Delphi Automotive PLC (DLPH) Releases Earnings Results, Beats Estimates By $0.10 EPS
Delphi Automotive PLC (NYSE:DLPH) posted its earnings results on Thursday. The auto parts company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.10, Bloomberg Earnings reports. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.10 billion. Delphi Automotive PLC had a return on equity of 60.14% and a net margin of 7.51%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.50 EPS. Delphi Automotive PLC updated its FY17 guidance to $6.70-6.80 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $1.16 dividend on an annualized basis and a yield of 1.17%. Delphi Automotive PLC’s payout ratio is 24.58%.
A number of research firms have recently commented on DLPH. Piper Jaffray Companies set a $112.00 target price on Delphi Automotive PLC and gave the company a “buy” rating in a research report on Friday, August 11th. Royal Bank Of Canada restated 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 restated 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. Deutsche Bank AG increased their price target on Delphi Automotive PLC from $99.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, Jefferies Group LLC restated a “buy” rating and set a $118.00 price target on shares of Delphi Automotive PLC in a report on Tuesday. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $103.82.
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In related news, Director Gary L. Cowger sold 8,500 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $98.43, for a total value of $836,655.00. Following the sale, the director now owns 29,960 shares in the company, valued at approximately $2,948,962.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas W. Sidlik sold 8,475 shares of the business’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $103.19, for a total value of $874,535.25. Following the completion of the sale, the director now owns 10,564 shares in the company, valued at approximately $1,090,099.16. The disclosure for this sale can be found here. Insiders sold a total of 19,075 shares of company stock worth $1,903,025 in the last quarter. Company insiders own 0.31% of the company’s stock.
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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