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Delphi Automotive Announces New Addition to Its Management Team

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Price movement

Delphi Automotive (DLPH) has a market cap of $19.3 billion. It fell 0.83% to close at $70.07 per share on January 23, 2017. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -2.2%, 4.2%, and 4.0%, respectively, on the same day. DLPH is trading 0.87% above its 20-day moving average, 2.8% above its 50-day moving average, and 3.3% above its 200-day moving average.

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Related ETF and peers

The Vanguard Large-Cap ETF (VV) invests 0.09% of its holdings in Delphi Automotive. The YTD price movement of VV was 1.3% on January 23.

The market caps of Delphi Automotive’s competitors are as follows:

  • Autoliv (ALV) — $9.9 billion
  • Lear Corporation (LEA) — $9.9 billion
  • Visteon Corporation (VC) — $3.1 billion

Latest news on DLPH

Glen De Vos has been appointed to Delphi Automotive’s chief technology officer and senior vice president, effective March 1, 2017, and will report to Kevin Clark, the company’s president and chief executive officer. De Vos will take care of the innovation and global technologies.

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Performance of Delphi Automotive in 3Q16

Delphi Automotive (DLPH) reported net sales of $4.1 billion in 3Q16, a rise of 13.9% compared to its net sales of $3.6 billion in 3Q15. Sales in its Electrical/Electronic Architecture, Powertrain Systems, and Electronics & Safety segments rose 17.8%, 1.2%, and 14.2%, respectively, in 3Q16 compared to 3Q15. The company’s operating margin narrowed 150 basis points in 3Q16 compared to 3Q15.

Its net income and EPS (earnings per share) fell to $293.0 million and $1.07, respectively, in 3Q16, compared to $404.0 million and $1.42, respectively, in 3Q15. It reported adjusted EPS of $1.50 in 3Q16, a rise of 17.2% compared to 3Q15. Delphi’s cash and cash equivalents fell 26.2%, and its inventories rose 16.4% in 3Q16 compared to 4Q15.

Projections

Delphi Automotive (DLPH) has made the following projections for 2016:

  • revenues in the range of $16.4 billion–$16.5 billion
  • adjusted operating income in the range of $2.16 billion–$2.19 billion
  • adjusted EPS in the range of $6.00–$6.10

Now we’ll look at J&J Snack Foods (JJSF).

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