Q3 2017 EPS Estimates for Delta Air Lines, Inc. (DAL) Reduced by Analyst
Delta Air Lines, Inc. (NYSE:DAL) – Analysts at Imperial Capital dropped their Q3 2017 EPS estimates for shares of Delta Air Lines in a report issued on Wednesday. Imperial Capital analyst M. Derchin now anticipates that the transportation company will post earnings of $1.50 per share for the quarter, down from their previous estimate of $1.53. Imperial Capital has a “Hold” rating and a $50.00 price objective on the stock. Imperial Capital also issued estimates for Delta Air Lines’ FY2017 earnings at $5.02 EPS, FY2018 earnings at $5.45 EPS and FY2019 earnings at $2.40 EPS.
A number of other research analysts also recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating and set a $57.00 price objective (up from $56.00) on shares of Delta Air Lines in a research report on Wednesday. UBS AG restated a “buy” rating and set a $62.00 target price (down previously from $65.00) on shares of Delta Air Lines in a report on Saturday, September 30th. Cowen and Company dropped their target price on shares of Delta Air Lines from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Thursday, September 28th. J P Morgan Chase & Co restated an “overweight” rating and set a $63.00 target price (down previously from $67.00) on shares of Delta Air Lines in a report on Wednesday, September 27th. Finally, Macquarie assumed coverage on shares of Delta Air Lines in a report on Monday, September 25th. They set an “outperform” rating and a $61.00 target price on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $61.91.
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Delta Air Lines (NYSE DAL) opened at 52.01 on Thursday. The company has a market capitalization of $37.86 billion, a price-to-earnings ratio of 10.31 and a beta of 1.24. The firm has a 50 day moving average of $48.09 and a 200-day moving average of $49.25. Delta Air Lines has a 1-year low of $37.91 and a 1-year high of $55.75.
Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by ($0.02). The company had revenue of $10.79 billion for the quarter, compared to the consensus estimate of $10.81 billion. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.47 earnings per share.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd were paid a $0.305 dividend. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, August 21st. This represents a $1.22 dividend on an annualized basis and a yield of 2.35%. Delta Air Lines’s payout ratio is presently 24.25%.
In related news, VP Craig M. Meynard sold 5,000 shares of the company’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $55.26, for a total value of $276,300.00. Following the transaction, the vice president now owns 7,437 shares in the company, valued at approximately $410,968.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director George N. Mattson purchased 6,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was purchased at an average price of $45.44 per share, for a total transaction of $272,640.00. Following the purchase, the director now owns 61,510 shares in the company, valued at $2,795,014.40. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 141,000 shares of company stock worth $283,440 and sold 75,700 shares worth $4,171,150. Insiders own 0.37% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Roundview Capital LLC lifted its stake in Delta Air Lines by 0.3% during the 2nd quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock valued at $275,000 after acquiring an additional 15 shares during the period. Patten Group Inc. lifted its stake in Delta Air Lines by 0.3% during the 1st quarter. Patten Group Inc. now owns 9,307 shares of the transportation company’s stock valued at $420,000 after acquiring an additional 30 shares during the period. Traynor Capital Management Inc. lifted its stake in Delta Air Lines by 1.2% during the 2nd quarter. Traynor Capital Management Inc. now owns 4,911 shares of the transportation company’s stock valued at $246,000 after acquiring an additional 58 shares during the period. MUFG Securities EMEA plc lifted its stake in Delta Air Lines by 1.2% during the 2nd quarter. MUFG Securities EMEA plc now owns 5,307 shares of the transportation company’s stock valued at $285,000 after acquiring an additional 65 shares during the period. Finally, Advisory Services Network LLC lifted its stake in Delta Air Lines by 3.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 75 shares during the period. Institutional investors own 86.26% of the company’s stock.
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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