Delphi Automotive PLC shares gapped up before the market opened on Friday following a stronger than expected earnings report, AmericanBankingNews.com reports. The stock had previously closed at US$82.99, but opened at US$83.00. Delphi Automotive PLC shares last traded at US$83.63, with a volume of 1,170,421 shares traded.
The company reported US$1.21 earnings per share for the quarter, beating the analysts’ consensus estimate of US$1.17 by US$0.04. The company had revenue of US$2.80 billion for the quarter, compared to the consensus estimate of US$3.76 billion. During the same quarter last year, the company posted US$1.20 earnings per share. Delphi Automotive PLC’s revenue was down 2.6% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be given a dividend of US$0.25 per share. This represents a US$1.00 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Monday, May 11th.
A number of research firms have recently commented on DLPH. Analysts at JPMorgan Chase & Co. raised their price target on shares of Delphi Automotive PLC from US$93.00 to US$94.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Analysts at Barclays raised their price target on shares of Delphi Automotive PLC from US$88.00 to US$97.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Analysts at Morgan Stanley set a US$105.00 price target on shares of Delphi Automotive PLC and gave the company a “buy” rating in a research note on Monday, April 6th. Finally, analysts at Deutsche Bank raised their price target on shares of Delphi Automotive PLC from US$92.00 to US$94.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of US$89.00.
The stock’s 50-day moving average is US$81. and its 200-day moving average is US$74.. The company has a market cap of US$24.36 billion and a P/E ratio of 18.73.