Delphi Automotive PLC (DLPH) Updates FY17 Earnings Guidance
Delphi Automotive PLC (NYSE:DLPH) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share guidance of $6.70-6.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.73. The company issued revenue guidance of $17.35-17.45 billion, compared to the consensus revenue estimate of $17.12 billion.
Delphi Automotive PLC (NYSE:DLPH) last issued its quarterly earnings results on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.10. The company had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.10 billion. Delphi Automotive PLC had a return on equity of 60.14% and a net margin of 7.51%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.50 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders 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 dividend yield of 1.17%. Delphi Automotive PLC’s dividend payout ratio is currently 24.58%.
Several research firms have recently commented on DLPH. Robert W. Baird reaffirmed an outperform rating and issued a $128.00 price objective (up previously from $110.00) on shares of Delphi Automotive PLC in a research note on Thursday, September 28th. They noted that the move was a valuation call. Piper Jaffray Companies set a $112.00 price objective on Delphi Automotive PLC and gave the stock a buy rating in a research note on Friday, August 11th. Wells Fargo & Company increased their target price on Delphi Automotive PLC from $105.00 to $109.00 and gave the stock an outperform rating in a research report on Friday, September 29th. Jefferies Group LLC reiterated a buy rating and set a $118.00 target price on shares of Delphi Automotive PLC in a research report on Tuesday. Finally, Deutsche Bank AG increased their target price on Delphi Automotive PLC from $99.00 to $107.00 and gave the stock a buy rating in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $103.82.
In other Delphi Automotive PLC news, Director Gary L. Cowger sold 8,500 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $98.43, for a total transaction 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 SEC, which can be accessed through the SEC website. Also, SVP Vos Glen W. De sold 2,100 shares of the business’s 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 sale, the senior vice president now owns 22,994 shares in the company, valued at approximately $2,100,501.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,075 shares of company stock worth $1,903,025. Company insiders own 0.31% of the company’s stock.
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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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