Delphi Technologies PLC (DLPH) Expected to Announce Quarterly Sales of $1.14 Billion

Wall Street brokerages expect Delphi Technologies PLC (NYSE:DLPH) to post sales of $1.14 billion for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Delphi Technologies’ earnings. The lowest sales estimate is $1.08 billion and the highest is $1.21 billion. The firm is expected to report its next earnings results before the market opens on Wednesday, November 7th.

On average, analysts expect that Delphi Technologies will report full year sales of $4.90 billion for the current financial year, with estimates ranging from $4.83 billion to $5.05 billion. For the next financial year, analysts forecast that the firm will report sales of $4.95 billion, with estimates ranging from $4.83 billion to $5.20 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Delphi Technologies.

Delphi Technologies (NYSE:DLPH) last released its earnings results on Wednesday, November 7th. The company reported $0.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.01). The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 EPS.

A number of equities research analysts have commented on DLPH shares. Bank of America raised Delphi Technologies from an “underperform” rating to a “neutral” rating and set a $36.00 price target on the stock in a report on Tuesday, October 23rd. Morgan Stanley cut Delphi Technologies from an “overweight” rating to an “equal weight” rating and set a $30.00 price target on the stock. in a report on Monday, October 15th. Goldman Sachs Group cut Delphi Technologies from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a report on Thursday, October 11th. Buckingham Research set a $27.00 price target on Delphi Technologies and gave the company a “hold” rating in a report on Monday, October 8th. Finally, Robert W. Baird decreased their price target on Delphi Technologies from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, October 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $45.00.

NYSE DLPH traded down $1.47 on Friday, hitting $20.20. 4,923,422 shares of the company traded hands, compared to its average volume of 1,103,021. The company has a market capitalization of $1.95 billion and a PE ratio of 3.92. The company has a debt-to-equity ratio of 4.68, a quick ratio of 1.18 and a current ratio of 1.59. Delphi Technologies has a 52-week low of $18.67 and a 52-week high of $60.39.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Tuesday, November 6th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, November 5th. This represents a $0.68 annualized dividend and a dividend yield of 3.37%. Delphi Technologies’s dividend payout ratio (DPR) is 13.20%.

In other news, Director Frank J. Dellaquila bought 750 shares of Delphi Technologies stock in a transaction dated Thursday, August 23rd. The shares were purchased at an average cost of $89.00 per share, with a total value of $66,750.00. Following the completion of the acquisition, the director now owns 4,818 shares of the company’s stock, valued at approximately $428,802. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Susan M. Suver sold 1,174 shares of Delphi Technologies stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $95.00, for a total value of $111,530.00. Following the completion of 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. Insiders own 0.12% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Artisan Partners Limited Partnership grew its position in Delphi Technologies by 50.5% in the second quarter. Artisan Partners Limited Partnership now owns 4,301,033 shares of the company’s stock worth $195,525,000 after acquiring an additional 1,444,000 shares in the last quarter. Bank of New York Mellon Corp grew its position in Delphi Technologies by 30.9% in the second quarter. Bank of New York Mellon Corp now owns 3,997,567 shares of the company’s stock worth $181,729,000 after acquiring an additional 943,977 shares in the last quarter. Millennium Management LLC grew its position in Delphi Technologies by 66.1% in the second quarter. Millennium Management LLC now owns 1,115,230 shares of the company’s stock worth $50,698,000 after acquiring an additional 443,654 shares in the last quarter. Wells Fargo & Company MN grew its position in Delphi Technologies by 149.7% in the third quarter. Wells Fargo & Company MN now owns 529,343 shares of the company’s stock worth $16,601,000 after acquiring an additional 317,372 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Delphi Technologies by 146.9% in the first quarter. Dimensional Fund Advisors LP now owns 474,812 shares of the company’s stock worth $22,625,000 after acquiring an additional 282,515 shares in the last quarter. 82.84% of the stock is currently owned by hedge funds and other 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.

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