Analysts Anticipate Delphi Technologies PLC (NYSE:DLPH) Will Announce Earnings of $0.68 Per Share

Brokerages expect that Delphi Technologies PLC (NYSE:DLPH) will post earnings of $0.68 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Delphi Technologies’ earnings. The highest EPS estimate is $0.90 and the lowest is $0.56. Delphi Technologies posted earnings per share of $0.72 during the same quarter last year, which would suggest a negative year over year growth rate of 5.6%. The business is expected to announce its next earnings results on Wednesday, November 6th.

According to Zacks, analysts expect that Delphi Technologies will report full year earnings of $2.89 per share for the current fiscal year, with EPS estimates ranging from $2.66 to $3.12. For the next year, analysts forecast that the company will post earnings of $3.35 per share, with EPS estimates ranging from $2.90 to $3.98. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Delphi Technologies.

Delphi Technologies (NYSE:DLPH) last posted its earnings results on Thursday, August 1st. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.04). Delphi Technologies had a net margin of 4.72% and a return on equity of 59.52%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the company earned $1.29 EPS. The business’s quarterly revenue was down 9.0% compared to the same quarter last year.

Several research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Delphi Technologies from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Goldman Sachs Group upgraded shares of Delphi Technologies from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $25.00 to $24.00 in a research report on Thursday, June 13th. Cowen set a $26.00 target price on shares of Delphi Technologies and gave the stock a “buy” rating in a research report on Friday, July 19th. Credit Suisse Group initiated coverage on shares of Delphi Technologies in a report on Wednesday, June 26th. They issued a “neutral” rating and a $21.00 price target on the stock. Finally, Morgan Stanley set a $19.00 price target on shares of Delphi Technologies and gave the company a “hold” rating in a report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $27.86.

Institutional investors have recently bought and sold shares of the business. Weaver Consulting Group bought a new stake in shares of Delphi Technologies in the 1st quarter worth approximately $28,000. Gamco Investors INC. ET AL raised its holdings in shares of Delphi Technologies by 8.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 31,357 shares of the company’s stock worth $604,000 after purchasing an additional 2,325 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Delphi Technologies by 11.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 712,912 shares of the company’s stock worth $10,209,000 after purchasing an additional 73,317 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of Delphi Technologies in the 1st quarter worth approximately $2,928,000. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in shares of Delphi Technologies by 106.9% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 60,547 shares of the company’s stock worth $867,000 after purchasing an additional 31,285 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

NYSE DLPH traded up $0.14 during trading hours on Friday, hitting $15.28. 11,281 shares of the stock were exchanged, compared to its average volume of 1,299,277. The company has a market cap of $1.42 billion, a P/E ratio of 3.47, a price-to-earnings-growth ratio of 0.66 and a beta of 2.83. Delphi Technologies has a 12-month low of $13.18 and a 12-month high of $44.65. The stock has a 50-day moving average of $18.11. The company has a current ratio of 1.35, a quick ratio of 0.93 and a debt-to-equity ratio of 2.95.

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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Earnings History and Estimates for Delphi Technologies (NYSE:DLPH)

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