Delta Air Lines (DAL) Issues Earnings Results
Delta Air Lines (NYSE:DAL) issued its quarterly earnings results on Thursday. The transportation company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08, Bloomberg Earnings reports. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company posted $0.82 EPS. Delta Air Lines updated its Q1 guidance to $0.60-0.80 EPS and its FY18 guidance to $6.35-6.70 EPS.
Shares of Delta Air Lines (NYSE DAL) opened at $58.52 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. Delta Air Lines has a 1-year low of $43.81 and a 1-year high of $59.20. The stock has a market capitalization of $41,720.00, a price-to-earnings ratio of 11.85, a P/E/G ratio of 1.79 and a beta of 1.30.
Several equities research analysts have recently weighed in on DAL shares. Imperial Capital set a $65.00 price objective on Delta Air Lines and gave the stock an “outperform” rating in a research note on Friday. Stephens set a $67.00 target price on Delta Air Lines and gave the company a “buy” rating in a report on Monday, December 18th. Sanford C. Bernstein set a $67.00 target price on Delta Air Lines and gave the company a “buy” rating in a report on Wednesday. Vetr upgraded Delta Air Lines from a “strong sell” rating to a “sell” rating and set a $49.97 target price for the company in a report on Wednesday, January 3rd. Finally, Cowen increased their target price on Delta Air Lines from $62.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, December 15th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $65.53.
Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.