Delphi Technologies (DLPH) Announces Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Delphi Technologies (NYSE:DLPH) announced its earnings results on Wednesday. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.15 by $0.09, Morningstar.com reports. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.19 billion. The company’s revenue was up 12.5% on a year-over-year basis. Delphi Technologies updated its FY18 guidance to $4.50-4.80 EPS.

Shares of Delphi Technologies (DLPH) opened at $48.97 on Wednesday. Delphi Technologies has a 12-month low of $38.00 and a 12-month high of $60.39.

The business also recently declared an annual dividend, which was paid on Wednesday, February 14th. Shareholders of record on Tuesday, February 6th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, February 5th.

In related news, Director Frank J. Dellaquila purchased 500 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were bought at an average cost of $86.50 per share, for a total transaction of $43,250.00. Following the transaction, the director now directly owns 2,247 shares of the company’s stock, valued at approximately $194,365.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tdam USA Inc. acquired a new stake in Delphi Technologies in the 3rd quarter worth $269,000. Winfield Associates Inc. grew its position in Delphi Technologies by 43.3% in the 3rd quarter. Winfield Associates Inc. now owns 7,990 shares of the company’s stock worth $786,000 after purchasing an additional 2,415 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Delphi Technologies by 2.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 916,597 shares of the company’s stock worth $90,194,000 after purchasing an additional 19,313 shares during the last quarter. Columbus Circle Investors acquired a new stake in shares of Delphi Technologies during the 3rd quarter valued at about $12,861,000. Finally, Swiss National Bank boosted its position in shares of Delphi Technologies by 0.3% during the 3rd quarter. Swiss National Bank now owns 987,400 shares of the company’s stock valued at $97,160,000 after acquiring an additional 2,500 shares in the last quarter. Institutional investors own 46.27% of the company’s stock.

Separately, Buckingham Research began coverage on shares of Delphi Technologies in a research report on Thursday, February 8th. They issued a “neutral” rating and a $58.00 price target on the stock.

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About Delphi Technologies

Delphi Technologies PLC is a develops, designs and manufactures powertrain technologies for original equipment manufacturers (OEMs). The Company’s segments is Products & Service Solutions (PSS). PSS segment sells aftermarket products to independent aftermarket and original equipment service customers.

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