Analysts Anticipate Delta Air Lines, Inc. (DAL) to Announce $1.04 Earnings Per Share
Brokerages expect that Delta Air Lines, Inc. (NYSE:DAL) will report earnings of $1.04 per share for the current quarter, according to Zacks. Five analysts have provided estimates for Delta Air Lines’ earnings, with the lowest EPS estimate coming in at $0.98 and the highest estimate coming in at $1.13. Delta Air Lines reported earnings per share of $0.82 during the same quarter last year, which would suggest a positive year over year growth rate of 26.8%. The firm is scheduled to announce its next earnings results on Thursday, January 11th.
According to Zacks, analysts expect that Delta Air Lines will report full-year earnings of $5.01 per share for the current fiscal year, with EPS estimates ranging from $4.95 to $5.06. For the next year, analysts expect that the business will post earnings of $5.48 per share, with EPS estimates ranging from $4.66 to $5.90. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Delta Air Lines.
Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.04. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The company had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $11.03 billion. During the same quarter in the previous year, the company earned $1.70 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year.
A number of research analysts recently commented on DAL shares. Stifel Nicolaus restated a “buy” rating and issued a $80.00 price target (up previously from $75.00) on shares of Delta Air Lines in a research report on Friday, July 14th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $62.00 price objective (up from $58.00) on shares of Delta Air Lines in a research note on Friday, July 14th. ValuEngine lowered Delta Air Lines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Bank of America Corporation raised their price objective on Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, June 30th. Finally, Vetr raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $56.43 price objective on the stock in a research note on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $63.84.
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Shares of Delta Air Lines (NYSE DAL) traded up 1.91% during midday trading on Friday, hitting $53.27. 6,707,843 shares of the stock traded hands. The company has a market capitalization of $38.14 billion, a P/E ratio of 10.71 and a beta of 1.24. Delta Air Lines has a 1-year low of $40.05 and a 1-year high of $55.75. The stock has a 50 day moving average of $49.83 and a 200 day moving average of $49.75.
In other news, Director George N. Mattson acquired 6,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was purchased at an average price of $45.44 per share, for a total transaction of $272,640.00. Following the completion of the acquisition, the director now directly owns 61,510 shares in the company, valued at approximately $2,795,014.40. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steven M. Sear sold 6,898 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $53.01, for a total value of $365,662.98. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 75,000 shares of company stock valued at $278,160 and sold 200,001 shares valued at $10,630,333. Insiders own 0.37% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DAL. BlackRock Inc. increased its holdings in shares of Delta Air Lines by 2,951.4% during the first quarter. BlackRock Inc. now owns 45,260,856 shares of the transportation company’s stock valued at $2,080,189,000 after acquiring an additional 43,777,555 shares in the last quarter. Winslow Capital Management LLC increased its holdings in shares of Delta Air Lines by 5,815,030.8% during the first quarter. Winslow Capital Management LLC now owns 4,535,802 shares of the transportation company’s stock valued at $208,465,000 after acquiring an additional 4,535,724 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Delta Air Lines by 85.6% during the first quarter. Dimensional Fund Advisors LP now owns 7,039,445 shares of the transportation company’s stock valued at $323,542,000 after acquiring an additional 3,245,791 shares in the last quarter. Sound Shore Management Inc. CT bought a new stake in shares of Delta Air Lines during the second quarter valued at approximately $158,224,000. Finally, TIAA CREF Investment Management LLC increased its holdings in shares of Delta Air Lines by 77.6% during the second quarter. TIAA CREF Investment Management LLC now owns 5,364,934 shares of the transportation company’s stock valued at $288,312,000 after acquiring an additional 2,343,531 shares in the last quarter. Hedge funds and other institutional investors own 86.22% 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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