Delta Air Lines (DAL) Issues FY18 Earnings Guidance
Delta Air Lines (NYSE:DAL) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $6.35-6.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.92. Delta Air Lines also updated its Q1 guidance to $0.60-0.80 EPS.
A number of brokerages have recently commented on DAL. Imperial Capital set a $65.00 price target on shares of Delta Air Lines and gave the stock a buy rating in a report on Friday. Sanford C. Bernstein set a $67.00 price objective on shares of Delta Air Lines and gave the company a buy rating in a research note on Wednesday. Stephens reaffirmed a buy rating and issued a $72.00 price objective on shares of Delta Air Lines in a research note on Wednesday. Stifel Nicolaus reaffirmed a buy rating and issued a $85.00 price objective (up previously from $75.00) on shares of Delta Air Lines in a research note on Wednesday. Finally, Cowen cut their price objective on shares of Delta Air Lines from $60.00 to $58.00 and set an outperform rating for the company in a research note on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Delta Air Lines presently has a consensus rating of Buy and an average price target of $65.53.
Shares of Delta Air Lines (NYSE:DAL) opened at $58.52 on Friday. The firm has a market cap of $41,720.00, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 1.79 and a beta of 1.30. 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 12-month low of $43.81 and a 12-month high of $59.20.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Wednesday, January 10th. The transportation company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.09. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 EPS. equities research analysts expect that Delta Air Lines will post 4.89 earnings per share for the current fiscal year.
In other Delta Air Lines news, CEO Edward H. Bastian sold 20,000 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $52.79, for a total transaction of $1,055,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Edward H. Bastian sold 73,211 shares of the stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $56.04, for a total transaction of $4,102,744.44. Following the sale, the chief executive officer now directly owns 338,719 shares of the company’s stock, valued at approximately $18,981,812.76. The disclosure for this sale can be found here. Insiders have sold a total of 249,197 shares of company stock valued at $13,797,192 in the last three months. 0.37% of the stock is currently owned by corporate insiders.
About Delta Air Lines
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.
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