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Delphi Automotive PLC (DLPH) to Release Earnings on Wednesday

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Delphi Automotive PLC logoDelphi Automotive PLC (NASDAQ:DLPH) will be issuing its Q2 2013 quarterly earnings data before the market opens on Wednesday, July 31st. Parties that wish to listen to the company’s conference call can do so using this link.

Delphi Automotive PLC (NASDAQ:DLPH) last released its earnings data on Wednesday, May 1st. The company reported $1.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.95 by $0.12. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter last year, the company posted $1.04 earnings per share. Delphi Automotive PLC’s revenue was down 1.7% compared to the same quarter last year. Delphi Automotive PLC has set its Q2 guidance at $1.05-1.15 EPS and its FY13 guidance at $4.15-4.41 EPS. On average, analysts expect Delphi Automotive PLC to post $4.37 EPS for the current fiscal year and $4.99 EPS for the next fiscal year.

Shares of Delphi Automotive PLC (NASDAQ: DLPH) opened at 55.20 on Tuesday. Delphi Automotive PLC has a 52 week low of $27.44 and a 52 week high of $55.80. The stock’s 50-day moving average is currently $52.61. The company has a market cap of $17.258 billion and a P/E ratio of 17.45.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 29th. Investors of record on Friday, August 16th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Wednesday, August 14th.

A number of analysts have recently weighed in on DLPH shares. Analysts at Wells Fargo & Co. initiated coverage on shares of Delphi Automotive PLC in a research note to investors on Friday. They set an “outperform” rating on the stock. On a related note, analysts at Goldman Sachs Group Inc. downgraded shares of Delphi Automotive PLC from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, July 16th. They now have a $58.00 price target on the stock, up previously from $57.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Delphi Automotive PLC in a research note to investors on Monday, July 8th. They now have a $65.00 price target on the stock, up previously from $54.00.

Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $52.50.

Delphi Automotive PLC (NASDAQ: DLPH) is a global vehicle components manufacturer and provides electrical and electronic, powertrain, safety and thermal technology solutions to the global automotive and commercial vehicle markets.


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