Jefferies Group Comments on Delphi Automotive PLC’s FY2017 Earnings (APTV)
Delphi Automotive PLC (NYSE:APTV) – Analysts at Jefferies Group issued their FY2017 earnings per share (EPS) estimates for shares of Delphi Automotive in a research report issued on Monday. Jefferies Group analyst D. Kelley forecasts that the auto parts company will earn $4.29 per share for the year. Jefferies Group has a “Buy” rating and a $100.00 price objective on the stock. Jefferies Group also issued estimates for Delphi Automotive’s Q4 2017 earnings at $1.26 EPS, Q1 2018 earnings at $1.23 EPS, Q2 2018 earnings at $1.29 EPS, Q3 2018 earnings at $1.27 EPS, Q4 2018 earnings at $1.42 EPS, FY2018 earnings at $5.22 EPS, FY2019 earnings at $6.07 EPS and FY2020 earnings at $6.92 EPS.
Several other analysts also recently commented on APTV. Evercore ISI assumed coverage on Delphi Automotive in a research note on Wednesday, December 13th. They set an “outperform” rating and a $92.00 price objective for the company. Robert W. Baird reaffirmed an “outperform” rating and set a $128.00 price objective (up from $110.00) on shares of Delphi Automotive in a research note on Thursday, September 28th. They noted that the move was a valuation call. Wells Fargo & Company upped their price objective on Delphi Automotive from $105.00 to $109.00 and gave the company an “outperform” rating in a research note on Friday, September 29th. Zacks Investment Research downgraded Delphi Automotive from a “hold” rating to a “strong sell” rating in a research note on Monday, December 11th. Finally, UBS reaffirmed a “buy” rating and set a $102.00 price objective on shares of Delphi Automotive in a research note on Thursday, September 28th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $87.30.
Delphi Automotive (NYSE:APTV) last posted its quarterly earnings data on Thursday, November 2nd. The auto parts company reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.10. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.10 billion. Delphi Automotive had a return on equity of 57.92% and a net margin of 8.00%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.50 EPS.
The firm also recently announced a Not Available dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, February 2nd. Delphi Automotive’s dividend payout ratio (DPR) is 29.04%.
In other news, Director Frank J. Dellaquila acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was purchased at an average cost of $83.88 per share, with a total value of $83,880.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thomas W. Sidlik sold 8,475 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $103.19, for a total value of $874,535.25. Following the completion of the transaction, the director now directly owns 10,564 shares of the company’s stock, valued at $1,090,099.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,975 shares of company stock valued at $3,437,370. Company insiders own 0.31% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Jefferies Group Comments on Delphi Automotive PLC’s FY2017 Earnings (APTV)” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/12/20/jefferies-group-comments-on-delphi-automotive-plcs-fy2017-earnings-aptv.html.
About Delphi Automotive
Aptiv PLC, formerly Delphi Automotive PLC, is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, and Electronics & Safety.
Receive News & Ratings for Delphi Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delphi Automotive and related companies with MarketBeat.com's FREE daily email newsletter.