Delta Air Lines, Inc. (NYSE:DAL) Expected to Announce Earnings of $0.55 Per Share

Wall Street brokerages expect that Delta Air Lines, Inc. (NYSE:DALGet Rating) will announce earnings of $0.55 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Delta Air Lines’ earnings, with the highest EPS estimate coming in at $1.45 and the lowest estimate coming in at ($0.19). Delta Air Lines reported earnings per share of ($1.07) during the same quarter last year, which indicates a positive year-over-year growth rate of 151.4%. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Delta Air Lines will report full-year earnings of $1.38 per share for the current fiscal year, with EPS estimates ranging from ($0.50) to $2.91. For the next financial year, analysts expect that the business will report earnings of $5.46 per share, with EPS estimates ranging from $2.15 to $6.45. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Delta Air Lines.

Delta Air Lines (NYSE:DALGet Rating) last posted its quarterly earnings data on Wednesday, April 13th. The transportation company reported ($1.23) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.27) by $0.04. Delta Air Lines had a negative return on equity of 41.80% and a net margin of 1.47%. The business had revenue of $9.35 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same period in the previous year, the business earned ($3.55) earnings per share. The business’s revenue was up 125.3% compared to the same quarter last year.

Several analysts have recently issued reports on the stock. UBS Group upgraded shares of Delta Air Lines to a “buy” rating in a research report on Friday, January 7th. 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 report on Wednesday, January 5th. The Goldman Sachs Group increased their target price on Delta Air Lines from $39.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday. Raymond James decreased their target price on Delta Air Lines from $55.00 to $53.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 14th. Finally, Bank of America boosted their price target on Delta Air Lines from $47.00 to $50.00 in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and an average target price of $52.44.

In related news, SVP William C. Carroll sold 3,580 shares of the firm’s stock in a transaction dated Wednesday, February 2nd. The shares were sold at an average price of $40.08, for a total transaction of $143,486.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.63% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DAL. MML Investors Services LLC increased its stake in Delta Air Lines by 0.3% during the fourth quarter. MML Investors Services LLC now owns 71,502 shares of the transportation company’s stock worth $2,794,000 after acquiring an additional 227 shares during the last quarter. UMB Bank N A MO grew its holdings in shares of Delta Air Lines by 2.8% during the 4th quarter. UMB Bank N A MO now owns 8,418 shares of the transportation company’s stock worth $329,000 after purchasing an additional 228 shares during the period. Cookson Peirce & Co. Inc. increased its position in shares of Delta Air Lines by 0.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 65,404 shares of the transportation company’s stock worth $2,556,000 after purchasing an additional 253 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in Delta Air Lines by 0.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 54,775 shares of the transportation company’s stock valued at $2,203,000 after buying an additional 254 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its position in Delta Air Lines by 2.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 10,167 shares of the transportation company’s stock valued at $397,000 after buying an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 62.86% of the company’s stock.

Shares of NYSE DAL opened at $42.36 on Monday. The company has a debt-to-equity ratio of 8.17, a quick ratio of 0.60 and a current ratio of 0.65. The firm has a fifty day moving average of $38.63 and a 200 day moving average of $39.49. The firm has a market cap of $27.11 billion, a PE ratio of 53.62 and a beta of 1.20. Delta Air Lines has a one year low of $29.75 and a one year high of $49.05.

Delta Air Lines Company Profile (Get Rating)

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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.

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Earnings History and Estimates for Delta Air Lines (NYSE:DAL)

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