Delta Air Lines (NYSE:DAL) Announces Quarterly Earnings Results

Delta Air Lines (NYSE:DAL) released its quarterly earnings results on Tuesday. The transportation company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.15, MarketWatch Earnings reports. The business had revenue of $9.15 billion for the quarter, compared to analyst estimates of $8.46 billion. Delta Air Lines had a negative net margin of 36.37% and a negative return on equity of 398.80%. The business’s revenue for the quarter was up 199.0% on a year-over-year basis. During the same period in the previous year, the company earned ($3.30) earnings per share.

Delta Air Lines stock opened at $41.03 on Thursday. The firm has a market cap of $26.26 billion, a PE ratio of -3.91 and a beta of 1.41. Delta Air Lines has a 52-week low of $28.74 and a 52-week high of $52.28. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 20.83. The company’s 50 day moving average is $41.13 and its two-hundred day moving average is $43.70.

A number of equities research analysts have recently weighed in on the stock. Redburn Partners assumed coverage on shares of Delta Air Lines in a report on Wednesday, August 11th. They set a “neutral” rating on the stock. Raymond James upgraded shares of Delta Air Lines from a “market perform” rating to a “strong-buy” rating and set a $58.00 target price for the company in a research report on Thursday, July 15th. Wolfe Research downgraded shares of Delta Air Lines from an “outperform” rating to a “market perform” rating and set a $43.00 target price for the company. in a research report on Wednesday. Susquehanna decreased their target price on shares of Delta Air Lines from $53.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, July 15th. Finally, Morgan Stanley decreased their target price on shares of Delta Air Lines from $73.00 to $67.00 and set an “overweight” rating for the company in a research report on Tuesday, September 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $52.44.

In related news, Director David S. Taylor bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 19th. The shares were purchased at an average cost of $38.25 per share, with a total value of $114,750.00. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David S. Taylor bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 3rd. The stock was bought at an average cost of $39.30 per share, for a total transaction of $196,500.00. The disclosure for this purchase can be found here. 0.63% of the stock is owned by corporate insiders.

Delta Air Lines Company Profile

Delta Air Lines, Inc engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products.

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Earnings History for Delta Air Lines (NYSE:DAL)

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