Delta Air Lines (NYSE:DAL) is set to post its quarterly earnings results before the market opens on Tuesday, April 10th. Delta Air Lines has set its Q1 guidance at $0.60-0.80 EPS and its FY18 guidance at $6.35-6.70 EPS.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Delta Air Lines had a return on equity of 26.27% and a net margin of 8.67%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.82 earnings per share. On average, analysts expect Delta Air Lines to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
DAL stock opened at $53.05 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $38,321.77, a PE ratio of 10.76 and a beta of 1.08. Delta Air Lines has a 1 year low of $43.81 and a 1 year high of $60.79.
The business also recently declared a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 23rd were given a $0.305 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.30%. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.75%.
In related news, CFO Paul A. Jacobson sold 49,362 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $60.20, for a total value of $2,971,592.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul A. Jacobson sold 31,638 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $59.64, for a total value of $1,886,890.32. Following the completion of the transaction, the chief financial officer now owns 388,608 shares of the company’s stock, valued at $23,176,581.12. The disclosure for this sale can be found here. Insiders sold 114,250 shares of company stock valued at $6,794,500 over the last quarter. 0.37% of the stock is currently owned by company insiders.
A number of equities research analysts have recently issued reports on the company. ValuEngine lowered Delta Air Lines from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Cowen restated a “buy” rating on shares of Delta Air Lines in a research report on Tuesday, April 3rd. Morgan Stanley upped their price target on Delta Air Lines from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Monday, March 19th. Stifel Nicolaus upped their price target on Delta Air Lines from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Stephens set a $71.00 price target on Delta Air Lines and gave the company a “buy” rating in a research report on Thursday, March 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $67.75.
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About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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