$10.17 Billion in Sales Expected for Delta Air Lines, Inc. (DAL) This Quarter

Brokerages forecast that Delta Air Lines, Inc. (NYSE:DAL) will report $10.17 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Delta Air Lines’ earnings, with the highest sales estimate coming in at $10.21 billion and the lowest estimate coming in at $10.14 billion. Delta Air Lines reported sales of $9.46 billion in the same quarter last year, which would suggest a positive year over year growth rate of 7.5%. The business is expected to issue its next quarterly earnings report on Thursday, January 11th.

According to Zacks, analysts expect that Delta Air Lines will report full-year sales of $10.17 billion for the current year, with estimates ranging from $41.13 billion to $41.21 billion. For the next financial year, analysts anticipate that the firm will post sales of $43.38 billion per share, with estimates ranging from $43.14 billion to $43.69 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Delta Air Lines.

Delta Air Lines (NYSE:DAL) last released its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.04. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The firm had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $11.03 billion. During the same period in the prior year, the company earned $1.70 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis.

DAL has been the subject of several recent analyst reports. JPMorgan Chase & Co. restated an “overweight” rating and set a $63.00 target price (down from $67.00) on shares of Delta Air Lines in a research note on Wednesday, September 27th. ValuEngine upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Cowen upped their target price on Delta Air Lines from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, October 12th. Stifel Nicolaus restated a “buy” rating and set a $75.00 target price (down from $80.00) on shares of Delta Air Lines in a research note on Friday, September 22nd. Finally, Macquarie initiated coverage on Delta Air Lines in a research note on Monday, September 25th. They set an “outperform” rating and a $61.00 target price for the company. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Delta Air Lines presently has an average rating of “Buy” and an average target price of $64.12.

Shares of Delta Air Lines (NYSE DAL) opened at $55.97 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.43. Delta Air Lines has a 12 month low of $43.81 and a 12 month high of $56.84. The firm has a market capitalization of $39,705.47, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.78 and a beta of 1.30.

The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Thursday, November 16th. Delta Air Lines’s payout ratio is 24.50%.

In other news, insider Steven M. Sear sold 6,898 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $53.01, for a total value of $365,662.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 25,000 shares of the stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $56.47, for a total value of $1,411,750.00. Following the completion of the transaction, the chief executive officer now owns 240,508 shares of the company’s stock, valued at $13,581,486.76. The disclosure for this sale can be found here. Insiders sold a total of 449,198 shares of company stock valued at $24,427,525 over the last quarter. 0.37% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mutual of America Capital Management LLC increased its holdings in Delta Air Lines by 68.0% in the third quarter. Mutual of America Capital Management LLC now owns 151,376 shares of the transportation company’s stock valued at $7,299,000 after purchasing an additional 61,298 shares during the period. First Republic Investment Management Inc. increased its holdings in Delta Air Lines by 13.5% in the third quarter. First Republic Investment Management Inc. now owns 215,189 shares of the transportation company’s stock valued at $10,376,000 after purchasing an additional 25,549 shares during the period. Dupont Capital Management Corp increased its holdings in Delta Air Lines by 85.6% in the third quarter. Dupont Capital Management Corp now owns 709,631 shares of the transportation company’s stock valued at $34,218,000 after purchasing an additional 327,381 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its holdings in Delta Air Lines by 253.3% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 334,696 shares of the transportation company’s stock valued at $16,219,000 after purchasing an additional 239,959 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Delta Air Lines by 4.6% in the third quarter. Principal Financial Group Inc. now owns 2,594,341 shares of the transportation company’s stock valued at $125,099,000 after purchasing an additional 114,863 shares during the period. Institutional investors and hedge funds own 85.01% of the company’s stock.

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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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Earnings History and Estimates for Delta Air Lines (NYSE:DAL)

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