Revenue Update on Delphi Automotive PLC(NYSE:DLPH)

Delphi Automotive PLC(NYSE:DLPH) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $4.21B. Analysts estimated a revenue of $4.22B. Earnings per share were $1.59. Analysts had estimated an EPS of $1.55.

In a different note, Piper Jaffray said it Initiates Coverage on Delphi Automotive PLC, according to a research note issued on Jun 9, 2016. The shares have been rated ‘Overweight’ by the firm. On Jun 6, 2016, Goldman Sachs said it Maintains its rating on Delphi Automotive PLC. In the research note, the firm Lowers the price-target to $130.00 per share. The shares have been rated ‘Buy’ by the firm.

Delphi Automotive PLC (DLPH) shares turned negative on Fridays trading session with the shares closing down -1.37 points or -2.10% at a volume of 18,52,769. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $65.07. The peak price level was also seen at $65.07 while the days lowest was $63.69. Finally the shares closed at $63.98. The 52-week high of the shares is $88.8925 while the 52-week low is $55.59. According to the latest information available, the market cap of the company is $17,451 M.

Several Insider Transactions has been reported to the SEC. On Jun 23, 2016, James A Spencer (EVP, Operations) sold 56,493 shares at $70.05 per share price.Also, On Mar 16, 2016, Allan J Brazier (Chief Accounting Officer) sold 6,551 shares at $72.00 per share price.On Mar 16, 2016, David M Sherbin (SVP, GC & Secretary) sold 19,726 shares at $70.06 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.

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