Delta Air Lines (NYSE:DAL) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $6.75-7.25 for the period, compared to the Thomson Reuters consensus estimate of $6.98. Delta Air Lines also updated its FY 2019 guidance to $6.75-7.25 EPS.
Several analysts recently weighed in on the company. Imperial Capital dropped their price target on Montage Resources from $9.00 to $6.00 and set an inline rating for the company in a report on Wednesday. Stifel Nicolaus lifted their price target on Rapid7 from $52.00 to $58.00 and gave the stock a buy rating in a report on Wednesday, April 3rd. Deutsche Bank lifted their price target on Spirit Airlines from $75.00 to $79.00 and gave the stock a buy rating in a report on Friday. Bank of America set a $152.00 price target on Caterpillar and gave the stock a buy rating in a report on Thursday, April 4th. Finally, Morgan Stanley raised to an overweight rating and set a GBX 400 ($5.23) price objective for the company in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $67.18.
Shares of DAL opened at $61.65 on Friday. Delta Air Lines has a 52-week low of $45.08 and a 52-week high of $62.24. The firm has a fifty day simple moving average of $56.03. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.29 and a current ratio of 0.34. The company has a market cap of $39.40 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 0.48 and a beta of 1.18.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 25th will be given a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a yield of 2.61%. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.35. Delta Air Lines’s payout ratio is currently 24.78%.
In related news, insider Steven M. Sear sold 8,993 shares of the business’s stock in a transaction 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 sale, the insider now owns 76,150 shares in the company, valued at approximately $4,056,510.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael P. Huerta sold 1,010 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $54.33, for a total value of $54,873.30. Following the sale, the director now owns 5,670 shares in the company, valued at approximately $308,051.10. The disclosure for this sale can be found here. Insiders have sold a total of 65,003 shares of company stock worth $3,709,180 in the last 90 days. 0.47% of the stock is currently owned by corporate insiders.
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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