Delta Air Lines Inc. (NYSE:DAL) – Imperial Capital lowered their FY2016 earnings per share estimates for Delta Air Lines in a research report issued on Friday. Imperial Capital analyst M. Derchin now forecasts that the brokerage will post earnings per share of $5.67 for the year, down from their prior estimate of $5.75. Imperial Capital has a “In-Line” rating and a $44.00 price objective on the stock. Imperial Capital also issued estimates for Delta Air Lines’ Q4 2016 earnings at $1.18 EPS, Q1 2017 earnings at $0.95 EPS, Q2 2017 earnings at $1.67 EPS, Q3 2017 earnings at $1.53 EPS, FY2017 earnings at $5.25 EPS, FY2018 earnings at $5.75 EPS and FY2019 earnings at $2.30 EPS.

A number of other analysts have also issued reports on DAL. Piper Jaffray Cos. set a $35.00 price objective on Delta Air Lines and gave the company a “buy” rating in a research note on Sunday, August 21st. Argus restated a “buy” rating and issued a $60.00 target price on shares of Delta Air Lines in a research note on Friday, July 15th. Bank of America Corp. set a $60.00 target price on Delta Air Lines and gave the stock a “buy” rating in a research note on Tuesday, October 4th. JPMorgan Chase & Co. decreased their target price on Delta Air Lines from $63.00 to $48.50 and set an “overweight” rating on the stock in a research note on Wednesday, July 27th. Finally, Deutsche Bank AG upped their target price on Delta Air Lines from $48.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, July 18th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.17.

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

Delta Air Lines (NYSE:DAL) opened at 40.04 on Monday. The stock’s 50 day moving average price is $38.38 and its 200-day moving average price is $40.34. The company has a market capitalization of $30.35 billion, a P/E ratio of 6.52 and a beta of 0.95. Delta Air Lines has a 12 month low of $32.60 and a 12 month high of $52.77.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, October 13th. The company reported $1.70 EPS for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.05. Delta Air Lines had a return on equity of 37.39% and a net margin of 11.92%. The firm had revenue of $10.48 billion for the quarter. During the same period in the previous year, the business posted $1.74 earnings per share. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year.

In other news, CFO Paul A. Jacobson bought 25,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The stock was purchased at an average price of $38.91 per share, with a total value of $972,750.00. Following the transaction, the chief financial officer now owns 328,631 shares of the company’s stock, valued at $12,787,032.21. 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 the stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $40.16, for a total value of $187,587.36. Following the completion of the transaction, 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. Company insiders own 0.75% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Integrated Investment Consultants LLC raised its position in shares of Delta Air Lines by 7.8% in the third quarter. Integrated Investment Consultants LLC now owns 7,540 shares of the company’s stock valued at $302,000 after buying an additional 545 shares in the last quarter. National Pension Service raised its position in shares of Delta Air Lines by 9.7% in the third quarter. National Pension Service now owns 175,736 shares of the company’s stock valued at $6,917,000 after buying an additional 15,501 shares in the last quarter. Private Trust Co. NA raised its position in shares of Delta Air Lines by 2.2% in the third quarter. Private Trust Co. NA now owns 13,369 shares of the company’s stock valued at $526,000 after buying an additional 288 shares in the last quarter. MSI Financial Services Inc raised its position in shares of Delta Air Lines by 5.6% in the third quarter. MSI Financial Services Inc now owns 32,506 shares of the company’s stock valued at $1,279,000 after buying an additional 1,728 shares in the last quarter. Finally, Patten & Patten Inc. TN raised its position in shares of Delta Air Lines by 12.6% in the third quarter. Patten & Patten Inc. TN now owns 274,811 shares of the company’s stock valued at $10,817,000 after buying an additional 30,683 shares in the last quarter. 84.49% of the stock is owned by hedge funds and other institutional investors.

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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