Delta Air Lines Inc. (NYSE:DAL) will be announcing its earnings results on Thursday, October 13th. Analysts expect the company to announce earnings of $1.64 per share for the quarter.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 14th. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. The firm earned $10.45 billion during the quarter, compared to the consensus estimate of $10.51 billion. Delta Air Lines had a return on equity of 40.31% and a net margin of 11.88%. The company’s revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.27 EPS. On average, analysts expect Delta Air Lines to post $5.70 EPS for the current fiscal year and $5.59 EPS for the next fiscal year.

Earnings History for Delta Air Lines (NYSE:DAL)

Shares of Delta Air Lines Inc. (NYSE:DAL) opened at 39.77 on Tuesday. The company has a market capitalization of $30.15 billion, a P/E ratio of 6.48 and a beta of 0.95. Delta Air Lines Inc. has a 52-week low of $32.60 and a 52-week high of $52.77. The stock’s 50 day moving average price is $38.04 and its 200-day moving average price is $40.42.

In other news, Director George N. Mattson purchased 10,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was purchased at an average price of $36.50 per share, with a total value of $365,000.00. Following the completion of the purchase, the director now directly owns 54,750 shares in the company, valued at approximately $1,998,375. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Steven M. Sear sold 4,671 shares of Delta Air Lines stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $40.16, for a total value of $187,587.36. Following the sale, the insider now directly owns 52,174 shares of the company’s stock, valued at approximately $2,095,307.84. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

A number of large investors have recently modified their holdings of DAL. Capital Guardian Trust Co. raised its stake in shares of Delta Air Lines by 168.2% in the second quarter. Capital Guardian Trust Co. now owns 3,189 shares of the company’s stock valued at $116,000 after buying an additional 2,000 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in shares of Delta Air Lines during the second quarter valued at about $293,000. Lumina Fund Management LLC purchased a new stake in shares of Delta Air Lines during the second quarter valued at about $364,000. Ingalls & Snyder LLC purchased a new stake in shares of Delta Air Lines during the second quarter valued at about $401,000. Finally, Banced Corp raised its stake in shares of Delta Air Lines by 19.8% in the second quarter. Banced Corp now owns 13,554 shares of the company’s stock valued at $609,000 after buying an additional 2,238 shares during the period. 84.51% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on DAL shares. Cowen and Company restated an “outperform” rating and issued a $55.00 target price on shares of Delta Air Lines in a report on Thursday, August 11th. JPMorgan Chase & Co. dropped their price target on Delta Air Lines from $63.00 to $48.50 and set an “overweight” rating on the stock in a report on Wednesday, July 27th. Imperial Capital initiated coverage on Delta Air Lines in a report on Wednesday, August 24th. They set an “in-line” rating and a $41.00 price target on the stock. Raymond James Financial Inc. reiterated an “outperform” rating on shares of Delta Air Lines in a report on Wednesday, June 15th. Finally, Vetr lowered Delta Air Lines from a “strong-buy” rating to a “hold” rating and set a $41.22 price target on the stock. in a report on Thursday, October 6th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $53.67.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through segments, including Airline Segment and Refinery Segment. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.

5 Day Chart for NYSE:DAL

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