Wall Street brokerages expect that Delta Air Lines, Inc. (NYSE:DAL) will report sales of $11.12 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Delta Air Lines’ earnings, with the lowest sales estimate coming in at $11.09 billion and the highest estimate coming in at $11.21 billion. Delta Air Lines posted sales of $10.48 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 6.1%. The company is expected to issue its next quarterly earnings report on Thursday, October 12th.

On average, analysts expect that Delta Air Lines will report full-year sales of $11.12 billion for the current fiscal year, with estimates ranging from $40.72 billion to $40.98 billion. For the next year, analysts forecast that the company will post sales of $42.23 billion per share, with estimates ranging from $41.85 billion to $42.57 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Delta Air Lines.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.66 by $0.02. The company had revenue of $10.79 billion for the quarter, compared to analysts’ expectations of $10.81 billion. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.47 EPS.

A number of brokerages have recently issued reports on DAL. Deutsche Bank AG raised their target price on shares of Delta Air Lines from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Vetr lowered shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $52.43 target price on the stock. in a research report on Tuesday, May 2nd. Evercore ISI restated an “outperform” rating and set a $66.00 target price on shares of Delta Air Lines in a research report on Friday, July 14th. Finally, Morgan Stanley restated an “overweight” rating and set a $62.00 target price (down from $63.00) on shares of Delta Air Lines in a research report on Friday, July 14th. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $59.41.

Delta Air Lines (NYSE:DAL) traded down 1.08% during mid-day trading on Friday, reaching $52.26. 6,847,604 shares of the company’s stock traded hands. The stock has a market capitalization of $38.05 billion, a PE ratio of 10.36 and a beta of 1.22. Delta Air Lines has a 52 week low of $35.84 and a 52 week high of $55.75. The stock’s 50 day moving average is $53.10 and its 200-day moving average is $49.43.

In other Delta Air Lines news, VP Craig M. Meynard sold 5,000 shares of the firm’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $55.26, for a total value of $276,300.00. Following the completion of the sale, the vice president now owns 7,437 shares of the company’s stock, valued at $410,968.62. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Joanne D. Smith sold 3,700 shares of the firm’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total value of $199,800.00. Following the completion of the sale, the executive vice president now directly owns 77,223 shares of the company’s stock, valued at approximately $4,170,042. The disclosure for this sale can be found here. In the last three months, insiders acquired 442,000 shares of company stock valued at $35,360 and sold 131,306 shares valued at $6,924,439. 0.37% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Patten Group Inc. increased its stake in Delta Air Lines by 0.3% in the first quarter. Patten Group Inc. now owns 9,307 shares of the transportation company’s stock worth $420,000 after buying an additional 30 shares during the period. Wetherby Asset Management Inc. increased its stake in Delta Air Lines by 0.8% in the first quarter. Wetherby Asset Management Inc. now owns 6,020 shares of the transportation company’s stock worth $277,000 after buying an additional 49 shares during the period. Independent Advisor Alliance increased its stake in Delta Air Lines by 0.8% in the first quarter. Independent Advisor Alliance now owns 8,254 shares of the transportation company’s stock worth $372,000 after buying an additional 64 shares during the period. Banced Corp increased its stake in Delta Air Lines by 1.2% in the second quarter. Banced Corp now owns 7,895 shares of the transportation company’s stock worth $425,000 after buying an additional 96 shares during the period. Finally, M Holdings Securities Inc. increased its stake in Delta Air Lines by 1.4% in the fourth quarter. M Holdings Securities Inc. now owns 7,718 shares of the transportation company’s stock worth $380,000 after buying an additional 103 shares during the period. 86.15% of the stock is owned by institutional investors.

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Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Earnings History and Estimates for Delta Air Lines (NYSE:DAL)

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