Analysts Anticipate Delphi Technologies PLC (DLPH) Will Announce Earnings of $0.99 Per Share

Equities analysts forecast that Delphi Technologies PLC (NYSE:DLPH) will report earnings per share (EPS) of $0.99 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Delphi Technologies’ earnings. The highest EPS estimate is $1.08 and the lowest is $0.92. The firm is scheduled to announce its next earnings report on Wednesday, November 14th.

According to Zacks, analysts expect that Delphi Technologies will report full-year earnings of $4.79 per share for the current fiscal year, with EPS estimates ranging from $4.73 to $4.87. For the next year, analysts anticipate that the firm will post earnings of $5.06 per share, with EPS estimates ranging from $4.65 to $5.31. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that that provide coverage for Delphi Technologies.

Delphi Technologies (NYSE:DLPH) last released its quarterly earnings results 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 firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.27 billion. The firm’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $1.35 earnings per share.

Several equities research analysts have weighed in on the stock. Morgan Stanley cut their target price on shares of Delphi Technologies from $55.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, August 13th. Zacks Investment Research cut shares of Delphi Technologies from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. Guggenheim reiterated a “buy” rating and set a $54.00 price objective on shares of Delphi Technologies in a research report on Thursday, August 9th. BMO Capital Markets set a $60.00 target price on shares of Delphi Technologies and gave the stock a “buy” rating in a report on Thursday, August 9th. Finally, Oppenheimer raised shares of Delphi Technologies from a “market perform” rating to an “outperform” rating and set a $53.00 price objective on the stock in a research note on Monday, July 23rd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Delphi Technologies has a consensus rating of “Buy” and a consensus target price of $55.27.

In other Delphi Technologies news, CFO Joseph R. Massaro sold 2,800 shares of the stock in a transaction on Friday, September 14th. The stock was sold at an average price of $86.24, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Frank J. Dellaquila bought 750 shares of Delphi Technologies stock in a transaction on 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 purchase, the director now owns 4,818 shares of the company’s stock, valued at $428,802. The disclosure for this purchase can be found here. Corporate insiders own 0.12% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of DLPH. Wells Fargo & Company MN increased its position in shares of Delphi Technologies by 28.1% in the first quarter. Wells Fargo & Company MN now owns 266,411 shares of the company’s stock valued at $12,695,000 after buying an additional 58,497 shares in the last quarter. Prudential Financial Inc. increased its holdings in Delphi Technologies by 38.2% during the 1st quarter. Prudential Financial Inc. now owns 77,899 shares of the company’s stock worth $3,712,000 after purchasing an additional 21,528 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Delphi Technologies by 9.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 456,840 shares of the company’s stock valued at $21,769,000 after acquiring an additional 37,707 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in shares of Delphi Technologies by 3,500.0% in the 1st quarter. Riverhead Capital Management LLC now owns 7,200 shares of the company’s stock valued at $343,000 after acquiring an additional 7,000 shares during the last quarter. Finally, Systematic Financial Management LP boosted its position in shares of Delphi Technologies by 2,698.3% in the 1st quarter. Systematic Financial Management LP now owns 252,431 shares of the company’s stock valued at $12,028,000 after purchasing an additional 243,410 shares during the period. 85.51% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE DLPH traded down $0.84 during mid-day trading on Thursday, hitting $33.33. 42,757 shares of the stock were exchanged, compared to its average volume of 1,038,054. The firm has a market cap of $3.15 billion and a price-to-earnings ratio of 6.54. The company has a current ratio of 1.59, a quick ratio of 1.18 and a debt-to-equity ratio of 4.68. Delphi Technologies has a twelve month low of $33.08 and a twelve month high of $60.39.

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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