Q3 2017 EPS Estimates for Delta Air Lines, Inc. Cut by Imperial Capital (DAL)
Delta Air Lines, Inc. (NYSE:DAL) – Stock analysts at Imperial Capital dropped their Q3 2017 earnings per share estimates for Delta Air Lines in a research report issued on Wednesday. Imperial Capital analyst M. Derchin now anticipates that the transportation company will post earnings per share of $1.50 for the quarter, down from their previous forecast of $1.53. Imperial Capital has a “Hold” rating and a $50.00 price target on the stock. Imperial Capital also issued estimates for Delta Air Lines’ FY2017 earnings at $5.02 EPS, FY2018 earnings at $5.45 EPS and FY2019 earnings at $2.40 EPS.
Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.66 by ($0.02). The business had revenue of $10.79 billion for the quarter, compared to analyst estimates of $10.81 billion. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. Delta Air Lines’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.47 earnings per share. TRADEMARK VIOLATION NOTICE: “Q3 2017 EPS Estimates for Delta Air Lines, Inc. Cut by Imperial Capital (DAL)” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/10/05/q3-2017-eps-estimates-for-delta-air-lines-inc-cut-by-imperial-capital-dal.html.
Several other equities research analysts also recently issued reports on DAL. Barclays PLC began coverage on shares of Delta Air Lines in a research note on Thursday, August 10th. They set an “overweight” rating and a $70.00 price objective for the company. Morgan Stanley reiterated an “overweight” rating and set a $57.00 price objective (up from $56.00) on shares of Delta Air Lines in a research note on Wednesday. BidaskClub downgraded shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Wolfe Research upgraded shares of Delta Air Lines from a “market perform” rating to an “outperform” rating in a research note on Friday, August 18th. They noted that the move was a valuation call. Finally, UBS AG reiterated a “buy” rating and set a $62.00 price objective (down from $65.00) on shares of Delta Air Lines in a research note on Saturday, September 30th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $61.47.
Shares of Delta Air Lines (NYSE:DAL) opened at 51.56 on Thursday. The firm has a market capitalization of $37.54 billion, a price-to-earnings ratio of 10.22 and a beta of 1.24. The firm’s 50-day moving average is $47.91 and its 200-day moving average is $49.20. Delta Air Lines has a 12-month low of $37.91 and a 12-month high of $55.75.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd were issued a $0.305 dividend. The ex-dividend date of this dividend was Monday, August 21st. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. This represents a $1.22 annualized dividend and a yield of 2.37%. 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 sale, the vice president now directly owns 7,437 shares of the company’s stock, valued at $410,968.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joanne D. Smith sold 3,700 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total transaction of $199,800.00. Following the completion of the sale, the executive vice president now directly owns 77,223 shares in the company, valued at $4,170,042. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 141,000 shares of company stock worth $283,440 and sold 75,700 shares worth $4,171,150. Corporate insiders own 0.37% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. IHT Wealth Management LLC raised its holdings in Delta Air Lines by 40.9% in the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock valued at $146,000 after acquiring an additional 220 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in Delta Air Lines in the second quarter valued at $114,000. FNY Managed Accounts LLC acquired a new stake in Delta Air Lines in the first quarter valued at $100,000. Bessemer Group Inc. raised its holdings in Delta Air Lines by 104.3% in the second quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 1,298 shares in the last quarter. Finally, Advisory Services Network LLC raised its holdings in Delta Air Lines by 3.0% in the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 75 shares in the last quarter. 86.26% of the stock is currently owned by hedge funds and other institutional investors.
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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