Delta Air Lines (NYSE:DAL) Updates FY20 Earnings Guidance

Delta Air Lines (NYSE:DAL) updated its FY20 earnings guidance on Tuesday. The company provided earnings per share guidance of $6.75-7.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.19. Delta Air Lines also updated its FY 2020
Pre-Market guidance to 6.75-7.75 EPS.

A number of equities analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Delta Air Lines from $57.00 to $60.00 and gave the stock an equal weight rating in a research note on Monday, November 11th. Argus cut shares of Delta Air Lines from a buy rating to a hold rating in a report on Friday, October 11th. Buckingham Research raised their price target on shares of Delta Air Lines from $56.00 to $62.00 and gave the stock a neutral rating in a report on Monday, December 16th. UBS Group initiated coverage on shares of Delta Air Lines in a report on Tuesday, November 12th. They issued a neutral rating and a $62.00 price target for the company. Finally, Deutsche Bank upgraded shares of Delta Air Lines from a hold rating to a buy rating and raised their price target for the stock from $61.00 to $70.00 in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $66.41.

NYSE:DAL traded up $0.25 during trading hours on Thursday, reaching $61.87. The company had a trading volume of 996,860 shares, compared to its average volume of 5,233,200. The firm has a market cap of $39.85 billion, a price-to-earnings ratio of 8.46, a P/E/G ratio of 0.61 and a beta of 1.11. The business’s 50-day simple moving average is $58.03 and its two-hundred day simple moving average is $57.78. Delta Air Lines has a twelve month low of $46.84 and a twelve month high of $63.44. The company has a quick ratio of 0.29, a current ratio of 0.41 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Tuesday, January 14th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.30. The firm had revenue of $11.44 billion during the quarter, compared to analysts’ expectations of $11.37 billion. Delta Air Lines had a net margin of 10.14% and a return on equity of 33.28%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $1.30 earnings per share. As a group, equities analysts predict that Delta Air Lines will post 7.17 earnings per share for the current year.

In other news, CEO Edward H. Bastian sold 30,236 shares of Delta Air Lines 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 transaction, the chief executive officer now directly owns 323,955 shares in the company, valued at $18,643,610.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is owned by company 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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