Equities analysts expect Delphi Technologies PLC (NYSE:DLPH) to announce $0.79 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Delphi Technologies’ earnings, with the highest EPS estimate coming in at $1.08 and the lowest estimate coming in at $0.70. The business is expected to announce its next earnings report before the market opens on Wednesday, November 7th.
According to Zacks, analysts expect that Delphi Technologies will report full-year earnings of $4.33 per share for the current year, with EPS estimates ranging from $4.15 to $4.84. For the next year, analysts anticipate that the business will report earnings of $4.40 per share, with EPS estimates ranging from $3.89 to $5.31. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Delphi Technologies.
Delphi Technologies (NYSE:DLPH) last posted its quarterly earnings data on Wednesday, August 8th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.05. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.27 billion. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 EPS.
A number of brokerages have recently weighed in on DLPH. Bank of America downgraded shares of Delphi Technologies from a “neutral” rating to an “underperform” rating in a report on Monday, October 1st. Robert W. Baird cut their price target on shares of Delphi Technologies from $40.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, October 8th. Buckingham Research set a $27.00 price target on shares of Delphi Technologies and gave the stock a “hold” rating in a report on Monday, October 8th. Zacks Investment Research raised shares of Delphi Technologies from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Finally, Morgan Stanley downgraded shares of Delphi Technologies from an “overweight” rating to an “equal weight” rating and set a $30.00 price target for the company. in a report on Monday, October 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. Delphi Technologies presently has a consensus rating of “Buy” and an average price target of $45.00.
In other Delphi Technologies news, SVP Susan M. Suver sold 1,174 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $95.00, for a total value of $111,530.00. Following the completion of the transaction, the senior vice president now directly owns 62,268 shares in the company, valued at approximately $5,915,460. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Joseph R. Massaro sold 2,800 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $86.24, for a total transaction of $241,472.00. Following the completion of the transaction, the chief financial officer now owns 91,734 shares of the company’s stock, valued at $7,911,140.16. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Preferred LLC increased its position in Delphi Technologies by 908.1% in the 2nd quarter. Advisors Preferred LLC now owns 2,621 shares of the company’s stock valued at $119,000 after acquiring an additional 2,361 shares during the period. Signition LP acquired a new position in Delphi Technologies in the 2nd quarter valued at approximately $205,000. Itau Unibanco Holding S.A. increased its position in Delphi Technologies by 753.7% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 4,516 shares of the company’s stock valued at $205,000 after acquiring an additional 3,987 shares during the period. Kendall Capital Management acquired a new position in Delphi Technologies in the 2nd quarter valued at approximately $214,000. Finally, Brown Advisory Inc. acquired a new position in Delphi Technologies in the 1st quarter valued at approximately $216,000. Hedge funds and other institutional investors own 82.84% of the company’s stock.
NYSE DLPH traded down $0.50 during trading on Wednesday, reaching $21.41. The company’s stock had a trading volume of 897,833 shares, compared to its average volume of 2,215,627. The company has a quick ratio of 1.18, a current ratio of 1.59 and a debt-to-equity ratio of 4.68. The company has a market capitalization of $1.95 billion and a P/E ratio of 4.16. Delphi Technologies has a 12 month low of $20.24 and a 12 month high of $60.39.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Tuesday, November 6th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Monday, November 5th. Delphi Technologies’s dividend payout ratio is 13.20%.
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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