Brokerages Anticipate Delta Air Lines, Inc. (DAL) Will Announce Earnings of $1.80 Per Share
Wall Street brokerages expect Delta Air Lines, Inc. (NYSE:DAL) to post earnings per share of $1.80 for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Delta Air Lines’ earnings. The highest EPS estimate is $1.85 and the lowest is $1.74. Delta Air Lines reported earnings of $1.70 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 5.9%. The firm is scheduled to announce its next quarterly earnings report on Thursday, October 12th.
According to Zacks, analysts expect that Delta Air Lines will report full year earnings of $5.50 per share for the current year, with EPS estimates ranging from $5.35 to $5.70. For the next year, analysts expect that the company will post earnings of $6.00 per share, with EPS estimates ranging from $5.12 to $6.67. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Delta Air Lines.
Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by $0.02. The firm had revenue of $10.79 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.47 EPS.
Several analysts have issued reports on the company. Vetr upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $54.35 price objective on the stock in a research note on Monday, May 8th. Imperial Capital restated an “in-line” rating and set a $52.00 price objective on shares of Delta Air Lines in a research note on Friday, May 19th. BidaskClub upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Atlantic Securities assumed coverage on Delta Air Lines in a research note on Tuesday, June 20th. They set an “overweight” rating and a $68.00 price objective on the stock. Finally, Barclays PLC assumed coverage on Delta Air Lines in a research note on Thursday, August 10th. They set an “overweight” rating and a $70.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $62.16.
In other Delta Air Lines news, Director George N. Mattson acquired 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was acquired at an average cost of $45.44 per share, with a total value of $272,640.00. Following the acquisition, the director now directly owns 61,510 shares of the company’s stock, valued at approximately $2,795,014.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joanne D. Smith sold 3,700 shares of the stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $54.00, for a total value of $199,800.00. Following the completion of the transaction, the executive vice president now directly owns 77,223 shares of the company’s stock, valued at $4,170,042. The disclosure for this sale can be found here. Over the last three months, insiders purchased 335,000 shares of company stock valued at $298,960 and sold 75,700 shares valued at $4,171,150. Corporate insiders own 0.37% of the company’s stock.
A number of institutional investors have recently modified their holdings of the company. DnB Asset Management AS raised its position in shares of Delta Air Lines by 25.7% in the first quarter. DnB Asset Management AS now owns 19,081 shares of the transportation company’s stock worth $877,000 after buying an additional 3,900 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Delta Air Lines during the first quarter worth about $180,000. Acadian Asset Management LLC acquired a new position in shares of Delta Air Lines during the first quarter worth about $2,510,000. Deltec Asset Management LLC raised its position in shares of Delta Air Lines by 0.9% in the first quarter. Deltec Asset Management LLC now owns 189,232 shares of the transportation company’s stock worth $8,697,000 after buying an additional 1,700 shares during the period. Finally, AMF Pensionsforsakring AB increased its stake in Delta Air Lines by 69.3% in the first quarter. AMF Pensionsforsakring AB now owns 466,332 shares of the transportation company’s stock worth $21,433,000 after buying an additional 190,926 shares during the period. 86.48% of the stock is owned by institutional investors and hedge funds.
Delta Air Lines (NYSE DAL) traded up 0.70% on Friday, reaching $47.52. The company had a trading volume of 6,099,605 shares. Delta Air Lines has a 12 month low of $36.59 and a 12 month high of $55.75. The firm has a market capitalization of $34.59 billion, a PE ratio of 9.42 and a beta of 1.20. The stock has a 50 day moving average of $49.92 and a 200 day moving average of $49.35. Delta Air Lines also was the recipient of some unusual options trading on Thursday. Investors purchased 26,396 call options on the stock. This represents an increase of approximately 135% compared to the typical daily volume of 11,213 call options.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 2.57%. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, August 21st. Delta Air Lines’s dividend payout ratio is 24.25%.
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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