive PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delphi Automotive PLC and related companies with MarketBeat.com's FREE daily email newsletter.