Delta Air Lines (NYSE:DAL) Updates FY 2019 Earnings Guidance

Delta Air Lines (NYSE:DAL) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $6.75-7.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.90. Delta Air Lines also updated its Q3 2019 guidance to $2.10-2.40 EPS.

Shares of NYSE DAL opened at $59.47 on Thursday. Delta Air Lines has a 12-month low of $45.08 and a 12-month high of $61.32. The stock 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. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.29 and a current ratio of 0.34. The company’s 50-day simple moving average is $55.74.

Delta Air Lines (NYSE:DAL) last announced 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. Delta Air Lines had a net margin of 9.09% and a return on equity of 30.10%. The company had revenue of $10.47 billion during the quarter, compared to analysts’ expectations of $10.39 billion. During the same quarter in the prior year, the company earned $0.74 EPS. On average, research analysts anticipate that Delta Air Lines will post 6.8 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be issued a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 2.71%. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.35. Delta Air Lines’s payout ratio is presently 24.78%.

Several brokerages have recently commented on DAL. Credit Suisse Group upped their price objective on shares of Delta Air Lines from $37.00 to $68.00 and gave the stock an outperform rating in a report on Thursday, April 11th. Imperial Capital dropped their price objective on shares of Montage Resources from $9.00 to $6.00 and set an inline rating on the stock in a research report on Wednesday. Buckingham Research increased their price objective on shares of Delta Air Lines from $62.00 to $71.00 and gave the company a buy rating in a research report on Wednesday, April 3rd. Raymond James increased their target price on shares of Delta Air Lines from $60.00 to $68.00 and gave the company an outperform rating in a research report on Thursday, April 11th. Finally, Stifel Nicolaus increased their target price on shares of Rapid7 from $52.00 to $58.00 and gave the company a buy rating in a research report on Wednesday, April 3rd. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $65.86.

In related news, 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 transaction of $479,057.11. Following the completion of the sale, the insider now owns 76,150 shares in the company, valued at approximately $4,056,510.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Peter W. Carter sold 25,000 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,450,250.00. Following the sale, the executive vice president now owns 85,295 shares of the company’s stock, valued at approximately $4,947,962.95. 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. Insiders own 0.47% of the company’s stock.

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

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