Delta Air Lines (NYSE:DAL) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $6.35-6.70 for the period, compared to the Thomson Reuters consensus estimate of $6.32. Delta Air Lines also updated its Q1 guidance to $0.65-0.75 EPS.
Several research analysts have commented on the company. Stephens set a $67.00 price target on Delta Air Lines and gave the stock a buy rating in a research report on Monday, December 18th. Stifel Nicolaus reaffirmed a buy rating and set a $85.00 price target (up previously from $75.00) on shares of Delta Air Lines in a research report on Wednesday, January 10th. Vetr lowered Delta Air Lines from a sell rating to a strong sell rating and set a $45.16 target price on the stock. in a report on Wednesday, November 29th. Cowen boosted their target price on Delta Air Lines from $62.00 to $66.00 and gave the company an outperform rating in a report on Friday, December 15th. Finally, Zacks Investment Research raised Delta Air Lines from a hold rating to a buy rating and set a $59.00 target price on the stock in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. Delta Air Lines currently has an average rating of Buy and an average price target of $67.05.
Delta Air Lines (NYSE DAL) opened at $56.59 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47. Delta Air Lines has a twelve month low of $43.81 and a twelve month high of $60.79. The stock has a market capitalization of $39,700.25, a P/E ratio of 11.46, a PEG ratio of 0.75 and a beta of 1.16.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.08. Delta Air Lines had a return on equity of 26.27% and a net margin of 8.67%. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. sell-side analysts forecast that Delta Air Lines will post 6.46 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be paid a $0.305 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.16%. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.70%.
In related news, COO W Gilbert West sold 9,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $56.06, for a total value of $504,540.00. Following the sale, the chief operating officer now directly owns 61,872 shares in the company, valued at $3,468,544.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Edward H. Bastian sold 73,211 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $56.04, for a total value of $4,102,744.44. Following the completion of the sale, the chief executive officer now owns 338,719 shares in the company, valued at $18,981,812.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 323,638 shares of company stock worth $18,537,123. Company 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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