Delta Air Lines, Inc. (DAL) Scheduled to Post Earnings on Wednesday
Delta Air Lines, Inc. (NYSE:DAL) is scheduled to be releasing its earnings data before the market opens on Wednesday, October 11th.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the Zacks’ consensus estimate of $1.66 by ($0.02). The business had revenue of $10.79 billion during the quarter, compared to analysts’ expectations of $10.81 billion. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. Delta Air Lines’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 earned $1.47 EPS. On average, analysts expect Delta Air Lines to post $5.12 EPS for the current fiscal year and $5.67 EPS for the next fiscal year.
Delta Air Lines, Inc. (NYSE:DAL) opened at 51.25 on Wednesday. The company has a 50-day moving average price of $47.87 and a 200 day moving average price of $49.18. The firm has a market capitalization of $37.31 billion, a price-to-earnings ratio of 10.16 and a beta of 1.25. Delta Air Lines, Inc. has a 1-year low of $37.91 and a 1-year high of $55.75.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were paid a dividend of $0.305 per share. The ex-dividend date was Monday, August 21st. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.20. This represents a $1.22 dividend on an annualized basis and a yield of 2.38%. Delta Air Lines’s dividend payout ratio is currently 24.25%.
In related news, VP Craig M. Meynard sold 5,000 shares of the company’s stock in a transaction on Friday, July 14th. The shares were 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 directly owns 7,437 shares in the company, valued at $410,968.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 sale, the president now owns 239,418 shares of the company’s stock, valued at $13,203,902.70. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 141,000 shares of company stock worth $283,440 and have sold 75,700 shares worth $4,171,150. Corporate insiders own 0.37% of the company’s stock.
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DAL has been the subject of several research analyst reports. 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 upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 price objective on the stock in a research report on Tuesday, July 25th. BidaskClub cut shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research report 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, Zacks Investment Research downgraded shares of Delta Air Lines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. Delta Air Lines currently has a consensus rating of “Buy” and an average price target of $61.58.
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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