Delta Air Lines (NYSE:DAL) Posts Earnings Results, Misses Expectations By $0.20 EPS

Delta Air Lines (NYSE:DAL) posted its quarterly earnings results on Tuesday. The transportation company reported ($3.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($3.10) by ($0.20), MarketWatch Earnings reports. Delta Air Lines had a negative net margin of 10.74% and a negative return on equity of 4.02%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.12 billion. During the same period last year, the firm posted $2.32 EPS. Delta Air Lines’s revenue was down 75.6% on a year-over-year basis.

Shares of NYSE DAL opened at $31.77 on Wednesday. The stock’s 50 day moving average price is $31.56 and its two-hundred day moving average price is $27.53. Delta Air Lines has a 52-week low of $17.51 and a 52-week high of $62.48. The stock has a market capitalization of $20.26 billion, a P/E ratio of -5.45 and a beta of 1.32. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 2.23.

DAL has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on Delta Air Lines from $45.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. Goldman Sachs Group boosted their price target on Delta Air Lines from $33.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, June 29th. Zacks Investment Research upgraded Delta Air Lines from a “sell” rating to a “hold” rating and set a $31.00 price objective on the stock in a research note on Wednesday, June 24th. Raymond James boosted their price objective on Delta Air Lines from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 30th. Finally, Morgan Stanley reduced their price objective on Delta Air Lines from $54.00 to $51.00 and set an “overweight” rating on the stock in a research note on Wednesday. Eleven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $44.67.

In other Delta Air Lines news, CFO Paul A. Jacobson sold 18,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $29.00, for a total transaction of $522,000.00. Following the sale, the chief financial officer now owns 453,478 shares in the company, valued at $13,150,862. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven M. Sear sold 14,127 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $28.98, for a total value of $409,400.46. Following the sale, the executive vice president now owns 83,938 shares in the company, valued at approximately $2,432,523.24. The disclosure for this sale can be found here. Insiders have sold 57,127 shares of company stock worth $1,723,900 in the last 90 days. 0.63% of the stock is currently owned by 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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Earnings History for Delta Air Lines (NYSE:DAL)

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