Delphi Technologies, Inc (NYSE:DLPH) – Analysts at Piper Jaffray increased their Q2 2018 earnings estimates for Delphi Technologies in a report issued on Thursday, May 17th. Piper Jaffray analyst A. Potter now expects that the company will post earnings of $1.27 per share for the quarter, up from their previous forecast of $1.19. Piper Jaffray also issued estimates for Delphi Technologies’ Q3 2018 earnings at $1.14 EPS, Q4 2018 earnings at $1.20 EPS, FY2018 earnings at $4.93 EPS, Q1 2019 earnings at $1.31 EPS, Q2 2019 earnings at $1.34 EPS, Q3 2019 earnings at $1.29 EPS and Q4 2019 earnings at $1.38 EPS.
Delphi Technologies (NYSE:DLPH) last issued its earnings results on Wednesday, May 9th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.14. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.24 billion. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm posted $1.59 earnings per share.
DLPH has been the subject of several other reports. Robert W. Baird reaffirmed an “outperform” rating and issued a $67.00 target price (up from $64.00) on shares of Delphi Technologies in a report on Thursday, February 22nd. Zacks Investment Research cut shares of Delphi Technologies from a “buy” rating to a “hold” rating in a report on Monday, March 26th. Cowen began coverage on shares of Delphi Technologies in a report on Monday, April 16th. They issued an “outperform” rating and a $64.00 target price for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Delphi Technologies in a report on Wednesday, February 28th. Finally, Deutsche Bank lifted their target price on shares of Delphi Technologies from $56.00 to $59.00 and gave the stock a “hold” rating in a report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Delphi Technologies has an average rating of “Buy” and a consensus price target of $61.22.
Shares of Delphi Technologies stock opened at $52.58 on Friday. The company has a debt-to-equity ratio of 4.99, a current ratio of 1.53 and a quick ratio of 1.15. The stock has a market capitalization of $4.65 billion and a price-to-earnings ratio of 10.21. Delphi Technologies has a 52-week low of $38.00 and a 52-week high of $60.39.
Several hedge funds have recently made changes to their positions in DLPH. Standard Life Aberdeen plc grew its stake in shares of Delphi Technologies by 1,931.6% in the fourth quarter. Standard Life Aberdeen plc now owns 1,422,321 shares of the company’s stock worth $74,629,000 after acquiring an additional 1,352,310 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of Delphi Technologies by 63.6% in the first quarter. Artisan Partners Limited Partnership now owns 2,857,033 shares of the company’s stock worth $136,138,000 after acquiring an additional 1,110,393 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of Delphi Technologies by 342.5% in the first quarter. Wedge Capital Management L L P NC now owns 1,429,319 shares of the company’s stock worth $68,107,000 after acquiring an additional 1,106,322 shares during the period. Westfield Capital Management Co. LP grew its stake in shares of Delphi Technologies by 69.2% in the first quarter. Westfield Capital Management Co. LP now owns 1,630,056 shares of the company’s stock worth $77,672,000 after acquiring an additional 666,455 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of Delphi Technologies by 459.4% in the first quarter. Victory Capital Management Inc. now owns 689,585 shares of the company’s stock worth $32,859,000 after acquiring an additional 566,310 shares during the period. Hedge funds and other institutional investors own 83.84% of the company’s stock.
In other news, SVP David Paja sold 6,287 shares of Delphi Technologies stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $92.08, for a total value of $578,906.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robin J. Adams purchased 2,000 shares of Delphi Technologies stock in a transaction dated Friday, May 11th. The stock was bought at an average price of $49.90 per share, with a total value of $99,800.00. The disclosure for this purchase can be found here. Insiders own 0.12% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 16th. Stockholders of record on Tuesday, May 8th were paid a $0.17 dividend. The ex-dividend date was Monday, May 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.29%. 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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