Delta Air Lines (NYSE:DAL) Issues FY19 Earnings Guidance
Delta Air Lines (NYSE:DAL) updated its FY19 earnings guidance on Thursday. The company provided EPS guidance of $6.75-7.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.98. Delta Air Lines also updated its FY 2019 guidance to $6.75-7.25 EPS.
A number of research analysts recently weighed in on the stock. Cowen reaffirmed an outperform rating and issued a $69.00 target price (up previously from $67.00) on shares of Delta Air Lines in a research report on Thursday. Citigroup raised their target price on shares of Vistra Energy from $32.00 to $36.00 and gave the company a buy rating in a research report on Thursday, April 11th. Bank of America set a $152.00 target price on shares of Caterpillar and gave the company a buy rating in a research report on Thursday, April 4th. Credit Suisse Group lifted their price objective on shares of Delta Air Lines from $37.00 to $68.00 and gave the company an outperform rating in a research report on Thursday, April 11th. Finally, Deutsche Bank lifted their price objective on shares of Spirit Airlines from $75.00 to $79.00 and gave the company a buy rating in a research report on Friday. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $67.18.
Shares of DAL opened at $61.65 on Friday. The company has a 50-day moving average price of $56.03. Delta Air Lines has a one year low of $45.08 and a one year high of $62.24. The company has a market cap of $40.38 billion, a P/E ratio of 10.91, a PEG ratio of 0.49 and a beta of 1.18. The company has a current ratio of 0.34, a quick ratio of 0.29 and a debt-to-equity ratio of 0.95.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th will be paid a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 2.61%. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.35. Delta Air Lines’s dividend payout ratio (DPR) is currently 24.78%.
In other news, EVP Peter W. Carter sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $58.01, for a total transaction of $1,450,250.00. Following the completion of the sale, the executive vice president now owns 85,295 shares in the company, valued at approximately $4,947,962.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Steven M. Sear sold 8,993 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $53.27, for a total transaction of $479,057.11. Following the sale, the insider now owns 76,150 shares of the company’s stock, valued at approximately $4,056,510.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,003 shares of company stock valued at $3,709,180. 0.47% of the stock is currently owned by corporate insiders.
Delta Air Lines Company Profile
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.
Further Reading: What is Cost of Goods Sold (COGS)?
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