Delta Air Lines, Inc. (NYSE:DAL) – Analysts at Imperial Capital lowered their Q2 2019 earnings per share estimates for shares of Delta Air Lines in a note issued to investors on Thursday, April 11th. Imperial Capital analyst M. Derchin now forecasts that the transportation company will post earnings of $2.18 per share for the quarter, down from their prior forecast of $2.29. Imperial Capital has a “In-Line” rating and a $58.00 price objective on the stock. Imperial Capital also issued estimates for Delta Air Lines’ Q4 2019 earnings at $1.49 EPS, FY2019 earnings at $6.70 EPS and FY2020 earnings at $7.25 EPS.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Wednesday, April 10th. The transportation company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.90 by $0.06. The company had revenue of $10.47 billion during the quarter, compared to the consensus estimate of $10.39 billion. Delta Air Lines had a net margin of 9.09% and a return on equity of 30.10%. During the same quarter last year, the firm posted $0.74 EPS.

Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Vertical Research assumed coverage on shares of Delta Air Lines in a research report on Monday, February 4th. They set a “hold” rating for the company. Credit Suisse Group raised their price objective on shares of Delta Air Lines from $37.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Cowen raised their price objective on shares of Delta Air Lines from $62.00 to $67.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Raymond James raised their price objective on shares of Delta Air Lines from $60.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $66.21.

Shares of DAL stock opened at $57.45 on Monday. The company has a market cap of $38.02 billion, a PE ratio of 10.17, a P/E/G ratio of 0.71 and a beta of 1.08. Delta Air Lines has a 52 week low of $45.08 and a 52 week high of $61.32. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.34 and a quick ratio of 0.28.

A number of hedge funds and other institutional investors have recently bought and sold shares of DAL. Palisade Asset Management LLC bought a new position in Delta Air Lines during the 1st quarter valued at $331,000. Hodges Capital Management Inc. lifted its stake in Delta Air Lines by 9.6% during the 1st quarter. Hodges Capital Management Inc. now owns 80,887 shares of the transportation company’s stock valued at $4,178,000 after acquiring an additional 7,073 shares in the last quarter. Baskin Financial Services Inc. lifted its stake in Delta Air Lines by 4.3% during the 1st quarter. Baskin Financial Services Inc. now owns 197,639 shares of the transportation company’s stock valued at $10,208,000 after acquiring an additional 8,171 shares in the last quarter. Paragon Capital Management LLC bought a new position in Delta Air Lines during the 1st quarter valued at $26,000. Finally, Quantitative Systematic Strategies LLC bought a new position in Delta Air Lines during the 1st quarter valued at $230,000. 88.01% of the stock is owned by institutional investors and hedge funds.

In related news, COO W Gilbert West sold 21,000 shares of Delta Air Lines stock in a transaction on Friday, February 8th. The shares were sold at an average price of $50.49, for a total value of $1,060,290.00. Following the completion of the sale, the chief operating officer now owns 136,799 shares of the company’s stock, valued at approximately $6,906,981.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Francis S. Blake purchased 5,185 shares of Delta Air Lines stock in a transaction that occurred on Monday, January 28th. The stock was acquired at an average cost of $48.17 per share, with a total value of $249,761.45. Following the transaction, the director now owns 47,885 shares in the company, valued at approximately $2,306,620.45. The disclosure for this purchase can be found here. In the last three months, insiders purchased 3,559,723 shares of company stock valued at $176,077,837 and sold 111,901 shares valued at $6,010,888. Company insiders own 0.33% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.44%. The ex-dividend date was Thursday, February 28th. Delta Air Lines’s payout ratio is currently 24.78%.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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