Equities analysts expect that Delphi Technologies, Inc (NYSE:DLPH) will announce $1.16 earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for Delphi Technologies’ earnings. The highest EPS estimate is $1.20 and the lowest is $1.11. The firm is scheduled to issue its next earnings results on Wednesday, May 16th.
According to Zacks, analysts expect that Delphi Technologies will report full year earnings of $4.78 per share for the current fiscal year, with EPS estimates ranging from $4.55 to $5.03. For the next fiscal year, analysts expect that the company will post earnings of $5.11 per share, with EPS estimates ranging from $4.45 to $5.51. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Delphi Technologies.
Delphi Technologies (NYSE:DLPH) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.13. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Delphi Technologies’s revenue for the quarter was up 12.5% on a year-over-year basis.
DLPH has been the topic of a number of recent research reports. Guggenheim reissued a “buy” rating and set a $65.00 price objective on shares of Delphi Technologies in a report on Friday, February 23rd. Zacks Investment Research raised Delphi Technologies from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Thursday, March 22nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $70.00 price target on shares of Delphi Technologies in a report on Tuesday, March 6th. Morgan Stanley cut Delphi Technologies from an “overweight” rating to an “equal weight” rating and set a $51.00 price target on the stock. in a report on Thursday, March 22nd. Finally, Deutsche Bank raised their price target on Delphi Technologies from $56.00 to $59.00 and gave the company a “hold” rating in a report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Delphi Technologies currently has an average rating of “Buy” and a consensus price target of $61.22.
In other news, Director Timothy Manganello acquired 15,000 shares of Delphi Technologies stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average cost of $48.80 per share, for a total transaction of $732,000.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Frank J. Dellaquila acquired 500 shares of Delphi Technologies stock in a transaction dated Friday, February 9th. The shares were purchased at an average price of $86.50 per share, for a total transaction of $43,250.00. Following the completion of the transaction, the director now directly owns 2,247 shares in the company, valued at approximately $194,365.50. The disclosure for this purchase can be found here. Company insiders own 0.12% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. KBC Group NV increased its position in shares of Delphi Technologies by 67.3% during the 4th quarter. KBC Group NV now owns 72,173 shares of the company’s stock valued at $5,440,000 after purchasing an additional 29,030 shares during the last quarter. Ecofin Ltd. grew its position in Delphi Technologies by 60.4% during the 4th quarter. Ecofin Ltd. now owns 379,972 shares of the company’s stock worth $19,937,000 after acquiring an additional 143,084 shares during the last quarter. BlueCrest Capital Management Ltd bought a new position in Delphi Technologies during the 4th quarter worth approximately $787,000. Centenus Global Management LP bought a new position in Delphi Technologies during the 4th quarter worth approximately $1,574,000. Finally, Logan Capital Management Inc. grew its position in Delphi Technologies by 54.8% during the 4th quarter. Logan Capital Management Inc. now owns 8,745 shares of the company’s stock worth $459,000 after acquiring an additional 3,094 shares during the last quarter. Hedge funds and other institutional investors own 86.27% of the company’s stock.
DLPH traded up $0.15 during trading on Tuesday, reaching $49.99. 429,328 shares of the company were exchanged, compared to its average volume of 1,005,637. The stock has a market capitalization of $4,342.94 and a price-to-earnings ratio of 9.71. The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.12 and a current ratio of 1.47. Delphi Technologies has a 12-month low of $38.00 and a 12-month high of $60.39.
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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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