Delta Air Lines (NYSE:DAL) Issues Quarterly Earnings Results

Delta Air Lines (NYSE:DAL) issued its quarterly earnings results on Wednesday. The transportation company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.15 by $0.15, MarketWatch Earnings reports. Delta Air Lines had a negative net margin of 36.37% and a negative return on equity of 398.80%. The firm had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $8.46 billion. During the same period in the previous year, the firm posted ($3.30) EPS. The company’s revenue for the quarter was up 199.0% on a year-over-year basis.

DAL opened at $41.03 on Thursday. Delta Air Lines has a twelve month low of $28.74 and a twelve month high of $52.28. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 20.83. The company has a fifty day moving average of $41.13 and a 200-day moving average of $43.70. The stock has a market cap of $26.26 billion, a PE ratio of -3.91 and a beta of 1.41.

In related news, Director David S. Taylor purchased 5,000 shares of Delta Air Lines stock in a transaction on Tuesday, August 3rd. The stock was acquired at an average cost of $39.30 per share, for a total transaction of $196,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David S. Taylor purchased 3,000 shares of Delta Air Lines stock in a transaction on Monday, July 19th. The stock was bought at an average price of $38.25 per share, with a total value of $114,750.00. The disclosure for this purchase can be found here. Corporate insiders own 0.63% of the company’s stock.

Several equities research analysts have commented on DAL shares. Susquehanna cut their price target on shares of Delta Air Lines from $53.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, July 15th. Redburn Partners assumed coverage on shares of Delta Air Lines in a research note on Wednesday, August 11th. They set a “neutral” rating on the stock. Argus lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, September 23rd. Wolfe Research lowered shares of Delta Air Lines from an “outperform” rating to a “market perform” rating and set a $43.00 price objective on the stock. in a research note on Wednesday. Finally, Morgan Stanley lowered their price objective on shares of Delta Air Lines from $73.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $52.44.

Delta Air Lines Company Profile

Delta Air Lines, Inc engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products.

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Earnings History for Delta Air Lines (NYSE:DAL)

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