Wall Street brokerages predict that Delta Air Lines (NYSE:DAL) will report sales of $11.51 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Delta Air Lines’ earnings, with the lowest sales estimate coming in at $11.42 billion and the highest estimate coming in at $11.57 billion. Delta Air Lines reported sales of $10.79 billion in the same quarter last year, which indicates a positive year over year growth rate of 6.7%. The company is scheduled to report its next quarterly earnings results on Thursday, July 12th.
On average, analysts expect that Delta Air Lines will report full-year sales of $43.76 billion for the current fiscal year, with estimates ranging from $43.50 billion to $44.17 billion. For the next financial year, analysts expect that the business will report sales of $45.51 billion per share, with estimates ranging from $44.97 billion to $46.23 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Delta Air Lines.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, April 12th. The transportation company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.89 billion. Delta Air Lines had a return on equity of 26.19% and a net margin of 8.37%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share.
A number of equities analysts have issued reports on DAL shares. Vetr upgraded Delta Air Lines from a “strong sell” rating to a “sell” rating and set a $49.97 price objective for the company in a report on Wednesday, January 3rd. Morgan Stanley decreased their price objective on Delta Air Lines from $68.00 to $64.00 and set an “overweight” rating for the company in a report on Friday, February 23rd. ValuEngine downgraded Delta Air Lines from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Stifel Nicolaus increased their price objective on Delta Air Lines to $90.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, Cowen reiterated a “buy” rating on shares of Delta Air Lines in a report on Tuesday, April 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $67.63.
In other news, COO W Gilbert West sold 9,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $56.06, for a total transaction of $504,540.00. Following the completion of the transaction, the chief operating officer now directly owns 61,872 shares in the company, valued at $3,468,544.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul A. Jacobson sold 49,362 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $60.20, for a total value of $2,971,592.40. The disclosure for this sale can be found here. Insiders have sold 90,000 shares of company stock valued at $5,363,023 over the last 90 days. Corporate insiders own 0.37% of the company’s stock.
Large investors have recently modified their holdings of the company. Credit Capital Investments LLC increased its holdings in shares of Delta Air Lines by 145.0% during the fourth quarter. Credit Capital Investments LLC now owns 14,700 shares of the transportation company’s stock valued at $823,000 after acquiring an additional 8,700 shares in the last quarter. Westpac Banking Corp increased its holdings in shares of Delta Air Lines by 16.5% during the fourth quarter. Westpac Banking Corp now owns 134,522 shares of the transportation company’s stock valued at $7,533,000 after acquiring an additional 19,031 shares in the last quarter. Douglas Lane & Associates LLC increased its holdings in shares of Delta Air Lines by 0.3% during the fourth quarter. Douglas Lane & Associates LLC now owns 2,026,033 shares of the transportation company’s stock valued at $113,458,000 after acquiring an additional 5,600 shares in the last quarter. Foster & Motley Inc. increased its holdings in shares of Delta Air Lines by 60.1% during the fourth quarter. Foster & Motley Inc. now owns 16,430 shares of the transportation company’s stock valued at $920,000 after acquiring an additional 6,165 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of Delta Air Lines by 1.0% during the fourth quarter. California Public Employees Retirement System now owns 1,594,087 shares of the transportation company’s stock valued at $89,269,000 after acquiring an additional 15,446 shares in the last quarter. Hedge funds and other institutional investors own 87.61% of the company’s stock.
DAL opened at $54.30 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $37,409.85, a price-to-earnings ratio of 11.01 and a beta of 1.08. Delta Air Lines has a 12-month low of $43.97 and a 12-month high of $60.79.
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Delta Air Lines Company Profile
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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