Analysts expect Delta Air Lines (NYSE:DAL) to report earnings of $1.90 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Delta Air Lines’ earnings, with estimates ranging from $1.77 to $1.95. Delta Air Lines reported earnings of $1.64 per share in the same quarter last year, which indicates a positive year over year growth rate of 15.9%. The firm is scheduled to report its next earnings report on Thursday, July 12th.
According to Zacks, analysts expect that Delta Air Lines will report full year earnings of $6.15 per share for the current year, with EPS estimates ranging from $5.61 to $6.60. For the next financial year, analysts anticipate that the company will post earnings of $6.85 per share, with EPS estimates ranging from $5.92 to $7.70. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Delta Air Lines.
Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, April 12th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.01. The company had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Delta Air Lines had a net margin of 8.37% and a return on equity of 26.19%. Delta Air Lines’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS.
Several research analysts have weighed in on the stock. ValuEngine cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. Zacks Investment Research raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Thursday, February 8th. Stephens set a $71.00 price target on shares of Delta Air Lines and gave the company a “buy” rating in a report on Thursday, March 29th. Morgan Stanley increased their price target on shares of Delta Air Lines from $66.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, April 20th. Finally, Stifel Nicolaus increased their price target on shares of Delta Air Lines from $90.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, April 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $68.24.
Shares of DAL stock traded up $1.47 on Friday, reaching $55.87. The stock had a trading volume of 7,584,964 shares, compared to its average volume of 7,926,014. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.33 and a current ratio of 0.39. The stock has a market cap of $37.46 billion, a price-to-earnings ratio of 11.33 and a beta of 1.09. Delta Air Lines has a 12 month low of $44.59 and a 12 month high of $60.79.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 11th will be issued a dividend of $0.305 per share. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $1.22 annualized dividend and a dividend yield of 2.18%. Delta Air Lines’s dividend payout ratio is presently 24.75%.
In other news, CEO Edward H. Bastian sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, April 20th. The shares were sold at an average price of $55.34, for a total transaction of $1,383,500.00. Following the transaction, the chief executive officer now directly owns 301,943 shares of the company’s stock, valued at $16,709,525.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO W Gilbert West sold 17,250 shares of the firm’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $55.00, for a total transaction of $948,750.00. Following the transaction, the chief operating officer now directly owns 119,447 shares in the company, valued at $6,569,585. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Wagner Wealth Management LLC increased its holdings in shares of Delta Air Lines by 375.0% during the first quarter. Wagner Wealth Management LLC now owns 1,900 shares of the transportation company’s stock worth $104,000 after purchasing an additional 1,500 shares during the period. Baker Ellis Asset Management LLC acquired a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $106,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $121,000. Fortis Advisors LLC boosted its position in shares of 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 acquiring an additional 1,189 shares in the last quarter. Finally, Nvwm LLC boosted its position in shares of 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 acquiring an additional 2,290 shares in the last quarter. 86.37% of the stock is currently owned by institutional investors.
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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