Delta Air Lines (NYSE:DAL) Releases Q3 2019 Earnings Guidance

Delta Air Lines (NYSE:DAL) updated its third quarter 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.10-2.40 for the period, compared to the Thomson Reuters consensus estimate of $2.13. Delta Air Lines also updated its FY 2019 guidance to $6.75-7.25 EPS.

Several research firms recently commented on DAL. Stifel Nicolaus raised their price target on shares of Rapid7 from $52.00 to $58.00 and gave the company a buy rating in a report on Wednesday, April 3rd. Credit Suisse Group raised their price target on shares of Delta Air Lines from $37.00 to $68.00 and gave the company an outperform rating in a report on Thursday, April 11th. Imperial Capital cut their price target on shares of Montage Resources from $9.00 to $6.00 and set an inline rating on the stock in a report on Wednesday. Cowen restated an outperform rating and issued a $69.00 price target (up previously from $67.00) on shares of Delta Air Lines in a report on Thursday. Finally, Wolfe Research set a $68.00 price target on shares of Delta Air Lines and gave the company a buy rating in a report on Wednesday, July 3rd. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $67.18.

Shares of NYSE:DAL opened at $61.65 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.34 and a quick ratio of 0.29. Delta Air Lines has a 52-week low of $45.08 and a 52-week high of $62.24. The firm has a 50 day moving average price of $56.03. The firm has a market capitalization of $39.40 billion, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 0.48 and a beta of 1.18.



Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.07. Delta Air Lines had a net margin of 9.85% and a return on equity of 31.68%. The company had revenue of $12.54 billion during the quarter, compared to the consensus estimate of $12.49 billion. During the same quarter last year, the company earned $1.77 earnings per share. Delta Air Lines’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts anticipate that Delta Air Lines will post 6.92 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be given a $0.4025 dividend. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.35. This represents a $1.61 annualized dividend and a yield of 2.61%. Delta Air Lines’s dividend payout ratio (DPR) is 24.78%.

In other news, CEO Edward H. Bastian sold 30,000 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 354,191 shares of the company’s stock, valued at $20,365,982.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael P. Huerta sold 1,010 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $54.33, for a total transaction of $54,873.30. Following the sale, the director now directly owns 5,670 shares of the company’s stock, valued at approximately $308,051.10. The disclosure for this sale can be found here. Insiders sold 65,003 shares of company stock valued at $3,709,180 in the last ninety days. 0.47% of the stock is owned by corporate insiders.

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 and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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Earnings History and Estimates for Delta Air Lines (NYSE:DAL)

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