Delta Air Lines, Inc. (NYSE:DAL) – Equities research analysts at Imperial Capital lowered their Q1 2018 EPS estimates for shares of Delta Air Lines in a research report issued to clients and investors on Friday. Imperial Capital analyst M. Derchin now expects that the transportation company will post earnings of $0.80 per share for the quarter, down from their prior estimate of $0.81. Imperial Capital has a “Outperform” rating and a $65.00 price target on the stock. Imperial Capital also issued estimates for Delta Air Lines’ Q4 2018 earnings at $1.55 EPS.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 earnings per share.

DAL has been the subject of several other reports. Stephens set a $67.00 price objective on shares of Delta Air Lines and gave the company a “buy” rating in a research note on Monday, December 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $85.00 price objective (up from $75.00) on shares of Delta Air Lines in a research note on Wednesday, January 10th. UBS Group reaffirmed 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. Zacks Investment Research raised shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Vetr downgraded shares of Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 price objective for the company. in a research note on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Delta Air Lines currently has an average rating of “Buy” and a consensus price target of $65.53.

Delta Air Lines (NYSE:DAL) opened at $59.83 on Monday. The company has a market cap of $42,657.18, a PE ratio of 12.11 and a beta of 1.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.42. Delta Air Lines has a one year low of $43.81 and a one year high of $60.50.

A number of institutional investors and hedge funds have recently made changes to their positions in DAL. Investec Asset Management LTD purchased a new stake in Delta Air Lines in the third quarter worth about $157,977,000. PointState Capital LP purchased a new stake in Delta Air Lines in the second quarter worth about $106,866,000. Anchor Bolt Capital LP purchased a new stake in Delta Air Lines in the third quarter worth about $68,141,000. Parametric Portfolio Associates LLC grew its holdings in Delta Air Lines by 140.9% in the second quarter. Parametric Portfolio Associates LLC now owns 2,414,031 shares of the transportation company’s stock worth $129,730,000 after purchasing an additional 1,412,117 shares during the period. Finally, Alyeska Investment Group L.P. grew its holdings in Delta Air Lines by 35.8% in the third quarter. Alyeska Investment Group L.P. now owns 4,003,366 shares of the transportation company’s stock worth $193,042,000 after purchasing an additional 1,055,182 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

In other Delta Air Lines news, CEO Edward H. Bastian sold 25,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 240,508 shares in the company, valued at $13,581,486.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Francis S. Blake acquired 3,350 shares of the business’s stock in a transaction on Friday, January 12th. The stock was acquired at an average price of $59.76 per share, for a total transaction of $200,196.00. Following the acquisition, the director now owns 33,520 shares of the company’s stock, valued at approximately $2,003,155.20. The disclosure for this purchase can be found here. Over the last three months, insiders sold 249,197 shares of company stock valued at $13,797,192. 0.37% of the stock is owned by insiders.

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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.

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

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