Delta Air Lines, Inc. (NYSE:DAL) released its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by $0.02, RTT News reports. The company had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.47 earnings per share.

Shares of Delta Air Lines (DAL) opened at 50.31 on Wednesday. Delta Air Lines has a 52 week low of $35.84 and a 52 week high of $55.75. The stock has a market cap of $36.63 billion, a P/E ratio of 9.97 and a beta of 1.20. The stock has a 50 day moving average price of $52.75 and a 200-day moving average price of $49.46.

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Several research analysts have recently commented on DAL shares. ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Vetr raised Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 target price on the stock in a research report on Tuesday, July 25th. BidaskClub lowered Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Deutsche Bank AG reaffirmed a “buy” rating and set a $62.00 target price (up from $58.00) on shares of Delta Air Lines in a research report on Friday, July 14th. Finally, Atlantic Securities started coverage on Delta Air Lines in a research report on Tuesday, June 20th. They set an “overweight” rating and a $68.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $60.16.

In other news, CEO Edward H. Bastian sold 25,000 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $48.55, for a total value of $1,213,750.00. Following the completion of the transaction, the chief executive officer now directly owns 285,508 shares in the company, valued at $13,861,413.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Craig M. Meynard sold 5,000 shares of the stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $55.26, for a total transaction of $276,300.00. Following the completion of the transaction, the vice president now owns 7,437 shares of the company’s stock, valued at $410,968.62. The disclosure for this sale can be found here. Over the last quarter, insiders bought 394,000 shares of company stock valued at $31,520 and sold 131,306 shares valued at $6,924,439. Company insiders own 0.37% of the company’s stock.

A number of hedge funds have recently modified their holdings of DAL. FNY Managed Accounts LLC acquired a new stake in shares of Delta Air Lines during the first quarter worth $100,000. Tompkins Financial Corp acquired a new stake in shares of Delta Air Lines during the first quarter worth $107,000. TrimTabs Asset Management LLC boosted its stake in shares of 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 during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Delta Air Lines during the first quarter worth $114,000. Finally, Bessemer Group Inc. boosted its stake in shares of Delta Air Lines by 104.3% in the second quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock worth $137,000 after buying an additional 1,298 shares during the last quarter. Hedge funds and other institutional investors own 87.65% 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 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.

Earnings History for Delta Air Lines (NYSE:DAL)

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