Delta Air Lines (NYSE:DAL) released its quarterly earnings results on Wednesday. The transportation company reported ($2.53) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($2.50) by ($0.03), MarketWatch Earnings reports. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.59 billion. Delta Air Lines had a negative net margin of 42.88% and a negative return on equity of 39.69%. The firm’s revenue was down 65.3% on a year-over-year basis. During the same quarter last year, the company earned $1.70 earnings per share.
DAL stock traded down $1.45 during trading on Friday, hitting $40.02. 988,216 shares of the stock traded hands, compared to its average volume of 12,098,233. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 8.88. The stock has a market cap of $25.52 billion, a price-to-earnings ratio of -2.46 and a beta of 1.45. Delta Air Lines has a one year low of $17.51 and a one year high of $62.48. The company has a 50 day simple moving average of $40.71 and a 200 day simple moving average of $33.11.
In related news, EVP Joanne D. Smith sold 13,532 shares of the stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $36.81, for a total transaction of $498,112.92. Following the sale, the executive vice president now directly owns 102,471 shares in the company, valued at approximately $3,771,957.51. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 65,000 shares of the firm’s stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $33.58, for a total value of $2,182,700.00. Following the sale, the chief executive officer now directly owns 341,060 shares of the company’s stock, valued at $11,452,794.80. The disclosure for this sale can be found here. Insiders have sold 255,487 shares of company stock worth $9,077,952 over the last ninety days. Insiders own 0.63% 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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, London-Heathrow, Mexico City, Paris-Charles de Gaulle, and Seoul-Incheon.
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