Delta Air Lines (DAL) Updates Q2 Earnings Guidance

Delta Air Lines (NYSE:DAL) updated its second quarter earnings guidance on Thursday. The company provided earnings per share guidance of $1.80-2.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.93.

Several research firms recently issued reports on DAL. Imperial Capital reissued an outperform rating and set a $65.00 price target (up from $63.00) on shares of Delta Air Lines in a research report on Friday, January 12th. Zacks Investment Research lowered Delta Air Lines from a buy rating to a hold rating in a research report on Monday, March 19th. Morgan Stanley upped their price target on Delta Air Lines from $64.00 to $67.00 and gave the company an overweight rating in a research report on Monday, March 19th. 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, Sanford C. Bernstein set a $67.00 price target on Delta Air Lines and gave the company a buy rating in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Delta Air Lines has a consensus rating of Buy and an average price target of $67.63.

NYSE:DAL opened at $51.47 on Thursday. Delta Air Lines has a 1 year low of $43.81 and a 1 year high of $60.79. The firm has a market capitalization of $37,013.98, a PE ratio of 10.44 and a beta of 1.08. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47.



Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, April 12th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.01. Delta Air Lines had a return on equity of 26.27% and a net margin of 8.67%. The company had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter in the prior year, the business posted $0.77 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. sell-side analysts predict that Delta Air Lines will post 6.23 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 23rd were paid a $0.305 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.22 annualized dividend and a dividend yield of 2.37%. Delta Air Lines’s payout ratio is 24.75%.

In other Delta Air Lines news, Director Francis S. Blake purchased 3,350 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was bought at an average price of $59.76 per share, with a total value of $200,196.00. Following the completion of the purchase, the director now owns 33,520 shares in the company, valued at approximately $2,003,155.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director George N. Mattson purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was acquired at an average cost of $51.89 per share, with a total value of $518,900.00. Following the purchase, the director now owns 66,510 shares of the company’s stock, valued at approximately $3,451,203.90. The disclosure for this purchase can be found here. In the last three months, insiders sold 114,250 shares of company stock valued at $6,794,500. Company insiders own 0.37% of the company’s stock.

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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 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 and Estimates for Delta Air Lines (NYSE:DAL)

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