Delta Air Lines (DAL) Updates Q1 Earnings Guidance

Delta Air Lines (NYSE:DAL) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.65-0.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.77. Delta Air Lines also updated its FY18 guidance to $6.35-6.70 EPS.

A number of equities analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Delta Air Lines to $90.00 and gave the company a buy rating in a research report on Wednesday, February 28th. Vetr upgraded shares of Delta Air Lines from a hold rating to a strong-buy rating and set a $66.79 price target on the stock in a research report on Tuesday, February 27th. Morgan Stanley reduced their price target on shares of Delta Air Lines from $68.00 to $64.00 and set an overweight rating on the stock in a research report on Friday, February 23rd. Zacks Investment Research upgraded shares of Delta Air Lines from a hold rating to a buy rating and set a $59.00 price target on the stock in a research report on Thursday, February 8th. Finally, Imperial Capital restated an outperform rating and issued a $65.00 price target (up from $63.00) on shares of Delta Air Lines in a research report on Friday, January 12th. One analyst has rated the stock with a sell rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $67.05.

Delta Air Lines (DAL) opened at $56.16 on Tuesday. Delta Air Lines has a 12-month low of $43.81 and a 12-month high of $60.79. The stock has a market cap of $39,700.00, a P/E ratio of 11.37, a PEG ratio of 0.75 and a beta of 1.16. 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 (NYSE:DAL) last announced its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.08. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.27%. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the business earned $0.82 earnings per share. Delta Air Lines’s quarterly revenue was up 8.3% on a year-over-year basis. research analysts anticipate that Delta Air Lines will post 6.44 EPS for the current fiscal year.

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

In related news, Director George N. Mattson bought 10,000 shares of Delta Air Lines stock in a transaction dated Thursday, February 8th. The shares were bought at an average cost of $51.89 per share, for a total transaction of $518,900.00. Following the completion of the transaction, the director now owns 66,510 shares of the company’s stock, valued at $3,451,203.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO W Gilbert West sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $56.06, for a total transaction of $504,540.00. Following the transaction, the chief operating officer now owns 61,872 shares in the company, valued at $3,468,544.32. The disclosure for this sale can be found here. Insiders have sold 323,638 shares of company stock worth $18,537,123 over the last quarter. 0.37% of the stock is owned by company 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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