Delta Air Lines, Inc. (NYSE:DAL) – Investment analysts at Imperial Capital decreased their Q4 2017 earnings estimates for shares of Delta Air Lines in a report issued on Thursday. Imperial Capital analyst M. Derchin now forecasts that the transportation company will earn $1.07 per share for the quarter, down from their prior estimate of $1.11. Imperial Capital has a “Outperform” rating and a $63.00 price objective on the stock. Imperial Capital also issued estimates for Delta Air Lines’ Q1 2018 earnings at $1.00 EPS, Q2 2018 earnings at $1.84 EPS, Q3 2018 earnings at $1.75 EPS and Q4 2018 earnings at $1.11 EPS.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.04. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The company had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $11.03 billion. During the same period in the previous year, the firm posted $1.70 EPS. Delta Air Lines’s revenue was up 5.5% compared to the same quarter last year.

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A number of other brokerages have also recently issued reports on DAL. Deutsche Bank AG reaffirmed a “buy” rating and issued a $62.00 target price (up from $58.00) on shares of Delta Air Lines in a report on Friday, July 14th. Zacks Investment Research cut shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a report on Monday, August 21st. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $63.00 target price (down from $67.00) on shares of Delta Air Lines in a report on Wednesday, September 27th. Vetr raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 target price for the company in a report on Tuesday, July 25th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $60.00 target price on shares of Delta Air Lines in a report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. Delta Air Lines presently has an average rating of “Buy” and a consensus target price of $62.91.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Delta Air Lines by 2,951.4% during the first quarter. BlackRock Inc. now owns 45,260,856 shares of the transportation company’s stock worth $2,080,189,000 after purchasing an additional 43,777,555 shares during the period. Winslow Capital Management LLC raised its stake in Delta Air Lines by 5,815,030.8% during the first quarter. Winslow Capital Management LLC now owns 4,535,802 shares of the transportation company’s stock worth $208,465,000 after purchasing an additional 4,535,724 shares during the period. Dimensional Fund Advisors LP raised its stake in Delta Air Lines by 85.6% during the first quarter. Dimensional Fund Advisors LP now owns 7,039,445 shares of the transportation company’s stock worth $323,542,000 after purchasing an additional 3,245,791 shares during the period. Sound Shore Management Inc. CT purchased a new position in Delta Air Lines during the second quarter worth approximately $158,224,000. Finally, TIAA CREF Investment Management LLC raised its stake in Delta Air Lines by 77.6% during the second quarter. TIAA CREF Investment Management LLC now owns 5,364,934 shares of the transportation company’s stock worth $288,312,000 after purchasing an additional 2,343,531 shares during the period. Hedge funds and other institutional investors own 86.26% of the company’s stock.

In related news, EVP Joanne D. Smith sold 3,700 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total transaction of $199,800.00. Following the sale, the executive vice president now owns 77,223 shares in the company, valued at $4,170,042. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George N. Mattson bought 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were purchased at an average price of $45.44 per share, for a total transaction of $272,640.00. Following the transaction, the director now owns 61,510 shares of the company’s stock, valued at approximately $2,795,014.40. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 75,000 shares of company stock worth $278,160. 0.37% of the stock is owned by company insiders.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd were given a dividend of $0.305 per share. The ex-dividend date was Monday, August 21st. This represents a $1.22 dividend on an annualized basis and a yield of 2.30%. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s dividend payout ratio (DPR) is 24.50%.

About Delta Air Lines

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 and Estimates for Delta Air Lines (NYSE:DAL)

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