Delta Air Lines (DAL) Releases Q4 2018 Earnings Guidance

Delta Air Lines (NYSE:DAL) issued an update on its fourth quarter 2018 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.10-1.30 for the period, compared to the Thomson Reuters consensus estimate of $1.25. The company issued revenue guidance of $11.064-11.064 billion, compared to the consensus revenue estimate of $10.78 billion.

Several brokerages have issued reports on DAL. Stephens restated a buy rating and set a $68.00 target price on shares of Delta Air Lines in a research report on Monday, October 1st. Citigroup dropped their target price on 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. Cfra restated a buy rating and set a $70.00 target price on shares of Delta Air Lines in a research report on Monday, June 18th. Macquarie set a $69.00 target price on Delta Air Lines and gave the company a buy rating in a research report on Monday, October 8th. Finally, ValuEngine lowered Delta Air Lines from a hold rating to a sell rating in a research report on Wednesday, July 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Delta Air Lines currently has an average rating of Buy and a consensus target price of $67.36.

Shares of NYSE:DAL opened at $52.05 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.40 and a debt-to-equity ratio of 0.67. The company has a market cap of $39.98 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 0.51 and a beta of 1.00. Delta Air Lines has a 1 year low of $48.33 and a 1 year high of $60.79.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, October 11th. The transportation company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.06. The firm had revenue of $11.95 billion during the quarter, compared to analyst estimates of $11.96 billion. Delta Air Lines had a return on equity of 26.75% and a net margin of 7.72%. During the same quarter in the previous year, the business earned $1.57 earnings per share. Analysts anticipate that Delta Air Lines will post 5.6 EPS for the current fiscal year.

In related news, VP Craig M. Meynard sold 1,793 shares of the business’s stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $54.31, for a total value of $97,377.83. Following the completion of the sale, the vice president now owns 7,170 shares in the company, valued at $389,402.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William H. Easter III sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $58.47, for a total value of $175,410.00. The disclosure for this sale can be found here. Insiders sold 102,787 shares of company stock valued at $5,519,226 in the last quarter. 0.33% of the stock is owned by company insiders.

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

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