Delta Air Lines (DAL) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS
Delta Air Lines (NYSE:DAL) announced its quarterly earnings data on Wednesday. The transportation company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.06, MarketWatch Earnings reports. Delta Air Lines had a net margin of 8.78% and a return on equity of 29.42%. During the same period in the previous year, the business earned $0.74 earnings per share. Delta Air Lines updated its Q2 2019 guidance to $2.05-2.35 EPS.
NYSE:DAL opened at $57.86 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.34 and a debt-to-equity ratio of 1.03. Delta Air Lines has a twelve month low of $45.08 and a twelve month high of $61.32. The stock has a market cap of $38.67 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 0.69 and a beta of 1.08.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $1.40 annualized dividend and a yield of 2.42%. Delta Air Lines’s dividend payout ratio (DPR) is currently 24.78%.
In other Delta Air Lines news, Director Francis S. Blake bought 5,185 shares of the company’s stock in a transaction on Monday, January 28th. The stock was purchased at an average cost of $48.17 per share, for a total transaction of $249,761.45. Following the acquisition, the director now owns 47,885 shares of the company’s stock, valued at approximately $2,306,620.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO W Gilbert West sold 36,000 shares of the firm’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $51.51, for a total transaction of $1,854,360.00. Following the transaction, the chief operating officer now owns 100,799 shares of the company’s stock, valued at $5,192,156.49. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 3,559,723 shares of company stock valued at $176,077,837 and have sold 70,436 shares valued at $3,602,036. Company insiders own 0.33% of the company’s stock.
Large investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund grew its holdings in shares of Delta Air Lines by 3,837.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,713,031 shares of the transportation company’s stock worth $215,000 after buying an additional 10,440,934 shares in the last quarter. FMR LLC grew its holdings in shares of Delta Air Lines by 30.9% during the fourth quarter. FMR LLC now owns 9,742,670 shares of the transportation company’s stock worth $486,161,000 after buying an additional 2,298,101 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Delta Air Lines by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,801,924 shares of the transportation company’s stock worth $389,356,000 after buying an additional 50,255 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Delta Air Lines by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 7,757,127 shares of the transportation company’s stock worth $386,658,000 after buying an additional 532,550 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in shares of Delta Air Lines by 1.0% during the third quarter. Neuberger Berman Group LLC now owns 6,867,623 shares of the transportation company’s stock worth $397,155,000 after buying an additional 69,137 shares in the last quarter. Hedge funds and other institutional investors own 88.01% of the company’s stock.
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About Delta Air Lines
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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.
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