Zacks: Brokerages Expect Delta Air Lines, Inc. (DAL) Will Post Earnings of $1.76 Per Share
Analysts expect Delta Air Lines, Inc. (NYSE:DAL) to announce $1.76 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Delta Air Lines’ earnings, with estimates ranging from $1.65 to $1.89. Delta Air Lines posted earnings of $1.57 per share in the same quarter last year, which suggests a positive year over year growth rate of 12.1%. The company is scheduled to report its next earnings report on Wednesday, October 10th.
On average, analysts expect that Delta Air Lines will report full year earnings of $5.58 per share for the current year, with EPS estimates ranging from $5.41 to $5.84. For the next fiscal year, analysts anticipate that the company will report earnings of $6.50 per share, with EPS estimates ranging from $5.75 to $7.65. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Delta Air Lines.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, July 12th. The transportation company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.72 by $0.05. Delta Air Lines had a net margin of 7.72% and a return on equity of 26.75%. The company had revenue of $11.78 billion during the quarter, compared to analysts’ expectations of $11.73 billion. During the same period last year, the company posted $1.64 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis.
Shares of DAL traded up $1.91 during midday trading on Wednesday, hitting $57.56. The stock had a trading volume of 399,358 shares, compared to its average volume of 7,237,128. Delta Air Lines has a fifty-two week low of $44.59 and a fifty-two week high of $60.79. The stock has a market cap of $37.82 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 0.48 and a beta of 1.09. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.40 and a quick ratio of 0.31.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 16th. Investors of record on Thursday, July 26th were issued a dividend of $0.35 per share. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.31. This represents a $1.40 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Wednesday, July 25th. Delta Air Lines’s dividend payout ratio (DPR) is currently 28.40%.
In other Delta Air Lines news, COO W Gilbert West sold 15,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, July 13th. The shares were sold at an average price of $50.47, for a total value of $757,050.00. Following the completion of the sale, the chief operating officer now directly owns 104,447 shares in the company, valued at $5,271,440.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven M. Sear sold 10,247 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $54.35, for a total transaction of $556,924.45. Following the completion of the sale, the insider now owns 59,494 shares of the company’s stock, valued at $3,233,498.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 132,681 shares of company stock valued at $7,061,493. 0.33% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Andra AP fonden lifted its stake in Delta Air Lines by 24.0% in the second quarter. Andra AP fonden now owns 74,800 shares of the transportation company’s stock valued at $3,706,000 after acquiring an additional 14,500 shares during the last quarter. Schroder Investment Management Group lifted its stake in Delta Air Lines by 2,963.6% in the second quarter. Schroder Investment Management Group now owns 352,344 shares of the transportation company’s stock valued at $17,547,000 after acquiring an additional 340,843 shares during the last quarter. Global X Management Co LLC lifted its stake in Delta Air Lines by 15.2% in the second quarter. Global X Management Co LLC now owns 35,468 shares of the transportation company’s stock valued at $1,757,000 after acquiring an additional 4,669 shares during the last quarter. MAI Capital Management acquired a new stake in Delta Air Lines in the second quarter valued at approximately $203,000. Finally, Bank of Nova Scotia lifted its stake in Delta Air Lines by 49.7% in the second quarter. Bank of Nova Scotia now owns 123,856 shares of the transportation company’s stock valued at $6,135,000 after acquiring an additional 41,120 shares during the last quarter. Hedge funds and other institutional investors own 87.69% 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.
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