Q3 2019 EPS Estimates for Delphi Technologies PLC Reduced by Jefferies Financial Group (NYSE:DLPH)

Delphi Technologies PLC (NYSE:DLPH) – Research analysts at Jefferies Financial Group decreased their Q3 2019 earnings estimates for shares of Delphi Technologies in a research report issued on Thursday, October 17th. Jefferies Financial Group analyst D. Kelley now anticipates that the company will earn $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.

Delphi Technologies (NYSE:DLPH) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.04). The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. Delphi Technologies had a net margin of 4.72% and a return on equity of 59.52%. Delphi Technologies’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 EPS.

A number of other analysts have also recently issued reports on DLPH. Credit Suisse Group started coverage on Delphi Technologies in a research report on Wednesday, June 26th. They set a “neutral” rating and a $21.00 price objective for the company. 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. UBS Group reduced their price objective on Delphi Technologies from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Guggenheim started coverage on Delphi Technologies in a research report on Tuesday, October 15th. They set a “neutral” rating for the company. Finally, Cowen set a $26.00 price objective on Delphi Technologies and gave the company a “buy” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. Delphi Technologies presently has a consensus rating of “Hold” and an average target price of $23.64.

DLPH opened at $13.98 on Monday. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 3.19, a PEG ratio of 0.60 and a beta of 2.94. Delphi Technologies has a 1 year low of $11.89 and a 1 year high of $26.82. 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 stock has a fifty day moving average price of $14.11 and a 200 day moving average price of $17.71.

Several institutional investors have recently bought and sold shares of DLPH. Price Wealth Management Inc. bought a new position in Delphi Technologies during the second quarter valued at about $38,000. Nomura Asset Management Co. Ltd. bought a new position in Delphi Technologies during the second quarter valued at about $47,000. US Bancorp DE increased its stake in Delphi Technologies by 32.7% during the second quarter. US Bancorp DE now owns 4,847 shares of the company’s stock valued at $97,000 after acquiring an additional 1,195 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in Delphi Technologies by 463.8% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,790 shares of the company’s stock valued at $115,000 after acquiring an additional 4,763 shares during the period. Finally, First Mercantile Trust Co. bought a new position in Delphi Technologies during the second quarter valued at about $139,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

In other Delphi Technologies news, CAO Allan J. Brazier sold 4,752 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $90.00, for a total transaction of $427,680.00. Following the transaction, the chief accounting officer now directly owns 21,050 shares in the company, valued at $1,894,500. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Joseph R. Massaro sold 2,800 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $89.56, for a total value of $250,768.00. Following the transaction, 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. 0.21% of the stock is owned by company insiders.

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

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