Brokerages predict that Delta Air Lines, Inc. (NYSE:DAL) will report earnings of $0.83 per share for the current quarter, according to Zacks. Eleven analysts have made estimates for Delta Air Lines’ earnings, with the highest EPS estimate coming in at $0.88 and the lowest estimate coming in at $0.77. Delta Air Lines posted earnings of $0.74 per share during the same quarter last year, which would suggest a positive year over year growth rate of 12.2%. The firm is expected to announce its next earnings results on Thursday, April 11th.

According to Zacks, analysts expect that Delta Air Lines will report full-year earnings of $6.54 per share for the current fiscal year, with EPS estimates ranging from $6.09 to $6.98. For the next fiscal year, analysts expect that the business will report earnings of $6.95 per share, with EPS estimates ranging from $5.96 to $7.80. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Delta Air Lines.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Tuesday, January 15th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.03. Delta Air Lines had a return on equity of 29.43% and a net margin of 8.78%. The business had revenue of $10.74 billion for the quarter, compared to the consensus estimate of $10.71 billion. During the same period in the prior year, the business earned $0.96 earnings per share. The business’s revenue was up 5.0% on a year-over-year basis.

DAL has been the topic of several recent analyst reports. Goldman Sachs Group initiated coverage on Delta Air Lines in a research report on Monday, November 12th. They set a “neutral” rating and a $64.00 target price on the stock. Credit Suisse Group initiated coverage on Delta Air Lines in a research report on Monday, November 19th. They set an “outperform” rating and a $71.00 target price on the stock. Citigroup initiated coverage on Delta Air Lines in a research report on Wednesday, November 28th. They set a “positive” rating and a $69.00 target price on the stock. Susquehanna Bancshares initiated coverage on Delta Air Lines in a research report on Wednesday, November 28th. They set a “positive” rating and a $69.00 target price on the stock. Finally, Imperial Capital increased their target price on Delta Air Lines from $76.00 to $83.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 4th. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $67.22.

NYSE DAL traded up $0.60 during trading hours on Friday, hitting $51.08. 6,491,929 shares of the company’s stock were exchanged, compared to its average volume of 8,432,117. Delta Air Lines has a 12-month low of $45.08 and a 12-month high of $61.32. The company has a market capitalization of $35.02 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 0.58 and a beta of 1.11. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 1.03.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 1st will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $1.40 annualized dividend and a yield of 2.74%. Delta Air Lines’s dividend payout ratio is presently 24.78%.

In other news, Director Francis S. Blake purchased 5,185 shares of the company’s stock in a transaction on Monday, January 28th. The stock was bought at an average cost of $48.17 per share, for a total transaction of $249,761.45. Following the completion of the purchase, the director now directly owns 47,885 shares of the company’s stock, valued at approximately $2,306,620.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 60,000 shares of the company’s stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $50.00, for a total value of $3,000,000.00. Following the sale, the chief executive officer now owns 326,943 shares of the company’s stock, valued at $16,347,150. The disclosure for this sale can be found here. Insiders have acquired 13,185 shares of company stock valued at $664,881 over the last 90 days. 0.33% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the business. BlackRock Inc. grew its stake in shares of Delta Air Lines by 3.6% in the third quarter. BlackRock Inc. now owns 36,958,163 shares of the transportation company’s stock valued at $2,137,290,000 after buying an additional 1,297,215 shares in the last quarter. Primecap Management Co. CA grew its stake in shares of Delta Air Lines by 1.2% in the third quarter. Primecap Management Co. CA now owns 28,555,011 shares of the transportation company’s stock valued at $1,651,336,000 after buying an additional 347,641 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Delta Air Lines by 3,837.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,713,031 shares of the transportation company’s stock valued at $215,000 after buying an additional 10,440,934 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Delta Air Lines by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,801,924 shares of the transportation company’s stock valued at $389,356,000 after buying an additional 50,255 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Delta Air Lines by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 7,757,127 shares of the transportation company’s stock valued at $386,658,000 after purchasing an additional 532,550 shares during the last quarter. Institutional investors own 89.33% of the company’s stock.

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, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

See Also: Earnings Per Share (EPS)

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