According to Zacks, Wall Street stockbrokers expect Delta Air Lines, Inc. (NYSE:DAL – Get Rating) to report earnings of $0.55 per share for the current quarter. Three analysts have issued estimates for Delta Air Lines’ earnings, with the highest EPS estimate at $1.45 and the lowest estimate at ($0.19). Delta Air Lines reported earnings per share of ($1.07) for the same quarter last year, indicating a positive growth rate of 151.4% year over year. The company is expected to release its next quarterly report on Monday, January 1st.
According to Zacks, analysts expect Delta Air Lines to report full-year earnings per share for the current fiscal year of $1.38, with EPS estimates ranging from ($0.50) to $2.91. For the next fiscal year, analysts expect the company to report earnings of $5.46 per share, with EPS estimates ranging from $2.15 to $6.45. Zacks EPS calculations are a median average based on a survey of sales-side research firms covering Delta Air Lines.
Delta Air Lines (NYSE:DAL – Get Rating) last released its quarterly earnings data on Wednesday, April 13th. The transportation company reported ($1.23) EPS for the quarter, beating the Zacks consensus estimate of ($1.27) by $0.04. Delta Air Lines had a negative return on equity of 41.80% and a net margin of 1.47%. The company made $9.35 billion in revenue for the quarter, compared to analysts’ expectations of $8.99 billion. In the same period last year, the company made earnings per share ($3.55). The company’s revenue increased 125.3% compared to the same quarter last year.
Several analysts have recently issued reports on the stock. UBS Group upgraded shares of Delta Air Lines to a “buy” rating in a research report on Friday, January 7th. Jefferies Financial Group raised its target price on Delta Air Lines to $50.00 from $45.00 and gave the stock a “buy” rating in a report on Wednesday, January 5. Goldman Sachs Group raised its target price on Delta Air Lines to $44.00 from $39.00, giving the company a neutral rating in a report Thursday. Raymond James lowered its price target on Delta Air Lines to $53.00 from $55.00 and gave the stock a “strong buy” rating in a research report on Friday, January th. Finally, Bank of America raised its target price on Delta Air Lines to $50.00 from $47.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, four with a hold rating, eleven with a buy rating and one with a strong buy rating. Based on data from MarketBeat, Delta Air Lines currently has a consensus rating of Buy and an average target price of $52.44.
In related news, SVP William C. Carroll sold 3,580 shares of the company’s stock in a transaction on Wednesday, February 2nd. The shares sold at an average price of $40.08 for a total transaction of $143,486.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed at this hyperlink. 0.63% of the shares are owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their holdings in DAL. MML Investors Services LLC increased its stake in Delta Air Lines by 0.3% in the fourth quarter. MML Investors Services LLC now owns 71,502 shares of the transportation company’s stock valued at $2,794,000 after purchasing an additional 227 shares last quarter. UMB Bank NA MO increased its stake in Delta Air Lines shares by 2.8% in the fourth quarter. UMB Bank NA MO now owns 8,418 shares of the transportation company valued at $329,000, having bought an additional 228 shares during the period. Cookson Peirce & Co. Inc. increased its position in Delta Air Lines by 0.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 65,404 shares of the transportation company’s stock valued at $2,556,000 after buying another 253 shares last quarter. Kovitz Investment Group Partners LLC increased its stake in Delta Air Lines by 0.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 54,775 shares of the transportation company’s stock valued at $2,203,000 after purchasing an additional 254 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its position in Delta Air Lines by 2.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 10,167 shares of the transportation company, valued at $397,000, after purchasing an additional 269 shares last quarter. Hedge funds and other institutional investors own 62.86% of the company’s shares.
NYSE DAL shares opened at $42.36 on Monday. The company has a gearing ratio of 8.17, a quick ratio of 0.60 and a current ratio of 0.65. The company has a 50-day moving average of $38.63 and a 200-day moving average of $39.49. The company has a market cap of $27.11 billion, a P/E of 53.62 and a beta of 1.20. Delta Air Lines has a yearly low of $29.75 and a yearly high of $49.05.
Delta Air Lines Company Profile (get rating)
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and internationally. The company operates in two segments, airline and refinery. The domestic network was centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, and coastal centers in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network focused on hubs and market presence in Amsterdam, Mexico City, London-Heathrow, Paris-Charles de Gaulle and Seoul-Incheon.
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