Delta Air Lines (NYSE:DAL) announced its quarterly earnings data on Tuesday. The transportation company reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.30, RTT News reports. The firm had revenue of $11.44 billion during the quarter, compared to analyst estimates of $11.37 billion. Delta Air Lines had a net margin of 10.12% and a return on equity of 32.84%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.30 EPS.
Shares of Delta Air Lines stock opened at $59.49 on Tuesday. The company has a current ratio of 0.34, a quick ratio of 0.29 and a debt-to-equity ratio of 0.89. The company’s fifty day simple moving average is $57.84 and its two-hundred day simple moving average is $57.73. The company has a market cap of $38.31 billion, a P/E ratio of 10.53, a PEG ratio of 0.59 and a beta of 1.11. Delta Air Lines has a 12-month low of $46.40 and a 12-month high of $63.44.
In other Delta Air Lines news, CEO Edward H. Bastian sold 30,236 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $57.55, for a total transaction of $1,740,081.80. Following the transaction, the chief executive officer now directly owns 323,955 shares of the company’s stock, valued at approximately $18,643,610.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.47% of the stock is currently owned by insiders.
A number of equities research analysts have recently weighed in on DAL shares. Citigroup started coverage on shares of Delta Air Lines in a report on Thursday, October 31st. They issued a “buy” rating and a $65.00 price objective for the company. Wolfe Research lowered shares of Delta Air Lines from an “outperform” rating to a “peer perform” rating in a report on Monday. Macquarie set a $62.00 price objective on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Friday, October 11th. Argus lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, Credit Suisse Group lowered their price target on shares of Delta Air Lines from $72.00 to $71.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. Delta Air Lines currently has a consensus rating of “Hold” and an average target price of $65.59.
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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