Equities analysts expect Delta Air Lines, Inc. (NYSE:DAL) to announce $1.03 earnings per share for the current quarter, according to Zacks. Five analysts have made estimates for Delta Air Lines’ earnings. The highest EPS estimate is $1.08 and the lowest is $0.98. Delta Air Lines reported earnings per share of $0.82 in the same quarter last year, which would indicate a positive year-over-year growth rate of 25.6%. The company is scheduled to issue its next quarterly earnings results on Thursday, January 11th.
According to Zacks, analysts expect that Delta Air Lines will report full-year earnings of $5.01 per share for the current fiscal year, with EPS estimates ranging from $4.95 to $5.06. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.48 per share, with EPS estimates ranging from $4.66 to $5.90. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Delta Air Lines.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.04. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The business had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $11.03 billion. During the same quarter last year, the firm posted $1.70 EPS. Delta Air Lines’s revenue was up 5.5% compared to the same quarter last year.
Several analysts recently issued reports on the stock. BidaskClub downgraded shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Barclays PLC assumed coverage on shares of Delta Air Lines in a research report on Thursday, August 10th. They issued an “overweight” rating and a $70.00 price target for the company. Morgan Stanley reissued an “overweight” rating on shares of Delta Air Lines in a research report on Tuesday, September 12th. UBS AG reaffirmed a “buy” rating and set a $62.00 price objective (down from $65.00) on shares of Delta Air Lines in a report on Saturday, September 30th. Finally, Zacks Investment Research raised shares of Delta Air Lines from a “sell” rating to a “hold” rating in a report on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $64.16.
Delta Air Lines (NYSE DAL) traded down $0.30 during midday trading on Friday, reaching $48.89. 7,048,300 shares of the company traded hands, compared to its average volume of 7,907,556. Delta Air Lines has a twelve month low of $43.81 and a twelve month high of $55.75. The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The firm has a market cap of $35,071.15, a P/E ratio of 10.25, a P/E/G ratio of 1.49 and a beta of 1.28.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Thursday, November 16th. Delta Air Lines’s payout ratio is 24.50%.
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In related news, EVP Joanne D. Smith sold 33,863 shares of the business’s 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 legal filing with the SEC, which is available through this link. Also, insider Steven M. Sear sold 6,898 shares of the business’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $53.01, for a total value of $365,662.98. The disclosure for this sale can be found here. Insiders have sold a total of 200,001 shares of company stock worth $10,630,333 over the last quarter. Company insiders own 0.37% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. FNY Managed Accounts LLC bought a new stake in Delta Air Lines in the 1st quarter valued at about $100,000. Mountain Capital Investment Advisors Inc bought a new stake in Delta Air Lines in the 2nd quarter valued at about $114,000. BB&T Investment Services Inc. bought a new stake in Delta Air Lines in the 2nd quarter valued at about $128,000. Bessemer Group Inc. raised its stake in Delta Air Lines by 104.3% in the 2nd quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 1,298 shares during the period. Finally, Advisory Services Network LLC raised its stake in Delta Air Lines by 3.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 87.61% of the company’s stock.
About Delta Air Lines
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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