Analysts predict that Delta Air Lines, Inc. (NYSE:DAL) will post earnings of $1.39 per share for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Delta Air Lines’ earnings, with estimates ranging from $1.28 to $1.50. Delta Air Lines posted earnings of $1.30 per share during the same quarter last year, which would suggest a positive year over year growth rate of 6.9%. The firm is expected to report its next quarterly earnings results on Tuesday, January 21st.
On average, analysts expect that Delta Air Lines will report full-year earnings of $7.01 per share for the current financial year, with EPS estimates ranging from $6.90 to $7.11. For the next financial year, analysts forecast that the company will report earnings of $6.92 per share, with EPS estimates ranging from $6.30 to $7.45. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Delta Air Lines.
Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, October 10th. The transportation company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.06. The business had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.61 billion. Delta Air Lines had a net margin of 10.12% and a return on equity of 32.84%. Delta Air Lines’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.80 earnings per share.
DAL has been the topic of several research reports. Berenberg Bank initiated coverage on shares of Delta Air Lines in a report on Friday, September 6th. They set a “buy” rating and a $72.00 price objective on the stock. Buckingham Research dropped their price objective on shares of Delta Air Lines from $58.00 to $56.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Credit Suisse Group dropped their price objective on shares of Delta Air Lines from $72.00 to $71.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Macquarie set a $62.00 price objective on shares of Delta Air Lines and gave the company a “buy” rating in a report on Friday, October 11th. Finally, ValuEngine raised shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $64.94.
Shares of NYSE DAL traded down $0.36 during trading on Monday, hitting $55.31. 4,955,442 shares of the company traded hands, compared to its average volume of 6,450,600. The business’s fifty day moving average is $55.09 and its 200 day moving average is $57.04. Delta Air Lines has a fifty-two week low of $45.08 and a fifty-two week high of $63.44. The firm has a market capitalization of $36.00 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 0.68 and a beta of 1.13. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.29 and a current ratio of 0.34.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th were given a dividend of $0.403 per share. The ex-dividend date of this dividend was Wednesday, October 23rd. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.40. This represents a $1.61 annualized dividend and a dividend yield of 2.91%. Delta Air Lines’s payout ratio is presently 28.50%.
In other news, CEO Edward H. Bastian sold 30,236 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $57.55, for a total transaction of $1,740,081.80. Following the completion of the sale, the chief executive officer now directly owns 323,955 shares of the company’s stock, valued at $18,643,610.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.47% of the company’s stock.
A number of hedge funds have recently modified their holdings of DAL. Private Trust Co. NA bought a new position in shares of Delta Air Lines during the 2nd quarter valued at approximately $201,000. South Texas Money Management Ltd. grew its position in shares of Delta Air Lines by 1.0% during the 2nd quarter. South Texas Money Management Ltd. now owns 751,247 shares of the transportation company’s stock valued at $42,633,000 after acquiring an additional 7,272 shares during the period. Summit Financial Group Inc. bought a new position in shares of Delta Air Lines during the 2nd quarter valued at approximately $212,000. DNB Asset Management AS grew its position in shares of Delta Air Lines by 64.8% during the 2nd quarter. DNB Asset Management AS now owns 76,586 shares of the transportation company’s stock valued at $4,346,000 after acquiring an additional 30,126 shares during the period. Finally, Carroll Financial Associates Inc. grew its position in shares of Delta Air Lines by 105.6% during the 2nd quarter. Carroll Financial Associates Inc. now owns 623 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 320 shares during the period. 86.53% of the stock is owned by institutional investors and hedge funds.
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.
Featured Article: What is the Quick Ratio?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.