Delta Air Lines (NYSE:DAL) updated its FY 2019 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 $6.90. Delta Air Lines also updated its FY19 guidance to $6.75-7.25 EPS.
Several brokerages recently commented on DAL. Bank of America set a $152.00 target price on Caterpillar and gave the stock a buy rating in a report on Thursday, April 4th. Buckingham Research dropped their target price on Fastenal from $31.00 to $29.00 and set a neutral rating on the stock in a report on Friday. Deutsche Bank boosted their target price on Spirit Airlines from $75.00 to $79.00 and gave the stock a buy rating in a report on Friday. Cowen reissued an outperform rating and set a $69.00 target price (up previously from $67.00) on shares of Delta Air Lines in a report on Thursday. Finally, Raymond James reissued a hold rating and set a $19.50 target price on shares of in a report on Friday. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Delta Air Lines has a consensus rating of Buy and a consensus price target of $67.18.
Delta Air Lines stock opened at $61.65 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.29 and a current ratio of 0.34. The firm has a market capitalization of $40.38 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 0.49 and a beta of 1.18. Delta Air Lines has a 1 year low of $45.08 and a 1 year high of $62.24. The business has a 50 day simple moving average of $56.03.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.07. The firm had revenue of $12.54 billion for the quarter, compared to analyst estimates of $12.49 billion. Delta Air Lines had a net margin of 9.85% and a return on equity of 31.68%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.77 earnings per share. Analysts predict that Delta Air Lines will post 6.95 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be given a $0.4025 dividend. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.35. This represents a $1.61 annualized dividend and a yield of 2.61%. Delta Air Lines’s payout ratio is 24.78%.
In other Delta Air Lines news, CEO Edward H. Bastian sold 30,000 shares of Delta Air Lines stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $57.50, for a total transaction of $1,725,000.00. Following the transaction, the chief executive officer now directly owns 354,191 shares in the company, valued at approximately $20,365,982.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steven M. Sear sold 8,993 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $53.27, for a total transaction of $479,057.11. Following the transaction, the insider now owns 76,150 shares in the company, valued at $4,056,510.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,003 shares of company stock worth $3,709,180. 0.47% of the stock is currently owned by company 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.
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