Delta Air Lines (NYSE:DAL) issued its quarterly earnings data on Wednesday. The transportation company reported ($2.53) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($2.50) by ($0.03), MarketWatch Earnings reports. Delta Air Lines had a negative return on equity of 39.69% and a negative net margin of 42.88%. The business had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same period last year, the business earned $1.70 earnings per share. The company’s revenue for the quarter was down 65.3% on a year-over-year basis.
Shares of NYSE DAL traded down $1.51 during midday trading on Friday, hitting $39.96. The company’s stock had a trading volume of 1,048,890 shares, compared to its average volume of 12,098,233. Delta Air Lines has a 1-year low of $17.51 and a 1-year high of $62.48. The firm’s fifty day moving average price is $40.71 and its 200-day moving average price is $33.11. The company has a debt-to-equity ratio of 8.88, a quick ratio of 1.23 and a current ratio of 1.27. The firm has a market cap of $25.48 billion, a P/E ratio of -2.46 and a beta of 1.45.
In other Delta Air Lines news, CFO Paul A. Jacobson sold 125,000 shares of the business’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $35.84, for a total transaction of $4,480,000.00. Following the completion of the transaction, the chief financial officer now directly owns 303,478 shares of the company’s stock, valued at approximately $10,876,651.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward H. Bastian sold 65,000 shares of the business’s stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $33.58, for a total transaction of $2,182,700.00. Following the transaction, 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 sold a total of 255,487 shares of company stock valued at $9,077,952 over the last ninety days. Company 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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