Q3 2017 EPS Estimates for Delta Air Lines, Inc. (DAL) Decreased by Imperial Capital
Delta Air Lines, Inc. (NYSE:DAL) – Stock analysts at Imperial Capital lowered their Q3 2017 earnings per share estimates for shares of Delta Air Lines in a report issued on Wednesday. Imperial Capital analyst M. Derchin now expects that the transportation company will earn $1.53 per share for the quarter, down from their previous forecast of $1.74. Imperial Capital currently has a “Hold” rating and a $50.00 price target on the stock. Imperial Capital also issued estimates for Delta Air Lines’ Q4 2017 earnings at $1.11 EPS, FY2017 earnings at $5.05 EPS and FY2018 earnings at $5.50 EPS.
A number of other brokerages also recently commented on DAL. Deutsche Bank AG reaffirmed a “buy” rating and set a $62.00 price objective (up from $58.00) on shares of Delta Air Lines in a research report on Friday, July 14th. Zacks Investment Research cut shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 21st. Vetr upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 price objective for the company in a research note on Tuesday, July 25th. Cowen and Company restated a “buy” rating and issued a $60.00 price objective on shares of Delta Air Lines in a research note on Tuesday. Finally, ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. One analyst has rated the stock with a sell rating, two have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $61.34.
Delta Air Lines (NYSE:DAL) opened at 47.12 on Friday. The company’s 50 day moving average is $48.94 and its 200 day moving average is $49.24. The stock has a market cap of $34.30 billion, a P/E ratio of 9.34 and a beta of 1.25. Delta Air Lines has a 52 week low of $36.59 and a 52 week high of $55.75.
Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.66 by $0.02. The business had revenue of $10.79 billion during the quarter, compared to analyst estimates of $10.81 billion. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.47 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be issued a dividend of $0.305 per share. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, August 21st. This represents a $1.22 dividend on an annualized basis and a yield of 2.59%. Delta Air Lines’s dividend payout ratio is 24.25%.
In other news, Director George N. Mattson bought 6,000 shares of the stock in a transaction dated Thursday, August 24th. The stock was bought at an average price of $45.44 per share, for a total transaction of $272,640.00. Following the purchase, the director now directly owns 61,510 shares in the company, valued at approximately $2,795,014.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joanne D. Smith sold 3,700 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now 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 have purchased 335,000 shares of company stock worth $298,960 and have sold 75,700 shares worth $4,171,150. Corporate insiders own 0.37% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. IHT Wealth Management LLC grew its holdings in shares of Delta Air Lines by 40.9% in the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after acquiring an additional 220 shares during the period. Mountain Capital Investment Advisors Inc bought a new stake in Delta Air Lines during the second quarter valued at about $114,000. FNY Managed Accounts LLC bought a new stake in Delta Air Lines during the first quarter valued at about $100,000. TrimTabs Asset Management LLC grew its holdings in Delta Air Lines by 88.8% during the first quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock valued at $111,000 after purchasing an additional 1,136 shares during the period. Finally, Advisory Services Network LLC bought a new stake in Delta Air Lines during the first quarter valued at about $114,000. Institutional investors own 86.49% of the company’s stock.
About Delta Air Lines
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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