Q1 2018 Earnings Forecast for Delta Air Lines, Inc. Issued By Imperial Capital (DAL)
Delta Air Lines, Inc. (NYSE:DAL) – Investment analysts at Imperial Capital cut their Q1 2018 earnings estimates for Delta Air Lines in a research report issued on Friday. Imperial Capital analyst M. Derchin now expects that the transportation company will earn $0.80 per share for the quarter, down from their prior forecast of $0.81. Imperial Capital currently has a “Outperform” rating and a $65.00 target price on the stock. Imperial Capital also issued estimates for Delta Air Lines’ Q4 2018 earnings at $1.55 EPS.
A number of other research firms have also commented on DAL. JPMorgan Chase & Co. restated an “overweight” rating and set a $63.00 price target (down from $67.00) on shares of Delta Air Lines in a research report on Wednesday, September 27th. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Cowen boosted their price target on shares of Delta Air Lines from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, October 12th. Sanford C. Bernstein set a $67.00 price target on shares of Delta Air Lines and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 target price (down from $80.00) on shares of Delta Air Lines in a research report on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $65.53.
Delta Air Lines (NYSE DAL) opened at $59.83 on Monday. The company has a market cap of $42,657.18, a price-to-earnings ratio of 12.11 and a beta of 1.30. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. Delta Air Lines has a 1 year low of $43.81 and a 1 year high of $60.50.
Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 EPS.
Institutional investors have recently bought and sold shares of the business. IHT Wealth Management LLC lifted its stake in Delta Air Lines by 40.9% in the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after purchasing an additional 220 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in Delta Air Lines in the second quarter worth $114,000. Advisory Services Network LLC lifted its stake in Delta Air Lines by 3.0% in the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after purchasing an additional 75 shares during the last quarter. BB&T Investment Services Inc. bought a new stake in Delta Air Lines in the second quarter worth $128,000. Finally, Blue Granite Capital LLC bought a new stake in Delta Air Lines in the third quarter worth $162,000. 85.07% of the stock is owned by institutional investors and hedge funds.
In other Delta Air Lines news, EVP Peter W. Carter sold 19,809 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $50.42, for a total value of $998,769.78. Following the completion of the sale, the executive vice president now directly owns 67,077 shares of the company’s stock, valued at $3,382,022.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 20,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $52.79, for a total transaction of $1,055,800.00. The disclosure for this sale can be found here. Insiders sold 249,197 shares of company stock valued at $13,797,192 over the last quarter. 0.37% of the stock is owned by company insiders.
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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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