Delta Air Lines (DAL) to Release Earnings on Wednesday

Delta Air Lines (NYSE:DAL) is expected to be announcing its earnings results before the market opens on Wednesday, April 9th. Analysts expect the company to announce earnings of $0.84 per share and revenue of $13.85 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter last year, the business earned $1.28 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, analysts expect Delta Air Lines to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Delta Air Lines Trading Down 2.8 %

Shares of DAL opened at $42.38 on Wednesday. Delta Air Lines has a twelve month low of $37.29 and a twelve month high of $69.98. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $27.40 billion, a P/E ratio of 7.95, a PEG ratio of 0.75 and a beta of 1.34. The firm’s 50-day moving average is $57.98 and its two-hundred day moving average is $58.36.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s dividend payout ratio is currently 11.26%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Barclays decreased their target price on Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Jefferies Financial Group reiterated a “hold” rating and issued a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a research report on Tuesday. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Susquehanna lifted their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. Finally, TD Cowen increased their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.29.

Insider Activity

In other Delta Air Lines news, SVP William C. Carroll sold 6,783 shares of Delta Air Lines stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.94, for a total value of $447,271.02. Following the completion of the sale, the senior vice president now owns 10,016 shares in the company, valued at $660,455.04. The trade was a 40.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the transaction, the executive vice president now owns 52,789 shares in the company, valued at approximately $3,425,478.21. The trade was a 41.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock valued at $11,116,463 over the last quarter. Company insiders own 0.96% of the company’s stock.

Institutional Trading of Delta Air Lines

An institutional investor recently raised its position in Delta Air Lines stock. Brighton Jones LLC raised its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 33.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,174 shares of the transportation company’s stock after acquiring an additional 2,302 shares during the period. Brighton Jones LLC’s holdings in Delta Air Lines were worth $555,000 at the end of the most recent reporting period. Institutional investors own 69.93% 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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.