Analysts Issue Forecasts for Delta Air Lines, Inc.’s Q4 2017 Earnings (DAL)

Delta Air Lines, Inc. (NYSE:DAL) – Equities researchers at Imperial Capital dropped their Q4 2017 earnings per share (EPS) estimates for shares of Delta Air Lines in a research report issued to clients and investors on Tuesday, according to Zacks Investment Research. Imperial Capital analyst M. Derchin now expects that the transportation company will earn $0.94 per share for the quarter, down from their prior forecast of $1.07. Imperial Capital has a “Outperform” rating and a $65.00 price objective on the stock. Imperial Capital also issued estimates for Delta Air Lines’ Q1 2018 earnings at $0.81 EPS, Q2 2018 earnings at $1.72 EPS and Q3 2018 earnings at $1.85 EPS.

A number of other research firms have also recently commented on DAL. JPMorgan Chase & Co. reissued an “overweight” rating and set a $63.00 price target (down from $67.00) on shares of Delta Air Lines in a report on Wednesday, September 27th. ValuEngine upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Cowen raised their price objective on Delta Air Lines from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, October 12th. Sanford C. Bernstein set a $67.00 price objective on Delta Air Lines and gave the company a “buy” rating in a research report on Wednesday. Finally, Stifel Nicolaus restated a “buy” rating and set a $75.00 price objective (down previously from $80.00) on shares of Delta Air Lines in a research report on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $65.53.

Delta Air Lines (NYSE DAL) traded up $1.31 during trading hours on Wednesday, reaching $59.83. The company’s stock had a trading volume of 12,270,000 shares, compared to its average volume of 8,160,000. The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $42,660.00, a PE ratio of 12.11, a PEG ratio of 1.58 and a beta of 1.30. Delta Air Lines has a twelve month low of $43.81 and a twelve month high of $60.50.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC boosted its position in shares of Delta Air Lines by 68.0% during the third quarter. Mutual of America Capital Management LLC now owns 151,376 shares of the transportation company’s stock valued at $7,299,000 after buying an additional 61,298 shares during the period. State of Tennessee Treasury Department boosted its position in shares of Delta Air Lines by 78.0% during the second quarter. State of Tennessee Treasury Department now owns 713,955 shares of the transportation company’s stock valued at $38,368,000 after buying an additional 312,863 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Delta Air Lines by 57.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,036 shares of the transportation company’s stock valued at $6,236,000 after buying an additional 42,150 shares during the period. First Republic Investment Management Inc. boosted its position in shares of Delta Air Lines by 13.5% during the third quarter. First Republic Investment Management Inc. now owns 215,189 shares of the transportation company’s stock valued at $10,376,000 after buying an additional 25,549 shares during the period. Finally, Dupont Capital Management Corp boosted its position in shares of Delta Air Lines by 85.6% during the third quarter. Dupont Capital Management Corp now owns 709,631 shares of the transportation company’s stock valued at $34,218,000 after buying an additional 327,381 shares during the period. Institutional investors own 85.01% of the company’s stock.

In related news, 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 completion of the transaction, the chief executive officer now owns 240,508 shares in the company, valued at $13,581,486.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Peter W. Carter sold 19,809 shares of Delta Air Lines stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $50.42, for a total value of $998,769.78. Following the completion of the transaction, the executive vice president now owns 67,077 shares of the company’s stock, valued at approximately $3,382,022.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 249,197 shares of company stock valued at $13,797,192. 0.37% of the stock is currently owned by company insiders.

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Delta Air Lines Company Profile

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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