Delta Air Lines (NYSE:DAL) issued its earnings results on Wednesday. The transportation company reported ($2.53) EPS for the quarter, missing the consensus estimate of ($2.50) by ($0.03), MarketWatch Earnings reports. The firm had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.59 billion. Delta Air Lines had a negative net margin of 42.88% and a negative return on equity of 39.69%. Delta Air Lines’s quarterly revenue was down 65.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.70 earnings per share.
Delta Air Lines stock traded down $1.49 during mid-day trading on Friday, hitting $39.98. 1,049,406 shares of the company traded hands, compared to its average volume of 12,098,233. Delta Air Lines has a one year low of $17.51 and a one year high of $62.48. The stock has a market cap of $25.50 billion, a price-to-earnings ratio of -2.46 and a beta of 1.45. The company has a debt-to-equity ratio of 8.88, a quick ratio of 1.23 and a current ratio of 1.27. The stock has a fifty day moving average price of $40.71 and a 200-day moving average price of $33.11.
In other Delta Air Lines news, CEO Edward H. Bastian sold 65,000 shares of Delta Air Lines stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $33.58, for a total transaction of $2,182,700.00. Following the transaction, the chief executive officer now directly owns 341,060 shares of the company’s stock, valued at $11,452,794.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Glen W. Hauenstein sold 51,955 shares of Delta Air Lines stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $36.90, for a total transaction of $1,917,139.50. Following the transaction, the president now directly owns 264,393 shares in the company, valued at $9,756,101.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 255,487 shares of company stock valued at $9,077,952. 0.63% of the stock is currently owned by company insiders.
DAL has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Delta Air Lines from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a research report on Friday, December 11th. Zacks Investment Research upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating and set a $45.00 price target for the company in a research report on Tuesday, December 8th. Wolfe Research lowered shares of Delta Air Lines from a “peer perform” rating to an “underperform” rating in a research note on Friday, December 4th. Vertical Research raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Friday. Finally, UBS Group dropped their price objective on shares of Delta Air Lines from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 14th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $46.83.
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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, London-Heathrow, Mexico City, Paris-Charles de Gaulle, and Seoul-Incheon.
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