$12.74 Billion in Sales Expected for Delta Air Lines, Inc. (NYSE:DAL) This Quarter

Analysts predict that Delta Air Lines, Inc. (NYSE:DAL – Get Rating) will post sales of $12.74 billion for the current quarter, according to Zacks. Five analysts have issued estimates for Delta Air Lines’ earnings. The highest sales estimate is $13.13 billion and the lowest is $11.98 billion. Delta Air Lines posted sales of $7.13 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 78.7%. The firm is expected to report its next earnings report on Monday, January 1st.

On average, analysts expect that Delta Air Lines will report full-year sales of $46.40 billion for the current fiscal year, with estimates ranging from $44.51 billion to $49.13 billion. For the next year, analysts anticipate that the company will post sales of $50.71 billion, with estimates ranging from $44.49 billion to $59.33 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Delta Air Lines.

Delta Air Lines (NYSE:DAL – Get Rating) last issued its quarterly earnings results on Wednesday, April 13th. The transportation company reported ($1.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.27) by $0.04. The firm had revenue of $9.35 billion for the quarter, compared to analysts’ expectations of $8.99 billion. Delta Air Lines had a negative return on equity of 41.80% and a net margin of 1.47%. Delta Air Lines’s revenue was up 125.3% on a year-over-year basis. During the same quarter last year, the business posted ($3.55) EPS.

Several research firms have weighed in on DAL. The Goldman Sachs Group lifted their target price on Delta Air Lines from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, April 14th. JPMorgan Chase & Co. lifted their target price on Delta Air Lines from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, April 22nd. Citigroup lowered their target price on Delta Air Lines from $56.00 to $54.00 in a research note on Tuesday, January 18th. Bank of America lifted their target price on Delta Air Lines from $47.00 to $50.00 in a research note on Thursday, April 14th. Finally, Argus raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Tuesday, January 18th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Delta Air Lines currently has an average rating of “Buy” and a consensus price target of $52.41.

Shares of DAL opened at $38.25 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.60 and a debt-to-equity ratio of 8.17. Delta Air Lines has a 1-year low of $29.75 and a 1-year high of $48.54. The business’s 50-day moving average price is $38.82 and its 200 day moving average price is $39.53. The stock has a market capitalization of $24.52 billion, a P/E ratio of 48.42 and a beta of 1.05.

In other Delta Air Lines news, Director Greg Creed acquired 11,000 shares of Delta Air Lines stock in a transaction dated Friday, April 22nd. The stock was bought at an average cost of $44.03 per share, with a total value of $484,330.00. Following the completion of the transaction, the director now owns 11,000 shares of the company’s stock, valued at $484,330. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Glen W. Hauenstein sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $43.55, for a total value of $435,500.00. Following the completion of the sale, the president now directly owns 267,527 shares of the company’s stock, valued at $11,650,800.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,122 shares of company stock valued at $1,089,874. Corporate insiders own 0.63% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. MML Investors Services LLC boosted its position in shares of Delta Air Lines by 0.3% in the fourth quarter. MML Investors Services LLC now owns 71,502 shares of the transportation company’s stock valued at $2,794,000 after acquiring an additional 227 shares during the period. UMB Bank N A MO boosted its position in shares of Delta Air Lines by 2.8% in the fourth quarter. UMB Bank N A MO now owns 8,418 shares of the transportation company’s stock valued at $329,000 after acquiring an additional 228 shares during the period. Landmark Wealth Management LLC bought a new stake in shares of Delta Air Lines in the first quarter valued at approximately $25,000. Cookson Peirce & Co. Inc. boosted its position in shares of Delta Air Lines by 0.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 65,404 shares of the transportation company’s stock valued at $2,556,000 after acquiring an additional 253 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its position in shares of Delta Air Lines by 0.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 54,775 shares of the transportation company’s stock valued at $2,203,000 after acquiring an additional 254 shares during the period. 63.24% of the stock is owned by institutional investors.

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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