Delphi Technologies (DLPH) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Delphi Technologies (NYSE:DLPH) posted its quarterly earnings results on Wednesday. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01), Briefing.com reports. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 earnings per share. Delphi Technologies updated its FY18 guidance to $4.20-4.30 EPS.

DLPH stock opened at $20.52 on Thursday. The company has a market capitalization of $1.92 billion and a PE ratio of 3.98. Delphi Technologies has a 12 month low of $18.67 and a 12 month high of $60.39. 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 also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Tuesday, November 6th will be given a $0.17 dividend. The ex-dividend date is Monday, November 5th. This represents a $0.68 annualized dividend and a dividend yield of 3.31%. Delphi Technologies’s dividend payout ratio is presently 13.20%.

A number of research analysts have issued reports on the stock. Oppenheimer raised shares of Delphi Technologies from a “market perform” rating to an “outperform” rating and set a $53.00 target price for the company in a report on Monday, July 23rd. Robert W. Baird dropped their target price 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. Zacks Investment Research cut shares of Delphi Technologies from a “hold” rating to a “sell” rating in a report on Monday, July 30th. Bank of America raised shares of Delphi Technologies from an “underperform” rating to a “neutral” rating and set a $36.00 target price for the company in a report on Tuesday, October 23rd. Finally, Wolfe Research assumed coverage on shares of Delphi Technologies in a report on Tuesday, October 2nd. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.00.

In other news, SVP Susan M. Suver sold 1,174 shares of the 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 sale, the senior vice president now directly owns 62,268 shares in the company, valued at $5,915,460. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank J. Dellaquila purchased 750 shares of the stock in a transaction dated Thursday, August 23rd. The stock was acquired at an average price of $89.00 per share, for a total transaction of $66,750.00. Following the completion of the transaction, the director now directly owns 4,818 shares of the company’s stock, valued at $428,802. The disclosure for this purchase can be found here. 0.12% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. WINTON GROUP Ltd boosted its position in Delphi Technologies by 66.1% during the second quarter. WINTON GROUP Ltd now owns 199,566 shares of the company’s stock worth $9,072,000 after acquiring an additional 79,404 shares during the last quarter. Signition LP acquired a new stake in Delphi Technologies during the second quarter worth approximately $205,000. HM Payson & Co. acquired a new stake in Delphi Technologies during the second quarter worth approximately $595,000. Cubist Systematic Strategies LLC boosted its position in Delphi Technologies by 354.0% during the second quarter. Cubist Systematic Strategies LLC now owns 21,708 shares of the company’s stock worth $987,000 after acquiring an additional 16,926 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Delphi Technologies during the second quarter worth approximately $457,000. Institutional investors and hedge funds own 82.84% of the company’s stock.

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Delphi Technologies Company Profile

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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