Brokerages expect Delphi Technologies PLC (NYSE:DLPH) to post $955.20 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Delphi Technologies’ earnings. The highest sales estimate is $959.00 million and the lowest is $951.40 million. Delphi Technologies reported sales of $1.03 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 7.3%. The company is expected to report its next earnings results on Thursday, October 29th.
According to Zacks, analysts expect that Delphi Technologies will report full-year sales of $3.51 billion for the current fiscal year, with estimates ranging from $3.47 billion to $3.54 billion. For the next financial year, analysts forecast that the firm will post sales of $4.06 billion, with estimates ranging from $3.97 billion to $4.15 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Delphi Technologies.
Delphi Technologies (NYSE:DLPH) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.58) EPS for the quarter, topping analysts’ consensus estimates of ($0.88) by $0.30. Delphi Technologies had a negative net margin of 5.16% and a positive return on equity of 18.01%.
Separately, ValuEngine upgraded Delphi Technologies from a “sell” rating to a “hold” rating in a research report on Monday, June 1st. Ten analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of $12.50.
Hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. bought a new position in Delphi Technologies in the second quarter valued at about $27,000. Canada Pension Plan Investment Board raised its holdings in Delphi Technologies by 35,770.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 3,587 shares of the company’s stock valued at $29,000 after buying an additional 3,577 shares during the last quarter. Federated Hermes Inc. raised its holdings in Delphi Technologies by 20.2% in the 2nd quarter. Federated Hermes Inc. now owns 6,912 shares of the company’s stock valued at $98,000 after buying an additional 1,161 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Delphi Technologies by 72.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,550 shares of the company’s stock worth $69,000 after buying an additional 3,583 shares during the period. Finally, BTG Pactual Global Asset Management Ltd bought a new stake in Delphi Technologies during the 2nd quarter worth approximately $142,000.
Shares of NYSE:DLPH opened at $16.93 on Thursday. Delphi Technologies has a 1 year low of $5.39 and a 1 year high of $18.51. The company’s 50 day simple moving average is $17.28 and its 200 day simple moving average is $13.17. The company has a debt-to-equity ratio of 7.25, a current ratio of 1.71 and a quick ratio of 1.35. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of -7.73 and a beta of 2.65.
About Delphi Technologies
Delphi Technologies PLC engages in the design, development, and manufacture of integrated powertrain technologies worldwide. The company operates through two segments, Powertrain Systems and Delphi Technologies Aftermarket. The Powertrain Systems segment provides fuel injection systems, as well as other powertrain products comprising valvetrain, fuel delivery modules, ignition coils, canisters, sensors, valves, and actuators; and electronic control modules with the corresponding software, algorithms, and calibration that provide centralized management of various powertrain components.
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