Delta Air Lines (DAL) Scheduled to Post Quarterly Earnings on Thursday

Delta Air Lines (NYSE:DAL) will be issuing its quarterly earnings data before the market opens on Thursday, October 10th. Analysts expect the company to announce earnings of $1.55 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 11th. The transportation company reported $2.36 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The business had revenue of $15.41 billion during the quarter, compared to analysts’ expectations of $15.45 billion. During the same quarter in the previous year, the business earned $2.68 EPS. Delta Air Lines’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, analysts expect Delta Air Lines to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Delta Air Lines Stock Down 3.1 %

Shares of NYSE:DAL opened at $48.42 on Thursday. Delta Air Lines has a 12-month low of $30.60 and a 12-month high of $53.86. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The stock’s 50-day moving average price is $43.17 and its 200-day moving average price is $46.66. The stock has a market capitalization of $31.25 billion, a P/E ratio of 6.97, a price-to-earnings-growth ratio of 0.90 and a beta of 1.34.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 1.24%. Delta Air Lines’s payout ratio is currently 8.63%.

Insiders Place Their Bets

In other news, Director Willie Cw Chiang purchased 10,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, July 12th. The stock was bought at an average price of $43.90 per share, with a total value of $439,000.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $878,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

DAL has been the topic of a number of recent analyst reports. Sanford C. Bernstein cut their price target on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a report on Friday, July 12th. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Jefferies Financial Group boosted their target price on Delta Air Lines from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, TD Cowen cut their price target on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $61.83.

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.