Delphi Automotive PLC (DLPH) Issues FY17 Earnings Guidance

Delphi Automotive PLC (NYSE:DLPH) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $6.40-6.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.44. The company issued revenue guidance of $16.5-16.9 billion, compared to the consensus revenue estimate of $16.96 billion.Delphi Automotive PLC also updated its Q1 guidance to $1.40-1.50 EPS.

Several research analysts recently commented on the stock. RBC Capital Markets reiterated a buy rating and issued a $87.00 target price (up previously from $83.00) on shares of Delphi Automotive PLC in a report on Thursday. Royal Bank Of Canada lifted their target price on shares of Delphi Automotive PLC from $83.00 to $87.00 and gave the stock an outperform rating in a report on Friday. Wells Fargo Company reiterated an outperform rating and issued a $84.00 target price (up previously from $80.00) on shares of Delphi Automotive PLC in a report on Friday. They noted that the move was a valuation call. Barclays PLC dropped their target price on shares of Delphi Automotive PLC from $85.00 to $84.00 and set an overweight rating on the stock in a report on Thursday, January 12th. Finally, Jefferies Group LLC lifted their target price on shares of Delphi Automotive PLC from $80.00 to $86.00 and gave the stock a buy rating in a report on Monday, January 30th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $82.06.

Delphi Automotive PLC (NYSE:DLPH) opened at 73.74 on Monday. The firm has a 50 day moving average of $69.94 and a 200-day moving average of $68.10. Delphi Automotive PLC has a 52 week low of $55.59 and a 52 week high of $78.00. The company has a market capitalization of $19.97 billion, a P/E ratio of 17.40 and a beta of 1.29.

Delphi Automotive PLC (NYSE:DLPH) last issued its quarterly earnings data on Thursday, February 2nd. The company reported $1.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.23. The company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.15 billion. Delphi Automotive PLC had a net margin of 7.54% and a return on equity of 61.96%. The company’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 earnings per share. On average, analysts forecast that Delphi Automotive PLC will post $6.06 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Monday, February 6th will be given a $0.29 dividend. The ex-dividend date is Thursday, February 2nd. This is a positive change from Delphi Automotive PLC’s previous quarterly dividend of $0.25. This represents a $1.16 annualized dividend and a dividend yield of 1.57%. Delphi Automotive PLC’s dividend payout ratio is presently 25.38%.

In related news, SVP Majdi Abulaban sold 12,854 shares of the company’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $67.35, for a total value of $865,716.90. Following the transaction, the senior vice president now directly owns 161,354 shares in the company, valued at $10,867,191.90. The transaction was disclosed in a filing with the Securities Exchange Commission, which is available at this hyperlink. Also, SVP Jugal K. Vijayvargiya sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of $65.00, for a total transaction of $650,000.00. Following the completion of the transaction, the senior vice president now owns 123,389 shares in the company, valued at $8,020,285. The disclosure for this sale can be found here. Insiders sold 37,354 shares of company stock worth $2,517,087 over the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Sprott Inc. acquired a new position in Delphi Automotive PLC during the second quarter valued at approximately $1,296,000. Allstate Corp acquired a new position in Delphi Automotive PLC during the second quarter valued at approximately $314,000. Franklin Resources Inc. increased its position in Delphi Automotive PLC by 49.0% in the second quarter. Franklin Resources Inc. now owns 3,359,570 shares of the company’s stock valued at $210,321,000 after buying an additional 1,104,766 shares during the period. Janney Montgomery Scott LLC acquired a new position in Delphi Automotive PLC during the second quarter valued at approximately $413,000. Finally, Comerica Bank increased its position in Delphi Automotive PLC by 2.2% in the second quarter. Comerica Bank now owns 123,923 shares of the company’s stock valued at $8,126,000 after buying an additional 2,639 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

About Delphi Automotive PLC

Delphi Automotive PLC is a vehicle components manufacturer. The Company operates through three segments: Electrical/Electronic Architecture; Powertrain Systems, and Electronics and Safety. It serves automotive and commercial vehicle markets. Its Electrical/Electronic Architecture segment includes electrical architecture and component products.

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