Delphi Technologies PLC (NYSE:DLPH) – Equities researchers at Jefferies Financial Group decreased their Q3 2019 earnings per share (EPS) estimates for Delphi Technologies in a research note issued to investors on Thursday, October 17th. Jefferies Financial Group analyst D. Kelley now anticipates that the company will post earnings of $0.55 per share for the quarter, down from their previous forecast of $0.57. Jefferies Financial Group also issued estimates for Delphi Technologies’ Q4 2019 earnings at $0.81 EPS, FY2019 earnings at $2.60 EPS, Q1 2020 earnings at $0.72 EPS, Q3 2020 earnings at $0.58 EPS, Q4 2020 earnings at $0.80 EPS and FY2020 earnings at $2.88 EPS.
A number of other equities research analysts also recently commented on the company. Cowen set a $26.00 target price on Delphi Technologies and gave the stock a “buy” rating in a research report on Friday, July 19th. Credit Suisse Group began coverage on Delphi Technologies in a research report on Wednesday, June 26th. They set a “neutral” rating and a $21.00 price objective on the stock. ValuEngine upgraded Delphi Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley set a $19.00 price objective on Delphi Technologies and gave the company a “hold” rating in a research report on Wednesday, June 26th. Finally, Guggenheim began coverage on Delphi Technologies in a research report on Tuesday, October 15th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. Delphi Technologies has a consensus rating of “Hold” and a consensus target price of $23.64.
NYSE:DLPH opened at $14.35 on Monday. The company has a current ratio of 1.35, a quick ratio of 0.93 and a debt-to-equity ratio of 2.95. The company has a market capitalization of $1.22 billion, a P/E ratio of 3.28, a P/E/G ratio of 0.59 and a beta of 2.94. Delphi Technologies has a 12 month low of $11.89 and a 12 month high of $26.82. The business’s 50-day moving average is $14.17 and its 200 day moving average is $17.57.
Delphi Technologies (NYSE:DLPH) last posted its earnings results on Thursday, August 1st. The company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.04). The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Delphi Technologies had a return on equity of 59.52% and a net margin of 4.72%. Delphi Technologies’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.29 earnings per share.
In other news, CAO Allan J. Brazier sold 4,752 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $90.00, for a total value of $427,680.00. Following the sale, the chief accounting officer now directly owns 21,050 shares in the company, valued at $1,894,500. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Joseph R. Massaro sold 2,800 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $89.56, for a total value of $250,768.00. Following the completion of the sale, the chief financial officer now owns 118,335 shares in the company, valued at $10,598,082.60. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Price Wealth Management Inc. purchased a new stake in shares of Delphi Technologies in the second quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. purchased a new stake in shares of Delphi Technologies in the second quarter worth approximately $47,000. US Bancorp DE raised its holdings in shares of Delphi Technologies by 32.7% in the second quarter. US Bancorp DE now owns 4,847 shares of the company’s stock worth $97,000 after buying an additional 1,195 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Delphi Technologies by 463.8% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,790 shares of the company’s stock worth $115,000 after buying an additional 4,763 shares during the period. Finally, First Mercantile Trust Co. purchased a new stake in shares of Delphi Technologies in the second quarter worth approximately $139,000. Hedge funds and other institutional investors own 86.31% of the company’s stock.
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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