Delta Air Lines (NYSE:DAL) Releases Earnings Results, Beats Estimates By $0.07 EPS

Delta Air Lines (NYSE:DAL) issued its quarterly earnings results on Wednesday. The transportation company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07, MarketWatch Earnings reports. The business had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $9.29 billion. Delta Air Lines had a negative return on equity of 294.36% and a negative net margin of 0.28%. Delta Air Lines’s revenue for the quarter was up 138.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($2.53) earnings per share.

DAL stock traded down $1.17 during mid-day trading on Friday, hitting $40.30. 1,179,863 shares of the company were exchanged, compared to its average volume of 11,626,261. Delta Air Lines has a 1-year low of $33.40 and a 1-year high of $52.28. The business has a 50 day simple moving average of $39.40 and a 200-day simple moving average of $40.51. The stock has a market capitalization of $25.79 billion, a PE ratio of -318.98 and a beta of 1.29. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 9.79.

In other news, Director David S. Taylor acquired 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 30th. The shares were acquired at an average cost of $35.59 per share, with a total value of $213,540.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.63% of the stock is currently owned by company insiders.

A number of analysts have weighed in on the company. Argus cut Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, September 23rd. Jefferies Financial Group lifted their price objective on Delta Air Lines from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, January 5th. Raymond James dropped their price objective on Delta Air Lines from $55.00 to $53.00 and set a “strong-buy” rating on the stock in a research note on Friday. Barclays dropped their price objective on Delta Air Lines from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Susquehanna upgraded Delta Air Lines from a “neutral” rating to a “positive” rating and boosted their price target for the company from $45.00 to $50.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $51.71.

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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