Delta Air Lines (DAL) to Release Quarterly Earnings on Wednesday

Delta Air Lines (NYSE:DAL - Get Free Report) is anticipated to release its earnings data before the market opens on Wednesday, April 9th. Analysts expect Delta Air Lines to post earnings of $0.84 per share and revenue of $13.85 billion for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.28 earnings per share. On average, analysts expect Delta Air Lines to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Delta Air Lines Price Performance

Shares of NYSE DAL traded down $4.68 during mid-day trading on Thursday, hitting $38.70. 18,098,701 shares of the stock were exchanged, compared to its average volume of 9,110,687. Delta Air Lines has a twelve month low of $37.29 and a twelve month high of $69.98. The stock's fifty day simple moving average is $57.49 and its two-hundred day simple moving average is $58.26. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The company has a market cap of $25.02 billion, a P/E ratio of 7.26, a PEG ratio of 0.75 and a beta of 1.34.

Remove Ads

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.55%. Delta Air Lines's dividend payout ratio is 11.26%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DAL shares. Citigroup decreased their target price on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Bank of America decreased their price objective on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a report on Thursday. Jefferies Financial Group restated a "hold" rating and issued a $46.00 price objective (down previously from $85.00) on shares of Delta Air Lines in a research report on Tuesday. UBS Group reduced their target price on shares of Delta Air Lines from $90.00 to $77.00 and set a "buy" rating on the stock in a research report on Tuesday, March 11th. Finally, Barclays lowered their price target on shares of Delta Air Lines from $90.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $71.49.

Insider Activity

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the company's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the sale, the chief executive officer now owns 439,819 shares of the company's stock, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the transaction, the executive vice president now directly owns 52,789 shares in the company, valued at approximately $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock valued at $11,116,463 in the last ninety days. 0.96% of the stock is owned by insiders.

Institutional Investors Weigh In On Delta Air Lines

A hedge fund recently raised its stake in Delta Air Lines stock. Brighton Jones LLC raised its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 33.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,174 shares of the transportation company's stock after buying an additional 2,302 shares during the quarter. Brighton Jones LLC's holdings in Delta Air Lines were worth $555,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 69.93% of the company's stock.

Delta Air Lines Company Profile

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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.