Delta Air Lines (NYSE:DAL) Releases Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Delta Air Lines (NYSE:DAL) issued its earnings results on Tuesday. The transportation company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.15, MarketWatch Earnings reports. The business had revenue of $9.15 billion during the quarter, compared to analysts’ expectations of $8.46 billion. Delta Air Lines had a negative return on equity of 398.80% and a negative net margin of 36.37%. Delta Air Lines’s revenue was up 199.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($3.30) earnings per share.

NYSE DAL opened at $41.03 on Thursday. Delta Air Lines has a fifty-two week low of $28.74 and a fifty-two week high of $52.28. The stock’s 50-day moving average is $41.13 and its two-hundred day moving average is $43.70. The company has a debt-to-equity ratio of 20.83, a current ratio of 0.83 and a quick ratio of 0.82. The firm has a market cap of $26.26 billion, a P/E ratio of -3.91 and a beta of 1.41.

Several analysts have recently commented on DAL shares. Argus cut Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, September 23rd. Wolfe Research cut Delta Air Lines from an “outperform” rating to a “market perform” rating and set a $43.00 target price for the company. in a research report on Wednesday. Susquehanna decreased their target price on Delta Air Lines from $53.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, July 15th. Redburn Partners began coverage on Delta Air Lines in a research report on Wednesday, August 11th. They issued a “neutral” rating for the company. Finally, Raymond James raised Delta Air Lines from a “market perform” rating to a “strong-buy” rating and set a $58.00 price objective for the company in a research report on Thursday, July 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $52.44.

In other Delta Air Lines news, Director David S. Taylor acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, August 3rd. The shares were acquired at an average cost of $39.30 per share, for a total transaction of $196,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David S. Taylor acquired 3,000 shares of the company’s stock in a transaction dated Monday, July 19th. The stock was acquired at an average price of $38.25 per share, for a total transaction of $114,750.00. The disclosure for this purchase can be found here. 0.63% of the stock is owned by company insiders.

About Delta Air Lines

Delta Air Lines, Inc engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products.

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Earnings History for Delta Air Lines (NYSE:DAL)

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