Delta Air Lines (NYSE:DAL) issued an update on its third quarter 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $2.10-2.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.13. Delta Air Lines also updated its FY 2019 guidance to $6.75-7.25 EPS.
DAL opened at $60.16 on Friday. The stock’s 50 day moving average is $55.87. The company has a current ratio of 0.34, a quick ratio of 0.29 and a debt-to-equity ratio of 1.05. Delta Air Lines has a 1 year low of $45.08 and a 1 year high of $61.32. The company has a market cap of $38.95 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 0.62 and a beta of 1.18.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.07. Delta Air Lines had a return on equity of 30.10% and a net margin of 9.09%. The business had revenue of $12.54 billion for the quarter, compared to analyst estimates of $12.49 billion. During the same period last year, the company earned $1.77 EPS. Delta Air Lines’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Delta Air Lines will post 6.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 25th will be given a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a yield of 2.68%. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.35. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.78%.
Several equities analysts recently issued reports on DAL shares. Buckingham Research raised their price target on Delta Air Lines from $62.00 to $71.00 and gave the stock a buy rating in a research report on Wednesday, April 3rd. Zacks Investment Research upgraded GCP Applied Technologies from a sell rating to a hold rating in a research report on Friday, May 31st. Morgan Stanley raised their price target on United Technologies from $155.00 to $164.00 and gave the stock an overweight rating in a research report on Monday, May 20th. Credit Suisse Group lifted their price objective on Delta Air Lines from $37.00 to $68.00 and gave the stock an outperform rating in a research report on Thursday, April 11th. Finally, Cowen reiterated an outperform rating and issued a $69.00 price objective (up from $67.00) on shares of Delta Air Lines in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $65.98.
In related news, insider Steven M. Sear sold 8,993 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $53.27, for a total transaction of $479,057.11. Following the sale, the insider now directly owns 76,150 shares in the company, valued at $4,056,510.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael P. Huerta sold 1,010 shares of Delta Air Lines stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $54.33, for a total value of $54,873.30. Following the sale, the director now owns 5,670 shares in the company, valued at $308,051.10. The disclosure for this sale can be found here. Insiders have sold 65,003 shares of company stock worth $3,709,180 over the last 90 days. 0.47% of the stock is currently owned by corporate insiders.
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 and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.
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