Delta Air Lines (NYSE:DAL) announced its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.08, Bloomberg Earnings reports. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. Delta Air Lines’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 EPS. Delta Air Lines updated its Q1 guidance to $0.60-0.80 EPS and its FY18 guidance to $6.35-6.70 EPS.
Shares of Delta Air Lines (NYSE DAL) traded down $1.80 on Friday, hitting $54.62. 8,957,381 shares of the stock were exchanged, compared to its average volume of 8,750,000. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.42 and a quick ratio of 0.35. The stock has a market cap of $38,940.00, a P/E ratio of 11.06, a PEG ratio of 0.76 and a beta of 1.14. Delta Air Lines has a 1-year low of $43.81 and a 1-year high of $60.79.
In other news, EVP Peter W. Carter sold 19,809 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $50.42, for a total value of $998,769.78. Following the completion of the transaction, the executive vice president now owns 67,077 shares in the company, valued at approximately $3,382,022.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven M. Sear sold 10,783 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $56.05, for a total transaction of $604,387.15. The disclosure for this sale can be found here. Insiders sold a total of 354,447 shares of company stock valued at $20,087,153 in the last quarter. Insiders own 0.37% of the company’s stock.
A number of equities analysts have commented on DAL shares. 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 report on Wednesday, January 10th. Stephens restated a “buy” rating and set a $72.00 price objective on shares of Delta Air Lines in a research report on Wednesday, January 10th. Stifel Nicolaus restated a “buy” rating and set a $85.00 price objective (up previously from $75.00) on shares of Delta Air Lines in a research report on Wednesday, January 10th. Zacks Investment Research upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. 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 report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Delta Air Lines presently has a consensus rating of “Buy” and a consensus price target of $65.53.
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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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