Delta Air Lines, Inc. (NYSE:DAL) – Research analysts at Imperial Capital raised their Q2 2019 EPS estimates for shares of Delta Air Lines in a research note issued to investors on Tuesday, December 4th. Imperial Capital analyst M. Derchin now anticipates that the transportation company will post earnings per share of $2.07 for the quarter, up from their prior estimate of $2.06. Imperial Capital has a “Outperform” rating and a $83.00 price objective on the stock. Imperial Capital also issued estimates for Delta Air Lines’ FY2020 earnings at $7.90 EPS.
A number of other equities analysts also recently commented on DAL. ValuEngine upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Buckingham Research upped their target price on shares of Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a report on Friday, September 7th. Stephens reaffirmed a “buy” rating and issued a $68.00 target price on shares of Delta Air Lines in a report on Monday, October 1st. Citigroup dropped their target price on shares of Delta Air Lines from $65.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, October 3rd. Finally, Bank of America set a $67.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a report on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $68.60.
Delta Air Lines stock opened at $58.08 on Wednesday. Delta Air Lines has a one year low of $48.52 and a one year high of $61.32. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.31. The stock has a market cap of $39.04 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 0.65 and a beta of 0.93.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, October 11th. The transportation company reported $1.80 EPS for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.06. Delta Air Lines had a net margin of 7.87% and a return on equity of 27.72%. The company had revenue of $11.95 billion during the quarter, compared to the consensus estimate of $11.96 billion. During the same period in the prior year, the business posted $1.57 EPS.
A number of institutional investors have recently added to or reduced their stakes in the business. Clearbridge Investments LLC raised its holdings in Delta Air Lines by 51,383.5% in the 3rd quarter. Clearbridge Investments LLC now owns 816,013 shares of the transportation company’s stock valued at $47,190,000 after acquiring an additional 814,428 shares during the period. Diversified Trust Co bought a new position in Delta Air Lines in the 3rd quarter valued at about $211,000. Morgan Stanley raised its holdings in Delta Air Lines by 19.9% in the 3rd quarter. Morgan Stanley now owns 5,237,434 shares of the transportation company’s stock valued at $302,881,000 after acquiring an additional 869,794 shares during the period. Legal & General Group Plc raised its holdings in Delta Air Lines by 1.1% in the 3rd quarter. Legal & General Group Plc now owns 1,145,414 shares of the transportation company’s stock valued at $66,247,000 after acquiring an additional 12,787 shares during the period. Finally, Buckingham Capital Management Inc. raised its holdings in Delta Air Lines by 3.5% in the 3rd quarter. Buckingham Capital Management Inc. now owns 64,934 shares of the transportation company’s stock valued at $3,755,000 after acquiring an additional 2,219 shares during the period. 87.66% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 7th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.41%. Delta Air Lines’s payout ratio is 28.40%.
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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