Delta Air Lines Inc. (NYSE:DAL) issued its earnings results on Thursday. The company reported $1.70 EPS for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.06. Delta Air Lines had a net margin of 11.88% and a return on equity of 40.31%. The business had revenue of $10.48 billion for the quarter, compared to the consensus estimate of $11.11 billion.

Shares of Delta Air Lines (NYSE:DAL) opened at 39.27 on Thursday. The firm’s 50 day moving average is $38.18 and its 200-day moving average is $40.40. The company has a market capitalization of $29.77 billion, a P/E ratio of 6.40 and a beta of 0.95. Delta Air Lines has a 52-week low of $32.60 and a 52-week high of $52.77.

Earnings History for Delta Air Lines (NYSE:DAL)

A number of equities research analysts recently weighed in on the stock. Piper Jaffray Cos. set a $35.00 price target on shares of Delta Air Lines and gave the company a “buy” rating in a report on Sunday, August 21st. Raymond James Financial Inc. reaffirmed an “outperform” rating on shares of Delta Air Lines in a report on Wednesday, June 15th. Argus reaffirmed a “buy” rating and set a $60.00 price target on shares of Delta Air Lines in a report on Friday, July 15th. Deutsche Bank AG raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Tuesday, July 12th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $55.00 price target on shares of Delta Air Lines in a report on Thursday, August 11th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $53.07.

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

Institutional investors have recently added to or reduced their stakes in the stock. Capital Guardian Trust Co. boosted its position in 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 last quarter. Stratos Wealth Partners LTD. bought a new position in Delta Air Lines during the second quarter valued at approximately $293,000. Lumina Fund Management LLC bought a new position in Delta Air Lines during the second quarter valued at approximately $364,000. Ingalls & Snyder LLC bought a new position in Delta Air Lines during the second quarter valued at approximately $401,000. Finally, First Allied Advisory Services Inc. boosted its position in Delta Air Lines by 0.9% in the second quarter. First Allied Advisory Services Inc. now owns 14,414 shares of the company’s stock valued at $538,000 after buying an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 84.51% of the company’s stock.

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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