Delta Air Lines, Inc. to Post FY2018 Earnings of $5.75 Per Share, Imperial Capital Forecasts (DAL)

Delta Air Lines, Inc. (NYSE:DAL) – Investment analysts at Imperial Capital increased their FY2018 earnings estimates for Delta Air Lines in a research note issued to investors on Tuesday, December 4th. Imperial Capital analyst M. Derchin now expects that the transportation company will post earnings of $5.75 per share for the year, up from their prior forecast of $5.50. Imperial Capital has a “Outperform” rating and a $83.00 price objective on the stock. Imperial Capital also issued estimates for Delta Air Lines’ Q4 2018 earnings at $1.45 EPS, Q1 2019 earnings at $0.90 EPS, Q4 2019 earnings at $1.76 EPS and FY2019 earnings at $6.85 EPS.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, October 11th. The transportation company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.06. The business had revenue of $11.95 billion for the quarter, compared to analysts’ expectations of $11.96 billion. Delta Air Lines had a return on equity of 27.72% and a net margin of 7.87%. During the same period last year, the firm earned $1.57 earnings per share.

Other analysts have also recently issued reports about the company. Stephens reiterated a “buy” rating and issued a $68.00 price objective on shares of Delta Air Lines in a research note on Monday, October 1st. Buckingham Research increased their price objective on Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, September 7th. ValuEngine upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Deutsche Bank upgraded Delta Air Lines from a “hold” rating to a “buy” rating and increased their price objective for the company from $53.00 to $60.00 in a research note on Wednesday, October 17th. Finally, Bank of America reduced their price objective on Delta Air Lines from $67.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, October 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $68.60.

Shares of NYSE DAL opened at $56.07 on Thursday. The firm has a market capitalization of $39.04 billion, a PE ratio of 11.37, a P/E/G ratio of 0.65 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.37. Delta Air Lines has a 12-month low of $48.52 and a 12-month high of $61.32.

A number of large investors have recently bought and sold shares of the stock. Pineno Levin & Ford Asset Management Inc. grew its holdings in shares of Delta Air Lines by 1.8% during the third quarter. Pineno Levin & Ford Asset Management Inc. now owns 52,163 shares of the transportation company’s stock worth $3,017,000 after purchasing an additional 930 shares during the last quarter. Comerica Bank grew its holdings in shares of Delta Air Lines by 0.6% during the second quarter. Comerica Bank now owns 177,061 shares of the transportation company’s stock worth $9,056,000 after purchasing an additional 976 shares during the last quarter. Motley Fool Asset Management LLC grew its holdings in shares of Delta Air Lines by 15.2% during the second quarter. Motley Fool Asset Management LLC now owns 7,564 shares of the transportation company’s stock worth $375,000 after purchasing an additional 997 shares during the last quarter. Telemus Capital LLC grew its holdings in shares of Delta Air Lines by 14.0% during the third quarter. Telemus Capital LLC now owns 8,140 shares of the transportation company’s stock worth $471,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Trust Investment Advisors grew its holdings in shares of Delta Air Lines by 3.9% during the third quarter. Trust Investment Advisors now owns 26,435 shares of the transportation company’s stock worth $1,529,000 after purchasing an additional 1,000 shares during the last quarter. 87.66% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 28th. Investors of record on Wednesday, November 7th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.50%. The ex-dividend date was Tuesday, November 6th. Delta Air Lines’s dividend payout ratio (DPR) is presently 28.40%.

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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Earnings History and Estimates for Delta Air Lines (NYSE:DAL)

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