Delta Air Lines, Inc. (NYSE:DAL) – Investment analysts at Imperial Capital cut their FY2017 earnings per share estimates for Delta Air Lines in a research note issued on Tuesday, Zacks Investment Research reports. Imperial Capital analyst M. Derchin now anticipates that the transportation company will earn $4.86 per share for the year, down from their previous estimate of $4.92. Imperial Capital has a “Outperform” rating and a $65.00 price target on the stock. Imperial Capital also issued estimates for Delta Air Lines’ Q4 2017 earnings at $0.89 EPS.
Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The business’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 earnings per share.
A number of other analysts have also weighed in on the stock. Sanford C. Bernstein set a $67.00 price objective on shares of Delta Air Lines and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Stephens reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Delta Air Lines in a research note on Wednesday, January 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 price objective (up from $75.00) on shares of Delta Air Lines in a research note on Wednesday, January 10th. Vetr raised shares of Delta Air Lines from a “strong sell” rating to a “sell” rating and set a $49.97 price objective for the company in a research note on Wednesday, January 3rd. Finally, Cowen upped their price objective on shares of Delta Air Lines from $62.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, December 15th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $65.53.
Shares of Delta Air Lines (NYSE:DAL) traded down $0.35 on Wednesday, hitting $56.42. 5,492,323 shares of the stock were exchanged, compared to its average volume of 8,860,000. The stock has a market capitalization of $40,230.00, a price-to-earnings ratio of 11.42, a P/E/G ratio of 0.75 and a beta of 1.30. Delta Air Lines has a 1 year low of $43.81 and a 1 year high of $60.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.42 and a quick ratio of 0.35.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Delta Air Lines by 0.6% during 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 acquiring an additional 274,997 shares in the last quarter. Boston Partners increased its holdings in shares of Delta Air Lines by 9.4% during the fourth quarter. Boston Partners now owns 8,484,965 shares of the transportation company’s stock valued at $475,158,000 after acquiring an additional 726,075 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Delta Air Lines by 3.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,821,694 shares of the transportation company’s stock worth $377,169,000 after buying an additional 250,731 shares during the period. TIAA CREF Investment Management LLC increased its holdings in Delta Air Lines by 77.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,364,934 shares of the transportation company’s stock worth $288,312,000 after buying an additional 2,343,531 shares during the period. Finally, APG Asset Management N.V. increased its holdings in Delta Air Lines by 12.3% in the 3rd quarter. APG Asset Management N.V. now owns 4,100,199 shares of the transportation company’s stock worth $197,712,000 after buying an additional 449,700 shares during the period. Hedge funds and other institutional investors own 85.04% of the company’s stock.
In other news, CEO Edward H. Bastian sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $52.79, for a total transaction of $1,055,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Glen W. Hauenstein sold 31,600 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $55.83, for a total transaction of $1,764,228.00. Following the transaction, the president now owns 204,018 shares in the company, valued at approximately $11,390,324.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 354,447 shares of company stock worth $20,087,153. Corporate insiders own 0.37% of the company’s stock.
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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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