Delta Air Lines (DAL) Releases FY18 Earnings Guidance

Delta Air Lines (NYSE:DAL) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $6.35-6.70 for the period, compared to the Thomson Reuters consensus estimate of $6.32. Delta Air Lines also updated its Q1 guidance to $0.65-0.75 EPS.

Delta Air Lines (DAL) opened at $56.16 on Tuesday. The firm has a market cap of $39,700.00, a PE ratio of 11.37, a PEG ratio of 0.75 and a beta of 1.16. Delta Air Lines has a 1 year low of $43.81 and a 1 year high of $60.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.42 and a quick ratio of 0.35.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.08. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.27%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 earnings per share. sell-side analysts predict that Delta Air Lines will post 6.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be given a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Thursday, February 22nd. Delta Air Lines’s payout ratio is presently 24.70%.

Several equities analysts have recently weighed in on DAL shares. Zacks Investment Research raised shares of Delta Air Lines from a hold rating to a buy rating and set a $59.00 price objective on the stock in a research report on Thursday, February 8th. Sanford C. Bernstein set a $67.00 price target on shares of Delta Air Lines and gave the stock a buy rating in a research report on Wednesday, January 10th. Stephens reaffirmed a buy rating and set a $72.00 price target on shares of Delta Air Lines in a research report on Wednesday, January 10th. Stifel Nicolaus reaffirmed a buy rating and set a $85.00 price target (up from $75.00) on shares of Delta Air Lines in a research report on Wednesday, January 10th. Finally, Cowen raised their price target on shares of Delta Air Lines from $62.00 to $66.00 and gave the stock an outperform rating in a research report on Friday, December 15th. One analyst has rated the stock with a sell rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $67.05.

In other news, Director George N. Mattson bought 10,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $51.89 per share, with a total value of $518,900.00. Following the acquisition, the director now directly owns 66,510 shares in the company, valued at $3,451,203.90. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Paul A. Jacobson sold 49,362 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $60.20, for a total transaction of $2,971,592.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 323,638 shares of company stock worth $18,537,123. Insiders own 0.37% of the company’s stock.

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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.

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

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