Delta Air Lines, Inc. (DAL) Expected to Announce Earnings of $1.66 Per Share
Equities research analysts expect Delta Air Lines, Inc. (NYSE:DAL) to announce $1.66 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Delta Air Lines’ earnings, with estimates ranging from $1.53 to $1.82. Delta Air Lines reported earnings of $1.70 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 2.4%. The firm is scheduled to issue its next quarterly earnings report on Thursday, October 12th.
According to Zacks, analysts expect that Delta Air Lines will report full-year earnings of $5.31 per share for the current fiscal year, with EPS estimates ranging from $5.05 to $5.70. For the next financial year, analysts anticipate that the business will report earnings of $5.82 per share, with EPS estimates ranging from $4.93 to $6.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Delta Air Lines.
Delta Air Lines (NYSE:DAL) last posted 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 quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.47 earnings per share.
Several analysts have issued reports on the stock. ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. Vetr raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 target price on the stock in a research note on Tuesday, July 25th. BidaskClub downgraded shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Deutsche Bank AG reissued a “buy” rating and set a $62.00 target price (up from $58.00) on shares of Delta Air Lines in a research note on Friday, July 14th. Finally, Cowen and Company reissued a “buy” rating and set a $60.00 target price on shares of Delta Air Lines in a research note on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $61.97.
In related news, Director George N. Mattson purchased 6,000 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were acquired at an average cost of $45.44 per share, with a total value of $272,640.00. Following the completion of the purchase, the director now owns 61,510 shares of the company’s stock, valued at approximately $2,795,014.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Glen W. Hauenstein sold 67,000 shares of the company’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $55.15, for a total transaction of $3,695,050.00. Following the completion of the transaction, the president now directly owns 239,418 shares in the company, valued at $13,203,902.70. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 267,000 shares of company stock worth $293,520 and sold 75,700 shares worth $4,171,150. Corporate insiders own 0.37% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. IHT Wealth Management LLC increased its position in Delta Air Lines by 40.9% during the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after buying an additional 220 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in Delta Air Lines during the second quarter worth $114,000. FNY Managed Accounts LLC acquired a new position in Delta Air Lines during the first quarter worth $100,000. TrimTabs Asset Management LLC increased its position 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 worth $111,000 after buying an additional 1,136 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in Delta Air Lines by 104.3% during the second quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock worth $137,000 after buying an additional 1,298 shares during the last quarter. 86.49% of the stock is currently owned by hedge funds and other institutional investors.
Delta Air Lines (DAL) traded down 0.176% during trading on Friday, reaching $48.185. The company had a trading volume of 3,213,750 shares. The company has a 50-day moving average of $48.47 and a 200-day moving average of $49.17. Delta Air Lines has a 52-week low of $36.59 and a 52-week high of $55.75. The firm has a market capitalization of $35.08 billion, a P/E ratio of 9.551 and a beta of 1.25.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd were paid a $0.305 dividend. The ex-dividend date of this dividend was Monday, August 21st. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.20. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.53%. Delta Air Lines’s dividend payout ratio is 24.25%.
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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