Delta Air Lines (NYSE:DAL) updated its third quarter 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $2.10-2.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.13. Delta Air Lines also updated its FY 2019 guidance to $6.75-7.25 EPS.
A number of analysts have recently commented on DAL shares. Bank of America set a $152.00 price target on Caterpillar and gave the stock a buy rating in a research report on Thursday, April 4th. Citigroup boosted their price target on Vistra Energy from $32.00 to $36.00 and gave the stock a buy rating in a research report on Thursday, April 11th. Raymond James boosted their price target on Delta Air Lines from $60.00 to $68.00 and gave the stock an outperform rating in a research report on Thursday, April 11th. Morgan Stanley boosted their price target on United Technologies from $155.00 to $164.00 and gave the stock an overweight rating in a research report on Monday, May 20th. Finally, Credit Suisse Group boosted their price target on Delta Air Lines from $37.00 to $68.00 and gave the stock an outperform rating in a research report on Thursday, April 11th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $65.86.
DAL stock opened at $59.47 on Thursday. The company has a market cap of $39.04 billion, a PE ratio of 10.53, a PEG ratio of 0.62 and a beta of 1.18. Delta Air Lines has a 12-month low of $45.08 and a 12-month high of $61.32. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.34 and a quick ratio of 0.29. The company has a 50 day simple moving average of $55.74.
Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, April 10th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.06. The business had revenue of $10.47 billion for the quarter, compared to analysts’ expectations of $10.39 billion. Delta Air Lines had a return on equity of 30.10% and a net margin of 9.09%. During the same period in the prior year, the firm posted $0.74 EPS. As a group, analysts predict that Delta Air Lines will post 6.8 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 25th will be given a $0.4025 dividend. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.35. This represents a $1.61 annualized dividend and a yield of 2.71%. Delta Air Lines’s dividend payout ratio is 24.78%.
In other news, CEO Edward H. Bastian sold 30,000 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $57.50, for a total transaction of $1,725,000.00. Following the transaction, the chief executive officer now directly owns 354,191 shares of the company’s stock, valued at approximately $20,365,982.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven M. Sear sold 8,993 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $53.27, for a total value of $479,057.11. Following the transaction, the insider now directly owns 76,150 shares in the company, valued at $4,056,510.50. The disclosure for this sale can be found here. Insiders sold a total of 65,003 shares of company stock worth $3,709,180 over the last ninety days. 0.47% of the stock is currently owned by insiders.
Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.
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