Delta Air Lines (NYSE:DAL) will be issuing its quarterly earnings data before the market opens on Thursday, October 11th. Analysts expect the company to announce earnings of $1.76 per share for the quarter. Delta Air Lines has set its Q3 guidance at $1.65-1.85 EPS and its FY18 guidance at $5.35-5.70 EPS.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 12th. The transportation company reported $1.77 EPS for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.05. The business had revenue of $11.78 billion during the quarter, compared to analyst estimates of $11.73 billion. Delta Air Lines had a net margin of 7.72% and a return on equity of 26.75%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.64 earnings per share. On average, analysts expect Delta Air Lines to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Shares of DAL opened at $52.14 on Tuesday. The stock has a market cap of $39.98 billion, a PE ratio of 10.55, a P/E/G ratio of 0.51 and a beta of 1.00. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.40 and a quick ratio of 0.31. Delta Air Lines has a 52 week low of $48.33 and a 52 week high of $60.79.
In related news, Director William H. Easter III sold 3,000 shares of the stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $58.47, for a total value of $175,410.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO W Gilbert West sold 15,000 shares of the stock in a transaction dated Friday, July 13th. The stock was sold at an average price of $50.47, for a total transaction of $757,050.00. Following the completion of the transaction, the chief operating officer now directly owns 104,447 shares of the company’s stock, valued at approximately $5,271,440.09. The disclosure for this sale can be found here. Insiders sold 117,787 shares of company stock valued at $6,276,276 in the last three months. Company insiders own 0.33% of the company’s stock.
DAL has been the subject of a number of research analyst reports. Imperial Capital upped their price objective on shares of Delta Air Lines from $65.00 to $71.00 and gave the company an “outperform” rating in a research report on Wednesday, August 22nd. ValuEngine raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Stephens reaffirmed a “buy” rating and set a $68.00 price objective on shares of Delta Air Lines in a research report on Monday, October 1st. Buckingham Research upped their price objective on shares of Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, September 7th. Finally, Citigroup cut their price objective on shares of Delta Air Lines from $65.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Delta Air Lines presently has an average rating of “Buy” and an average price target of $67.85.
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 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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