Brokerages Expect Delphi Technologies PLC (DLPH) Will Post Earnings of $0.92 Per Share

Brokerages predict that Delphi Technologies PLC (NYSE:DLPH) will report earnings per share (EPS) of $0.92 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Delphi Technologies’ earnings, with estimates ranging from $0.88 to $0.96. Delphi Technologies reported earnings of $1.24 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 25.8%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 20th.

On average, analysts expect that Delphi Technologies will report full year earnings of $4.24 per share for the current year, with EPS estimates ranging from $4.20 to $4.27. For the next year, analysts forecast that the firm will report earnings of $3.34 per share, with EPS estimates ranging from $3.19 to $3.60. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Delphi Technologies.

Delphi Technologies (NYSE:DLPH) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Delphi Technologies had a return on equity of 132.68% and a net margin of 5.61%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.25 earnings per share.

A number of research firms have recently weighed in on DLPH. Robert W. Baird reduced their price target on shares of Delphi Technologies from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, October 8th. Zacks Investment Research downgraded shares of Delphi Technologies from a “hold” rating to a “sell” rating in a research note on Monday, July 30th. Wells Fargo & Co reduced their price target on shares of Delphi Technologies from $33.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday, November 8th. Bank of America upgraded shares of Delphi Technologies from an “underperform” rating to a “neutral” rating and set a $36.00 price target on the stock in a research note on Tuesday, October 23rd. Finally, Wolfe Research began coverage on shares of Delphi Technologies in a research note on Tuesday, October 2nd. They issued a “peer perform” rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $36.79.

In other Delphi Technologies news, Director Robin J. Adams bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The shares were acquired at an average cost of $16.79 per share, for a total transaction of $83,950.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Joseph R. Massaro sold 2,800 shares of Delphi Technologies stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $86.24, for a total transaction of $241,472.00. Following the sale, the chief financial officer now owns 91,734 shares in the company, valued at $7,911,140.16. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Delphi Technologies by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 7,909,445 shares of the company’s stock worth $248,041,000 after buying an additional 245,516 shares during the period. Morgan Stanley boosted its position in Delphi Technologies by 235.1% during the 3rd quarter. Morgan Stanley now owns 913,552 shares of the company’s stock worth $28,649,000 after buying an additional 640,937 shares during the period. Rehmann Capital Advisory Group boosted its position in Delphi Technologies by 4,307.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 4,892 shares of the company’s stock worth $156,000 after buying an additional 4,781 shares during the period. Nordea Investment Management AB bought a new position in Delphi Technologies during the 3rd quarter worth approximately $7,290,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in Delphi Technologies by 100.0% during the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 300,000 shares of the company’s stock worth $9,408,000 after purchasing an additional 150,000 shares during the last quarter. Institutional investors and hedge funds own 81.70% of the company’s stock.

Shares of Delphi Technologies stock opened at $17.45 on Friday. The stock has a market cap of $1.54 billion and a price-to-earnings ratio of 3.39. The company has a debt-to-equity ratio of 4.09, a quick ratio of 1.11 and a current ratio of 1.55. Delphi Technologies has a 12-month low of $16.13 and a 12-month high of $60.39.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Investors of record on Tuesday, November 6th were given a dividend of $0.17 per share. The ex-dividend date was Monday, November 5th. This represents a $0.68 annualized dividend and a yield of 3.90%. Delphi Technologies’s dividend payout ratio is presently 13.20%.

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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