Equities research analysts expect Delta Air Lines, Inc. (NYSE:DAL) to post $11.62 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Delta Air Lines’ earnings, with estimates ranging from $11.57 billion to $11.69 billion. Delta Air Lines posted sales of $10.79 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.7%. The firm is expected to announce its next quarterly earnings report on Thursday, July 12th.
According to Zacks, analysts expect that Delta Air Lines will report full-year sales of $44.01 billion for the current financial year, with estimates ranging from $43.52 billion to $44.74 billion. For the next financial year, analysts forecast that the firm will post sales of $45.89 billion per share, with estimates ranging from $45.06 billion to $47.06 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Delta Air Lines.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, April 12th. The transportation company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.01. Delta Air Lines had a return on equity of 26.19% and a net margin of 8.37%. The business had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same quarter in the prior year, the company posted $0.77 EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis.
Several equities analysts recently issued reports on the company. Imperial Capital increased their target price on Delta Air Lines from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, June 1st. Morgan Stanley increased their target price on Delta Air Lines from $66.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, April 20th. Cfra reissued a “buy” rating and set a $70.00 target price on shares of Delta Air Lines in a research note on Monday, June 18th. Zacks Investment Research lowered Delta Air Lines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 13th. Finally, Buckingham Research decreased their target price on Delta Air Lines from $76.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, June 7th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $68.71.
Delta Air Lines traded down $0.26, hitting $49.54, during mid-day trading on Monday, according to Marketbeat Ratings. 6,688,225 shares of the stock were exchanged, compared to its average volume of 6,382,673. Delta Air Lines has a 1-year low of $44.59 and a 1-year high of $60.79. The company has a current ratio of 0.39, a quick ratio of 0.33 and a debt-to-equity ratio of 0.51. The firm has a market cap of $34.93 billion, a price-to-earnings ratio of 10.05 and a beta of 1.09.
The business also recently declared a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, May 11th were issued a dividend of $0.305 per share. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $1.22 annualized dividend and a yield of 2.46%. Delta Air Lines’s dividend payout ratio (DPR) is 24.75%.
In other Delta Air Lines news, COO W Gilbert West sold 17,250 shares of the company’s stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $55.00, for a total transaction of $948,750.00. Following the sale, the chief operating officer now owns 119,447 shares in the company, valued at approximately $6,569,585. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Edward H. Bastian sold 25,000 shares of the company’s stock in a transaction dated Friday, April 20th. The stock was sold at an average price of $55.34, for a total value of $1,383,500.00. Following the sale, the chief executive officer now owns 301,943 shares in the company, valued at approximately $16,709,525.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,497 shares of company stock worth $3,543,174. 0.33% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wagner Wealth Management LLC increased its holdings in shares of Delta Air Lines by 375.0% in the 1st quarter. Wagner Wealth Management LLC now owns 1,900 shares of the transportation company’s stock valued at $104,000 after acquiring an additional 1,500 shares during the last quarter. Fortis Advisors LLC grew its stake in Delta Air Lines by 99.1% during the 1st quarter. Fortis Advisors LLC now owns 2,389 shares of the transportation company’s stock worth $131,000 after buying an additional 1,189 shares during the last quarter. Nvwm LLC grew its stake in Delta Air Lines by 558.5% during the 1st quarter. Nvwm LLC now owns 2,700 shares of the transportation company’s stock worth $140,000 after buying an additional 2,290 shares during the last quarter. Summit Trail Advisors LLC grew its stake in Delta Air Lines by 4,836.6% during the 1st quarter. Summit Trail Advisors LLC now owns 142,667 shares of the transportation company’s stock worth $143,000 after buying an additional 139,777 shares during the last quarter. Finally, IHT Wealth Management LLC grew its stake in Delta Air Lines by 45.6% during the 1st quarter. IHT Wealth Management LLC now owns 3,068 shares of the transportation company’s stock worth $159,000 after buying an additional 961 shares during the last quarter. Institutional investors and hedge funds own 86.32% of the company’s stock.
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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