Delta Air Lines, Inc. Expected to Earn Q2 2017 Earnings of $1.73 Per Share (NYSE:DAL)
Delta Air Lines, Inc. (NYSE:DAL) – Imperial Capital raised their Q2 2017 earnings per share (EPS) estimates for shares of Delta Air Lines in a research note issued to investors on Tuesday. Imperial Capital analyst M. Derchin now forecasts that the transportation company will post earnings per share of $1.73 for the quarter, up from their previous estimate of $1.58. Imperial Capital currently has a “In-Line” rating and a $54.00 target price on the stock. Imperial Capital also issued estimates for Delta Air Lines’ FY2017 earnings at $5.15 EPS, FY2018 earnings at $5.65 EPS and FY2019 earnings at $2.85 EPS.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, April 12th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.04. Delta Air Lines had a net margin of 10.19% and a return on equity of 28.67%. The company had revenue of $9.15 billion during the quarter, compared to analyst estimates of $9.14 billion. During the same period in the previous year, the business earned $1.32 earnings per share. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year.
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A number of other brokerages have also recently weighed in on DAL. Vetr upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $54.35 price target for the company in a research report on Monday, May 8th. BidaskClub raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Atlantic Securities started coverage on shares of Delta Air Lines in a research note on Tuesday, June 20th. They issued an “overweight” rating and a $68.00 price objective for the company. Stifel Nicolaus reiterated a “buy” rating on shares of Delta Air Lines in a research note on Friday, May 26th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Delta Air Lines in a research note on Thursday, April 6th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Delta Air Lines currently has an average rating of “Buy” and an average target price of $55.62.
Delta Air Lines (DAL) opened at 55.48 on Wednesday. The company has a 50-day moving average of $50.96 and a 200 day moving average of $48.99. The stock has a market capitalization of $40.39 billion, a price-to-earnings ratio of 10.23 and a beta of 1.22. Delta Air Lines has a 12 month low of $35.84 and a 12 month high of $55.59.
In related news, CEO Edward H. Bastian sold 25,000 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $48.55, for a total value of $1,213,750.00. Following the sale, the chief executive officer now owns 285,508 shares of the company’s stock, valued at approximately $13,861,413.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Francis S. Blake purchased 5,665 shares of the firm’s stock in a transaction that occurred on Monday, April 17th. The stock was bought at an average cost of $44.12 per share, for a total transaction of $249,939.80. Following the purchase, the director now owns 24,187 shares in the company, valued at $1,067,130.44. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 425,665 shares of company stock worth $283,540 and sold 55,606 shares worth $2,753,289. 0.37% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of DAL. FNY Managed Accounts LLC acquired a new position in Delta Air Lines during the first quarter worth approximately $100,000. Tompkins Financial Corp acquired a new position in Delta Air Lines during the first quarter worth approximately $107,000. TrimTabs Asset Management LLC raised its position in Delta Air Lines by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock worth $111,000 after buying an additional 1,136 shares in the last quarter. Advisory Services Network LLC acquired a new position in Delta Air Lines during the first quarter worth approximately $114,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Delta Air Lines by 40.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,761 shares of the transportation company’s stock worth $127,000 after buying an additional 793 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors.
Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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