Delphi Automotive PLC (DLPH) Releases Earnings Results, Beats Expectations By $0.02 EPS

Delphi Automotive PLC (DLPH) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $1.36 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $1.34. The company posted revenue of $4051.00 million in the period, compared to analysts expectations of $4095.54 million. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 EPS.

Many Wall Street Analysts have commented on Delphi Automotive PLC. Shares were Reiterated by RBC Capital Mkts on Apr 14, 2016 to “Outperform” and Lowered the Price Target to $ 81 from a previous price target of $82 .UBS Upgraded Delphi Automotive PLC on Mar 15, 2016 to ” Buy”, Price Target of the shares are set at $88.Shares were Reiterated by RBC Capital Mkts on Feb 5, 2016 to “Outperform” and Lowered the Price Target to $ 76 from a previous price target of $84 .

Delphi Automotive PLC opened for trading at $74.07 and hit $74.07 on the upside on Monday, eventually ending the session at $73.71, with a gain of 0.11% or 0.08 points. The heightened volatility saw the trading volume jump to 20,82,971 shares. Company has a market cap of $20,457 M.

In a different news, on Mar 16, 2016, Allan J Brazier (Chief Accounting Officer) sold 6,551 shares at $72.00 per share price. According to the SEC, on Mar 16, 2016, David M Sherbin (SVP, GC & Secretary) sold 19,726 shares at $70.06 per share price. On Mar 16, 2016, James A Spencer (EVP, Operations) sold 23,211 shares at $69.59 per share price, according to the Form-4 filing with the securities and exchange commission.

Delphi Automotive PLC is a vehicle components manufacturer. The Company provides electrical and electronic powertrain and safety solutions to the automotive and commercial vehicle markets. The Company operates through three segments: Electrical/Electronic Architecture; Powertrain Systems and Electronics and Safety. The Company’s Electrical/Electronic Architecture segment provides design of the vehicle’s electrical architecture including connectors wiring assemblies and harnesses electrical centers and hybrid high voltage among others. Its Powertrain Systems segment provides systems integration of gasoline and diesel engine management systems. Its Electronics and Safety segment provides components systems and software for passenger safety security and infotainment as well as vehicle operation including body controls reception systems infotainment and connectivity systems hybrid vehicle power electronics passive and active safety electronics displays and mechatronics.

Delphi Automotive PLC

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