Delta Air Lines (DAL) Announces Earnings Results

Delta Air Lines (NYSE:DAL) posted its quarterly earnings results on Thursday. The transportation company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01, Bloomberg Earnings reports. The company had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.89 billion. Delta Air Lines had a return on equity of 26.27% and a net margin of 8.67%. Delta Air Lines’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 EPS. Delta Air Lines updated its Q2 guidance to $1.80-2.00 EPS.

DAL opened at $52.65 on Thursday. Delta Air Lines has a one year low of $43.81 and a one year high of $60.79. The stock has a market capitalization of $37,013.98, a PE ratio of 10.44 and a beta of 1.08. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 23rd were issued a $0.305 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.32%. Delta Air Lines’s payout ratio is currently 24.75%.



DAL has been the topic of a number of analyst reports. Cowen increased their price target on Delta Air Lines from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, December 15th. Vetr raised Delta Air Lines from a “strong sell” rating to a “sell” rating and set a $49.97 price target on the stock in a research report on Wednesday, January 3rd. Imperial Capital reaffirmed an “outperform” rating and issued a $65.00 price target (up previously from $63.00) on shares of Delta Air Lines in a research report on Friday, January 12th. Stephens set a $67.00 price target on Delta Air Lines and gave the company a “buy” rating in a research report on Monday, December 18th. Finally, Morgan Stanley reduced their price target on Delta Air Lines from $68.00 to $64.00 and set an “overweight” rating on the stock in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $67.63.

In related news, EVP Joanne D. Smith sold 24,250 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $59.03, for a total transaction of $1,431,477.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director George N. Mattson purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average price of $51.89 per share, for a total transaction of $518,900.00. Following the purchase, the director now directly owns 66,510 shares in the company, valued at $3,451,203.90. The disclosure for this purchase can be found here. In the last quarter, insiders sold 114,250 shares of company stock worth $6,794,500. Company insiders own 0.37% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Diversified Trust Co grew its stake in Delta Air Lines by 15.0% during the 4th quarter. Diversified Trust Co now owns 6,456 shares of the transportation company’s stock worth $362,000 after buying an additional 844 shares during the last quarter. Liberty Capital Management Inc. grew its stake in Delta Air Lines by 3.3% during the 4th quarter. Liberty Capital Management Inc. now owns 27,947 shares of the transportation company’s stock worth $1,672,000 after buying an additional 888 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management grew its stake in Delta Air Lines by 1.8% during the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 51,192 shares of the transportation company’s stock worth $2,867,000 after buying an additional 916 shares during the last quarter. Telemus Capital LLC grew its stake in Delta Air Lines by 16.3% during the 4th quarter. Telemus Capital LLC now owns 6,545 shares of the transportation company’s stock worth $367,000 after buying an additional 917 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. lifted its position in Delta Air Lines by 15.9% during the 4th quarter. Laurel Wealth Advisors Inc. now owns 7,300 shares of the transportation company’s stock worth $408,000 after acquiring an additional 999 shares during the period. Hedge funds and other institutional investors own 87.57% of the company’s stock.

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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.

Earnings History for Delta Air Lines (NYSE:DAL)

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