Equities Analysts Offer Predictions for Delphi Technologies, Inc’s Q2 2018 Earnings (DLPH)

Delphi Technologies, Inc (NYSE:DLPH) – Stock analysts at Piper Jaffray lifted their Q2 2018 EPS estimates for Delphi Technologies in a report released on Thursday, May 17th. Piper Jaffray analyst A. Potter now expects that the company will post earnings per share of $1.27 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 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.59 earnings per share.

A number of other research firms also recently weighed in on DLPH. Morgan Stanley downgraded shares of Delphi Technologies from an “overweight” rating to an “equal weight” rating and set a $51.00 target price on the stock. in a research report on Thursday, March 22nd. Zacks Investment Research cut shares of Delphi Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, April 12th. Buckingham Research initiated coverage on shares of Delphi Technologies in a research note on Thursday, February 8th. They issued a “neutral” rating and a $58.00 price target on the stock. Guggenheim reiterated a “buy” rating and issued a $65.00 price target on shares of Delphi Technologies in a research note on Friday, February 23rd. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $70.00 price target on shares of Delphi Technologies in a research note on Tuesday, March 6th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Delphi Technologies presently has a consensus rating of “Buy” and an average price target of $61.22.

NYSE:DLPH opened at $52.38 on Friday. The stock has a market capitalization of $4.58 billion and a PE ratio of 10.17. The company has a current ratio of 1.53, a quick ratio of 1.15 and a debt-to-equity ratio of 4.99. Delphi Technologies has a 1-year low of $50.39 and a 1-year high of $50.96.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kendall Capital Management purchased a new stake in Delphi Technologies in the 4th quarter worth approximately $203,000. Perigon Wealth Management LLC purchased a new stake in Delphi Technologies in the 1st quarter worth approximately $197,000. Diamond Hill Capital Management Inc. purchased a new stake in Delphi Technologies in the 1st quarter worth approximately $218,000. Ninepoint Partners LP purchased a new stake in Delphi Technologies in the 1st quarter worth approximately $236,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in Delphi Technologies in the 4th quarter worth approximately $263,000. 83.84% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP David Paja sold 6,287 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $92.08, for a total transaction of $578,906.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy Manganello purchased 15,000 shares of Delphi Technologies stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average cost of $48.80 per share, with a total value of $732,000.00. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by corporate insiders.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 16th. Shareholders of record on Tuesday, May 8th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.30%. The ex-dividend date was Monday, May 7th. Delphi Technologies’s dividend payout ratio is currently 13.20%.

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.

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

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