Wall Street analysts expect that Delta Air Lines, Inc. (NYSE:DAL) will post $9.99 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Delta Air Lines’ earnings. The lowest sales estimate is $9.92 billion and the highest is $10.05 billion. Delta Air Lines posted sales of $9.46 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.6%. The company is scheduled to report its next quarterly earnings report on Thursday, January 11th.
On average, analysts expect that Delta Air Lines will report full-year sales of $9.99 billion for the current year, with estimates ranging from $40.92 billion to $41.05 billion. For the next year, analysts forecast that the firm will report sales of $42.95 billion per share, with estimates ranging from $42.62 billion to $43.22 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Delta Air Lines.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.04. The business had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.03 billion. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.70 EPS.
In other news, CEO Edward H. Bastian sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $52.79, for a total value of $1,055,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward H. Bastian sold 159,240 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $53.06, for a total value of $8,449,274.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 239,810 shares of company stock valued at $12,684,903. Company insiders own 0.37% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Investec Asset Management LTD bought a new position in Delta Air Lines during the 3rd quarter valued at approximately $157,977,000. Sound Shore Management Inc. CT bought a new position in Delta Air Lines during the 2nd quarter valued at approximately $158,224,000. TIAA CREF Investment Management LLC increased its position in Delta Air Lines by 77.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,364,934 shares of the transportation company’s stock valued at $288,312,000 after buying an additional 2,343,531 shares in the last quarter. PointState Capital LP bought a new position in Delta Air Lines during the 2nd quarter valued at approximately $106,866,000. Finally, Anchor Bolt Capital LP bought a new position in Delta Air Lines during the 3rd quarter valued at approximately $68,141,000. 85.22% of the stock is owned by hedge funds and other institutional investors.
Delta Air Lines (NYSE DAL) opened at $52.06 on Friday. The firm has a market capitalization of $37,730.54, a PE ratio of 11.02, a price-to-earnings-growth ratio of 1.61 and a beta of 1.29. The company has a quick ratio of 0.36, a current ratio of 0.43 and a debt-to-equity ratio of 0.54. Delta Air Lines has a one year low of $43.81 and a one year high of $55.75.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, November 16th. Delta Air Lines’s dividend payout ratio (DPR) is currently 24.50%.
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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