Imperial Capital reaffirmed their hold rating on shares of Delta Air Lines, Inc. (NYSE:DAL) in a report published on Wednesday. The firm currently has a $50.00 price objective on the transportation company’s stock. Imperial Capital also issued estimates for Delta Air Lines’ Q3 2017 earnings at $1.53 EPS, Q4 2017 earnings at $1.11 EPS, FY2017 earnings at $5.05 EPS and FY2018 earnings at $5.50 EPS.

Several other research analysts also recently commented on DAL. Citigroup Inc. boosted their price objective on shares of Delta Air Lines from $63.00 to $65.00 and gave the company a buy rating in a research report on Friday, May 12th. Stifel Nicolaus restated a buy rating on shares of Delta Air Lines in a research report on Friday, May 26th. Vetr downgraded shares of Delta Air Lines from a strong-buy rating to a buy rating and set a $55.68 price objective for the company. in a research report on Thursday, June 1st. Atlantic Securities initiated coverage on shares of Delta Air Lines in a research report on Tuesday, June 20th. They set an overweight rating and a $68.00 price objective for the company. Finally, ValuEngine upgraded shares of Delta Air Lines from a buy rating to a strong-buy rating in a research report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Delta Air Lines has a consensus rating of Buy and a consensus price target of $61.34.

Delta Air Lines (NYSE:DAL) traded up 0.70% during midday trading on Wednesday, reaching $47.45. The company had a trading volume of 6,110,712 shares. The company has a market capitalization of $34.54 billion, a PE ratio of 9.41 and a beta of 1.25. Delta Air Lines has a one year low of $36.59 and a one year high of $55.75. The stock’s 50 day moving average is $48.78 and its 200 day moving average is $49.23.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.66 by $0.02. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The firm had revenue of $10.79 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the prior year, the firm earned $1.47 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts forecast that Delta Air Lines will post $5.12 earnings per share for the current fiscal year.

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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 paid a $0.305 dividend. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.22 annualized dividend and a dividend yield of 2.57%. Delta Air Lines’s payout ratio is currently 24.25%.

In related news, VP Craig M. Meynard sold 5,000 shares of the business’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $55.26, for a total value of $276,300.00. Following the sale, the vice president now owns 7,437 shares of the company’s stock, valued at $410,968.62. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Joanne D. Smith sold 3,700 shares of the business’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $54.00, for a total transaction of $199,800.00. Following the completion of the sale, the executive vice president now directly owns 77,223 shares in the company, valued at approximately $4,170,042. The disclosure for this sale can be found here. In the last three months, insiders purchased 335,000 shares of company stock worth $298,960 and sold 75,700 shares worth $4,171,150. Insiders own 0.37% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Roundview Capital LLC grew its stake in shares of Delta Air Lines by 0.3% in the second quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock worth $275,000 after purchasing an additional 15 shares during the last quarter. Patten Group Inc. grew its stake in shares of Delta Air Lines by 0.3% in the first quarter. Patten Group Inc. now owns 9,307 shares of the transportation company’s stock worth $420,000 after purchasing an additional 30 shares during the last quarter. Traynor Capital Management Inc. grew its stake in shares of Delta Air Lines by 1.2% in the second quarter. Traynor Capital Management Inc. now owns 4,911 shares of the transportation company’s stock worth $246,000 after purchasing an additional 58 shares during the last quarter. Independent Advisor Alliance grew its stake in shares of Delta Air Lines by 0.8% in the first quarter. Independent Advisor Alliance now owns 8,254 shares of the transportation company’s stock worth $372,000 after purchasing an additional 64 shares during the last quarter. Finally, MUFG Securities EMEA plc grew its stake in shares of Delta Air Lines by 1.2% in the second quarter. MUFG Securities EMEA plc now owns 5,307 shares of the transportation company’s stock worth $285,000 after purchasing an additional 65 shares during the last quarter. 86.49% 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.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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