Wall Street brokerages expect Delta Air Lines, Inc. (NYSE:DAL) to post sales of $12.35 billion for the current fiscal quarter, Zacks reports. Ten analysts have provided estimates for Delta Air Lines’ earnings, with the lowest sales estimate coming in at $12.14 billion and the highest estimate coming in at $12.47 billion. Delta Air Lines reported sales of $11.78 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.8%. The company is expected to announce its next quarterly earnings report on Thursday, July 11th.
On average, analysts expect that Delta Air Lines will report full-year sales of $46.54 billion for the current financial year, with estimates ranging from $45.85 billion to $46.93 billion. For the next financial year, analysts anticipate that the company will post sales of $48.66 billion, with estimates ranging from $47.19 billion to $49.50 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Delta Air Lines.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, April 10th. The transportation company reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.06. Delta Air Lines had a return on equity of 30.10% and a net margin of 9.09%. The firm had revenue of $10.47 billion for the quarter, compared to analysts’ expectations of $10.39 billion. During the same quarter in the previous year, the company earned $0.74 earnings per share.
In other Delta Air Lines news, CEO Edward H. Bastian sold 30,000 shares of Delta Air Lines stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $57.50, for a total transaction of $1,725,000.00. Following the transaction, the chief executive officer now directly owns 354,191 shares in the company, valued at approximately $20,365,982.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steven M. Sear sold 8,993 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $53.27, for a total transaction of $479,057.11. Following the transaction, the insider now owns 76,150 shares in the company, valued at $4,056,510.50. The disclosure for this sale can be found here. Insiders sold 106,468 shares of company stock worth $6,118,032 in the last ninety days. 0.47% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of DAL. Washington Trust Bank grew its position in Delta Air Lines by 141.3% during the 1st quarter. Washington Trust Bank now owns 485 shares of the transportation company’s stock worth $25,000 after purchasing an additional 284 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Delta Air Lines during the 1st quarter worth approximately $26,000. Northwest Wealth Management LLC purchased a new position in Delta Air Lines during the 1st quarter worth approximately $26,000. Paragon Capital Management LLC purchased a new position in Delta Air Lines during the 1st quarter worth approximately $26,000. Finally, Kistler Tiffany Companies LLC purchased a new position in Delta Air Lines during the 1st quarter worth approximately $26,000. Hedge funds and other institutional investors own 87.41% of the company’s stock.
Shares of NYSE:DAL opened at $55.45 on Thursday. Delta Air Lines has a 12 month low of $45.08 and a 12 month high of $61.32. The company has a market cap of $35.95 billion, a P/E ratio of 9.41, a PEG ratio of 0.59 and a beta of 1.16. The company has a current ratio of 0.34, a quick ratio of 0.29 and a debt-to-equity ratio of 1.05.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 2nd were issued a $0.35 dividend. The ex-dividend date was Wednesday, May 1st. This represents a $1.40 annualized dividend and a dividend yield of 2.52%. Delta Air Lines’s dividend payout ratio is currently 24.78%.
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 and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.
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