Equities analysts expect that Delta Air Lines (NYSE:DAL) will post $11.57 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Delta Air Lines’ earnings. The lowest sales estimate is $11.42 billion and the highest is $11.65 billion. Delta Air Lines reported sales of $10.79 billion in the same quarter last year, which indicates a positive year over year growth rate of 7.2%. The company is scheduled to report its next quarterly earnings report on Thursday, July 12th.
On average, analysts expect that Delta Air Lines will report full-year sales of $43.89 billion for the current year, with estimates ranging from $43.35 billion to $44.62 billion. For the next year, analysts forecast that the firm will post sales of $45.70 billion per share, with estimates ranging from $44.78 billion to $46.73 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Delta Air Lines.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, April 12th. The transportation company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.01. The business had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.89 billion. Delta Air Lines had a return on equity of 26.19% and a net margin of 8.37%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 EPS.
Several analysts have weighed in on the company. Stephens reiterated a “buy” rating and set a $72.00 price target on shares of Delta Air Lines in a research note on Wednesday, January 10th. Stifel Nicolaus restated a “buy” rating and issued a $85.00 target price (up previously from $75.00) on shares of Delta Air Lines in a research note on Wednesday, January 10th. Morgan Stanley upped their target price on Delta Air Lines from $66.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday. Zacks Investment Research upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Thursday, February 8th. Finally, Imperial Capital restated an “outperform” rating and issued a $65.00 target price (up previously from $63.00) on shares of Delta Air Lines in a research note on Friday, January 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. Delta Air Lines presently has an average rating of “Buy” and a consensus target price of $68.05.
In other Delta Air Lines news, Director George N. Mattson purchased 10,000 shares of Delta Air Lines stock in a transaction that occurred on Thursday, February 8th. The stock was bought at an average price of $51.89 per share, with a total value of $518,900.00. Following the acquisition, the director now owns 66,510 shares of the company’s stock, valued at approximately $3,451,203.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO W Gilbert West sold 17,250 shares of the company’s stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $55.00, for a total value of $948,750.00. Following the completion of the transaction, the chief operating officer now directly owns 119,447 shares of the company’s stock, valued at approximately $6,569,585. The disclosure for this sale can be found here. Insiders sold a total of 57,888 shares of company stock valued at $3,340,180 in the last ninety days. 0.37% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baker Ellis Asset Management LLC acquired a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $106,000. SeaCrest Wealth Management LLC acquired a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $121,000. Global Trust Asset Management LLC acquired a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $185,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Delta Air Lines by 233.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,500 shares of the transportation company’s stock valued at $196,000 after acquiring an additional 2,450 shares during the last quarter. Finally, Nadler Financial Group Inc. acquired a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $202,000. 87.61% of the stock is owned by institutional investors.
Delta Air Lines stock opened at $55.50 on Tuesday. The company has a current ratio of 0.39, a quick ratio of 0.33 and a debt-to-equity ratio of 0.51. The stock has a market cap of $39,028.68, a price-to-earnings ratio of 11.17 and a beta of 1.08. Delta Air Lines has a fifty-two week low of $44.59 and a fifty-two week high of $60.79.
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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, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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