Wall Street analysts forecast that Delphi Technologies PLC (NYSE:DLPH) will report $1.01 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Delphi Technologies’ earnings, with the lowest EPS estimate coming in at $0.92 and the highest estimate coming in at $1.08. The business is scheduled to issue its next quarterly earnings results on Wednesday, November 14th.
According to Zacks, analysts expect that Delphi Technologies will report full year earnings of $4.80 per share for the current financial year, with EPS estimates ranging from $4.74 to $4.87. For the next fiscal year, analysts expect that the company will report earnings of $5.09 per share, with EPS estimates ranging from $4.65 to $5.31. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Delphi Technologies.
Delphi Technologies (NYSE:DLPH) last posted its earnings results on Wednesday, August 8th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.27 billion. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.35 earnings per share.
DLPH has been the topic of a number of recent analyst reports. Morgan Stanley raised Delphi Technologies from an “equal weight” rating to an “overweight” rating and set a $55.00 target price on the stock in a report on Monday, July 9th. Oppenheimer raised Delphi Technologies from a “market perform” rating to an “outperform” rating and set a $53.00 target price on the stock in a report on Monday, July 23rd. Zacks Investment Research raised Delphi Technologies from a “sell” rating to a “hold” rating in a report on Friday, August 10th. BMO Capital Markets set a $60.00 price objective on Delphi Technologies and gave the company a “buy” rating in a report on Thursday, August 9th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Delphi Technologies in a report on Thursday, August 9th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $55.27.
Shares of DLPH stock traded down $0.39 during trading on Monday, reaching $33.92. 1,058,981 shares of the company’s stock were exchanged, compared to its average volume of 1,086,300. The company has a current ratio of 1.59, a quick ratio of 1.18 and a debt-to-equity ratio of 4.68. The firm has a market capitalization of $3.05 billion and a PE ratio of 6.59. Delphi Technologies has a twelve month low of $33.26 and a twelve month high of $60.39.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 15th. Shareholders of record on Tuesday, August 7th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Monday, August 6th. Delphi Technologies’s dividend payout ratio is 13.20%.
In other news, Director Mark P. Frissora sold 7,826 shares of the stock in a transaction on Friday, June 15th. The stock was sold at an average price of $102.59, for a total transaction of $802,869.34. Following the sale, the director now directly owns 1,957 shares of the company’s stock, valued at approximately $200,768.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Susan M. Suver sold 1,174 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $95.00, for a total value of $111,530.00. Following the sale, the senior vice president now directly owns 62,268 shares in the company, valued at $5,915,460. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Preferred LLC grew its holdings in shares of Delphi Technologies by 908.1% during the 2nd quarter. Advisors Preferred LLC now owns 2,621 shares of the company’s stock worth $119,000 after purchasing an additional 2,361 shares in the last quarter. Perigon Wealth Management LLC acquired a new stake in shares of Delphi Technologies during the 1st quarter worth $197,000. Signition LP acquired a new stake in shares of Delphi Technologies during the 2nd quarter worth $205,000. Itau Unibanco Holding S.A. grew its holdings in shares of Delphi Technologies by 753.7% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 4,516 shares of the company’s stock worth $205,000 after purchasing an additional 3,987 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new stake in shares of Delphi Technologies during the 1st quarter worth $216,000. 85.53% of the stock is currently owned by institutional investors.
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.
Further Reading: Fundamental Analysis – How It Helps Investors
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Delphi Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delphi Technologies and related companies with MarketBeat.com's FREE daily email newsletter.