Zacks: Analysts Anticipate Delta Air Lines, Inc. (NYSE:DAL) Will Post Earnings of $2.26 Per Share

Equities analysts expect Delta Air Lines, Inc. (NYSE:DAL) to announce $2.26 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Delta Air Lines’ earnings, with estimates ranging from $2.12 to $2.37. Delta Air Lines reported earnings of $1.80 per share in the same quarter last year, which would indicate a positive year over year growth rate of 25.6%. The firm is expected to announce its next quarterly earnings results on Thursday, October 10th.

On average, analysts expect that Delta Air Lines will report full year earnings of $7.07 per share for the current fiscal year, with EPS estimates ranging from $6.76 to $7.30. For the next year, analysts forecast that the company will post earnings of $7.37 per share, with EPS estimates ranging from $6.83 to $8.20. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Delta Air Lines.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 11th. The transportation company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.07. The firm had revenue of $12.54 billion during the quarter, compared to the consensus estimate of $12.49 billion. Delta Air Lines had a net margin of 9.85% and a return on equity of 31.68%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $1.77 earnings per share.



DAL has been the subject of several recent research reports. ValuEngine downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Cowen reiterated an “outperform” rating and issued a $69.00 target price (up previously from $67.00) on shares of Delta Air Lines in a research note on Thursday, July 11th. Wolfe Research set a $69.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a research note on Friday, July 12th. Stephens reiterated an “overweight” rating and issued a $70.00 target price on shares of Delta Air Lines in a research note on Wednesday, July 3rd. Finally, Raymond James lifted their target price on shares of Delta Air Lines from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $67.56.

DAL opened at $56.20 on Friday. The company has a market capitalization of $37.69 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 0.46 and a beta of 1.18. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 0.95. The firm has a 50-day moving average price of $60.09 and a 200-day moving average price of $55.55. Delta Air Lines has a twelve month low of $45.08 and a twelve month high of $63.44.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 25th were paid a $0.4025 dividend. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Wednesday, July 24th. This represents a $1.61 dividend on an annualized basis and a yield of 2.86%. Delta Air Lines’s payout ratio is presently 28.50%.

In related news, EVP Rahul D. Samant sold 16,559 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $61.87, for a total value of $1,024,505.33. Following the transaction, the executive vice president now owns 51,039 shares in the company, valued at approximately $3,157,782.93. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Steven M. Sear sold 8,993 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $53.27, for a total transaction of $479,057.11. Following the completion of the transaction, the insider now owns 76,150 shares in the company, valued at approximately $4,056,510.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,278 shares of company stock worth $5,698,438. 0.47% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Boston Partners lifted its stake in Delta Air Lines by 24.1% during the 1st quarter. Boston Partners now owns 13,730,881 shares of the transportation company’s stock valued at $709,200,000 after acquiring an additional 2,669,765 shares during the period. Dimensional Fund Advisors LP lifted its stake in Delta Air Lines by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,801,924 shares of the transportation company’s stock valued at $389,356,000 after acquiring an additional 50,255 shares during the period. Geode Capital Management LLC lifted its stake in Delta Air Lines by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 7,757,127 shares of the transportation company’s stock valued at $386,658,000 after acquiring an additional 532,550 shares during the period. Northern Trust Corp lifted its stake in Delta Air Lines by 0.7% during the 2nd quarter. Northern Trust Corp now owns 6,403,999 shares of the transportation company’s stock valued at $363,428,000 after acquiring an additional 42,077 shares during the period. Finally, Neuberger Berman Group LLC lifted its stake in Delta Air Lines by 15.0% during the 1st quarter. Neuberger Berman Group LLC now owns 6,124,500 shares of the transportation company’s stock valued at $316,331,000 after acquiring an additional 798,959 shares during the period. Institutional investors own 85.54% of the company’s stock.

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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