Delta Air Lines, Inc. (NYSE:DAL) – Equities researchers at Imperial Capital raised their FY2017 earnings per share estimates for Delta Air Lines in a report released on Thursday. Imperial Capital analyst M. Derchin now forecasts that the transportation company will post earnings per share of $5.05 for the year, up from their prior estimate of $5.02. Imperial Capital has a “Outperform” rating and a $63.00 price target on the stock. Imperial Capital also issued estimates for Delta Air Lines’ FY2018 earnings at $5.75 EPS and FY2019 earnings at $2.50 EPS.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.04. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The firm had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $11.03 billion. During the same period last year, the company earned $1.70 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. WARNING: This news story was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://www.dispatchtribunal.com/2017/10/27/fy2017-eps-estimates-for-delta-air-lines-inc-boosted-by-imperial-capital-dal.html.
A number of other brokerages have also recently weighed in on DAL. Deutsche Bank AG restated a “buy” rating and set a $62.00 price objective (up from $58.00) on shares of Delta Air Lines in a research note on Friday, July 14th. Zacks Investment Research cut Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 21st. J P Morgan Chase & Co restated an “overweight” rating and set a $63.00 price objective (down from $67.00) on shares of Delta Air Lines in a research note on Wednesday, September 27th. Vetr upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 price objective for the company in a research note on Tuesday, July 25th. Finally, Cowen and Company restated a “buy” rating and set a $60.00 price objective on shares of Delta Air Lines in a research note on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $63.84.
Shares of Delta Air Lines (DAL) traded up 0.25% during trading on Monday, hitting $52.89. The stock had a trading volume of 730,981 shares. The stock has a 50-day moving average price of $49.03 and a 200 day moving average price of $49.55. Delta Air Lines has a 12 month low of $39.05 and a 12 month high of $55.75. The company has a market cap of $38.50 billion, a P/E ratio of 10.48 and a beta of 1.24.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Delta Air Lines by 2,951.4% in the first quarter. BlackRock Inc. now owns 45,260,856 shares of the transportation company’s stock valued at $2,080,189,000 after purchasing an additional 43,777,555 shares during the period. Vanguard Group Inc. increased its holdings in shares of Delta Air Lines by 0.6% in the second quarter. Vanguard Group Inc. now owns 44,951,865 shares of the transportation company’s stock valued at $2,415,714,000 after purchasing an additional 274,997 shares during the period. Lansdowne Partners UK LLP increased its holdings in shares of Delta Air Lines by 7.3% in the first quarter. Lansdowne Partners UK LLP now owns 28,103,972 shares of the transportation company’s stock valued at $1,291,656,000 after purchasing an additional 1,918,036 shares during the period. Primecap Management Co. CA increased its holdings in shares of Delta Air Lines by 9.3% in the first quarter. Primecap Management Co. CA now owns 22,713,894 shares of the transportation company’s stock valued at $1,043,931,000 after purchasing an additional 1,930,614 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of Delta Air Lines by 15.8% in the first quarter. AQR Capital Management LLC now owns 9,571,378 shares of the transportation company’s stock valued at $439,900,000 after purchasing an additional 1,308,115 shares during the period. 86.22% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Joanne D. Smith sold 33,863 shares of the stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $53.61, for a total value of $1,815,395.43. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Edward H. Bastian sold 159,240 shares of the stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $53.06, for a total value of $8,449,274.40. The disclosure for this sale can be found here. Over the last three months, insiders bought 75,000 shares of company stock worth $278,160 and sold 200,001 shares worth $10,630,333. 0.37% of the stock is currently owned by corporate insiders.
Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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