FY2017 Earnings Estimate for Delta Air Lines, Inc. (DAL) Issued By Imperial Capital

Delta Air Lines, Inc. (NYSE:DAL) – Research analysts at Imperial Capital dropped their FY2017 earnings per share (EPS) estimates for Delta Air Lines in a research report issued on Tuesday, Zacks Investment Research reports. Imperial Capital analyst M. Derchin now expects that the transportation company will post earnings per share of $4.92 for the year, down from their prior forecast of $5.05. Imperial Capital has a “Outperform” rating and a $65.00 price objective on the stock. Imperial Capital also issued estimates for Delta Air Lines’ Q4 2018 earnings at $1.33 EPS and FY2018 earnings at $5.70 EPS.

Several other equities research analysts also recently weighed in on DAL. Cowen raised their price target on Delta Air Lines from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, December 15th. Zacks Investment Research raised Delta Air Lines from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Stephens set a $67.00 price target on Delta Air Lines and gave the stock a “buy” rating in a report on Monday, December 18th. ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Finally, Morgan Stanley reissued an “overweight” rating and issued a $57.00 price target (up previously from $56.00) on shares of Delta Air Lines in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $65.53.

Delta Air Lines (DAL) traded up $1.31 on Thursday, reaching $59.83. The company’s stock had a trading volume of 12,261,426 shares, compared to its average volume of 8,160,000. Delta Air Lines has a 52 week low of $43.81 and a 52 week high of $60.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.43 and a quick ratio of 0.36. The stock has a market capitalization of $42,660.00, a price-to-earnings ratio of 12.11, a PEG ratio of 1.58 and a beta of 1.30.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. Delta Air Lines had a return on equity of 26.49% and a net margin of 8.67%. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year.

In other news, Director Francis S. Blake bought 3,350 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The stock was purchased at an average price of $59.76 per share, with a total value of $200,196.00. Following the completion of the acquisition, the director now directly owns 33,520 shares of the company’s stock, valued at approximately $2,003,155.20. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Edward H. Bastian sold 25,000 shares of Delta Air Lines stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $56.47, for a total value of $1,411,750.00. Following the sale, the chief executive officer now directly owns 240,508 shares of the company’s stock, valued at approximately $13,581,486.76. The disclosure for this sale can be found here. Insiders have sold 249,197 shares of company stock valued at $13,797,192 in the last ninety days. Corporate insiders own 0.37% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Roundview Capital LLC raised its position in Delta Air Lines by 0.3% during the second quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock valued at $275,000 after acquiring an additional 15 shares in the last quarter. MUFG Securities EMEA plc raised its position in Delta Air Lines by 1.2% during the second quarter. MUFG Securities EMEA plc now owns 5,307 shares of the transportation company’s stock valued at $285,000 after acquiring an additional 65 shares in the last quarter. Advisory Services Network LLC raised its position in Delta Air Lines by 3.0% during the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 75 shares in the last quarter. Bradley Foster & Sargent Inc. CT raised its position in Delta Air Lines by 0.3% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 44,398 shares of the transportation company’s stock valued at $2,386,000 after acquiring an additional 125 shares in the last quarter. Finally, Thompson Davis & CO. Inc. raised its position in Delta Air Lines by 3.4% during the second quarter. Thompson Davis & CO. Inc. now owns 4,449 shares of the transportation company’s stock valued at $239,000 after acquiring an additional 147 shares in the last quarter. Institutional investors own 85.01% of the company’s stock.

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About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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

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