Brokerages Anticipate Delta Air Lines, Inc. (DAL) to Announce $1.75 EPS

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Analysts forecast that Delta Air Lines, Inc. (NYSE:DAL) will report $1.75 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Delta Air Lines’ earnings, with the highest EPS estimate coming in at $1.90 and the lowest estimate coming in at $1.70. Delta Air Lines reported earnings per share of $1.64 during the same quarter last year, which suggests a positive year-over-year growth rate of 6.7%. The firm is scheduled to report its next quarterly earnings results on Thursday, July 12th.

On average, analysts expect that Delta Air Lines will report full year earnings of $5.81 per share for the current financial year, with EPS estimates ranging from $5.30 to $6.20. For the next financial year, analysts forecast that the firm will post earnings of $6.70 per share, with EPS estimates ranging from $5.92 to $7.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Delta Air Lines.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, April 12th. The transportation company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.01. The firm had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.89 billion. Delta Air Lines had a net margin of 8.37% and a return on equity of 26.19%. Delta Air Lines’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 EPS.

Several research firms have commented on DAL. Zacks Investment Research cut shares of Delta Air Lines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 13th. Deutsche Bank lowered their target price on shares of Delta Air Lines from $73.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, June 7th. ValuEngine cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. Cfra reaffirmed a “buy” rating and issued a $70.00 target price on shares of Delta Air Lines in a research note on Monday, June 18th. Finally, Imperial Capital lifted their target price on shares of Delta Air Lines from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, June 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Delta Air Lines has a consensus rating of “Buy” and an average price target of $68.71.

DAL stock traded down $1.01 during midday trading on Friday, hitting $52.72. The stock had a trading volume of 11,051,330 shares, compared to its average volume of 5,599,672. The stock has a market capitalization of $37.69 billion, a P/E ratio of 10.69 and a beta of 1.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.33 and a current ratio of 0.39. Delta Air Lines has a 12-month low of $44.59 and a 12-month high of $60.79.

The business also recently declared a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, May 11th were issued a $0.305 dividend. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.31%. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.75%.

In related news, COO W Gilbert West sold 17,250 shares of Delta Air Lines stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $55.00, for a total transaction of $948,750.00. Following the transaction, the chief operating officer now owns 119,447 shares in the company, valued at approximately $6,569,585. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward H. Bastian sold 25,000 shares of Delta Air Lines stock in a transaction on Friday, April 20th. The shares were sold at an average price of $55.34, for a total transaction of $1,383,500.00. Following the transaction, the chief executive officer now owns 301,943 shares in the company, valued at approximately $16,709,525.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,497 shares of company stock worth $3,543,174. 0.33% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Wagner Wealth Management LLC lifted its holdings in shares of Delta Air Lines by 375.0% during the 1st quarter. Wagner Wealth Management LLC now owns 1,900 shares of the transportation company’s stock valued at $104,000 after acquiring an additional 1,500 shares in the last quarter. Fortis Advisors LLC lifted its holdings in shares of Delta Air Lines by 99.1% during the 1st quarter. Fortis Advisors LLC now owns 2,389 shares of the transportation company’s stock valued at $131,000 after acquiring an additional 1,189 shares in the last quarter. Nvwm LLC lifted its holdings in shares of Delta Air Lines by 558.5% during the 1st quarter. Nvwm LLC now owns 2,700 shares of the transportation company’s stock valued at $140,000 after acquiring an additional 2,290 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in shares of Delta Air Lines by 45.6% during the 1st quarter. IHT Wealth Management LLC now owns 3,068 shares of the transportation company’s stock valued at $159,000 after acquiring an additional 961 shares in the last quarter. Finally, Gables Capital Management Inc. acquired a new position in shares of Delta Air Lines during the 1st quarter valued at $181,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

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, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Earnings History and Estimates for Delta Air Lines (NYSE:DAL)

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