Delta Air Lines (NYSE:DAL) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $6.75-7.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.90. Delta Air Lines also updated its FY19 guidance to $6.75-7.25 EPS.
Several analysts have recently commented on the stock. Imperial Capital reduced their price target on shares of Montage Resources from $9.00 to $6.00 and set an inline rating on the stock in a research report on Wednesday. Raymond James lifted their price target on shares of Delta Air Lines from $60.00 to $68.00 and gave the company an outperform rating in a research report on Thursday, April 11th. Buckingham Research lifted their price target on shares of Delta Air Lines from $62.00 to $71.00 and gave the company a buy rating in a research report on Wednesday, April 3rd. Stephens reaffirmed an overweight rating and set a $70.00 price target on shares of Delta Air Lines in a research report on Wednesday, July 3rd. Finally, Zacks Investment Research raised shares of GCP Applied Technologies from a sell rating to a hold rating in a research report on Friday, May 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Delta Air Lines currently has an average rating of Buy and an average price target of $65.98.
Shares of NYSE DAL opened at $60.16 on Friday. The stock has a market capitalization of $38.95 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 0.62 and a beta of 1.18. The company has a current ratio of 0.34, a quick ratio of 0.29 and a debt-to-equity ratio of 1.05. Delta Air Lines has a 52-week low of $45.08 and a 52-week high of $61.32. The firm has a 50 day moving average price of $55.87.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, July 11th. The transportation company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.07. The company had revenue of $12.54 billion for the quarter, compared to analyst estimates of $12.49 billion. Delta Air Lines had a return on equity of 30.10% and a net margin of 9.09%. 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 company earned $1.77 earnings per share. On average, analysts predict that Delta Air Lines will post 6.93 EPS for the current fiscal year.
The company also recently announced 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 dividend on an annualized basis and a yield of 2.68%. Delta Air Lines’s payout ratio is presently 24.78%.
In other Delta Air Lines news, insider Steven M. Sear sold 8,993 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $53.27, for a total value of $479,057.11. Following the completion of the transaction, the insider now owns 76,150 shares in the company, valued at $4,056,510.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Edward H. Bastian sold 30,000 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $57.50, for a total transaction of $1,725,000.00. Following the completion of the transaction, the chief executive officer now owns 354,191 shares of the company’s stock, valued at approximately $20,365,982.50. The disclosure for this sale can be found here. In the last three months, insiders sold 65,003 shares of company stock worth $3,709,180. 0.47% of the stock is owned by corporate 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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