Delta Air Lines (NYSE:DAL - Get Free Report) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $1.60-1.85 for the period, compared to the consensus EPS estimate of $1.74. The company issued revenue guidance of +2-4% yr/yr to ~$13.9-14.2 billion, compared to the consensus revenue estimate of $14.11 billion.
Analyst Ratings Changes
Several analysts have issued reports on the company. TD Cowen boosted their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Bank of America upped their price objective on Delta Air Lines from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, October 11th. The Goldman Sachs Group reissued a "buy" rating and set a $83.00 target price on shares of Delta Air Lines in a research note on Friday, November 15th. BNP Paribas upgraded Delta Air Lines to a "strong-buy" rating in a research note on Thursday, September 19th. Finally, Jefferies Financial Group increased their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a "buy" rating in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Delta Air Lines has a consensus rating of "Buy" and an average target price of $71.22.
Get Our Latest Analysis on DAL
Delta Air Lines Price Performance
Shares of Delta Air Lines stock traded down $1.11 during trading hours on Wednesday, reaching $63.64. The stock had a trading volume of 10,919,390 shares, compared to its average volume of 9,395,207. Delta Air Lines has a twelve month low of $35.46 and a twelve month high of $66.25. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $41.07 billion, a PE ratio of 8.99, a PEG ratio of 1.22 and a beta of 1.33. The stock's 50 day moving average is $53.88 and its 200 day moving average is $48.88.
Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.02). The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.03 earnings per share. Equities analysts expect that Delta Air Lines will post 6.07 earnings per share for the current fiscal year.
Delta Air Lines Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 0.94%. Delta Air Lines's dividend payout ratio (DPR) is currently 8.33%.
Insider Activity at Delta Air Lines
In other news, EVP Joanne D. Smith sold 3,431 shares of the business's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction of $173,128.26. Following the transaction, the executive vice president now owns 108,990 shares of the company's stock, valued at approximately $5,499,635.40. The trade was a 3.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP William C. Carroll sold 21,530 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the sale, the senior vice president now owns 19,756 shares of the company's stock, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,240 shares of company stock valued at $8,044,893. 0.96% of the stock is owned by insiders.
About Delta Air Lines
(
Get Free Report)
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.
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