Delta Air Lines (NYSE:DAL) Releases Q2 2021 Earnings Guidance


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Delta Air Lines (NYSE:DAL) issued an update on its second quarter 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $5.62 billion-$6.25 billion, compared to the consensus revenue estimate of $6.22 billion.

A number of analysts recently weighed in on DAL shares. Jefferies Financial Group upped their price objective on shares of Delta Air Lines from $40.00 to $50.00 and gave the stock a hold rating in a research note on Tuesday, March 30th. Susquehanna Bancshares downgraded shares of Delta Air Lines from a positive rating to a neutral rating and increased their price objective for the company from $42.00 to $45.00 in a research note on Thursday, January 14th. Evercore ISI lifted their price objective on shares of Delta Air Lines from $51.00 to $55.00 and gave the company an overweight rating in a report on Friday, January 15th. Deutsche Bank Aktiengesellschaft upgraded Delta Air Lines from a hold rating to a buy rating and set a $55.00 target price for the company in a report on Monday, March 1st. Finally, JPMorgan Chase & Co. lifted their price target on Delta Air Lines from $49.00 to $63.00 and gave the company an overweight rating in a report on Tuesday, April 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $47.85.

DAL stock traded down $1.91 during midday trading on Tuesday, reaching $44.66. The stock had a trading volume of 14,679,110 shares, compared to its average volume of 13,148,145. The firm has a fifty day simple moving average of $47.85 and a two-hundred day simple moving average of $41.96. Delta Air Lines has a 52-week low of $17.51 and a 52-week high of $52.28. The company has a debt-to-equity ratio of 8.88, a quick ratio of 1.23 and a current ratio of 1.27. The stock has a market cap of $28.57 billion, a PE ratio of -2.28 and a beta of 1.45.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Wednesday, April 14th. The transportation company reported ($3.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.73) by ($0.82). The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Delta Air Lines had a negative return on equity of 39.69% and a negative net margin of 42.88%. The company’s revenue for the quarter was down 60.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.51) earnings per share. On average, sell-side analysts predict that Delta Air Lines will post -0.58 EPS for the current fiscal year.

In other news, President Glen W. Hauenstein sold 60,586 shares of the company’s stock in a transaction on Friday, February 12th. The shares were sold at an average price of $43.46, for a total value of $2,633,067.56. Company insiders own 0.63% of the company’s stock.

About Delta Air Lines

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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, London-Heathrow, Mexico City, Paris-Charles de Gaulle, and Seoul-Incheon.

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

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