Delta Air Lines, Inc. to Post Q2 2019 Earnings of $2.25 Per Share, Imperial Capital Forecasts (NYSE:DAL)

Delta Air Lines, Inc. (NYSE:DAL) – Analysts at Imperial Capital upped their Q2 2019 EPS estimates for shares of Delta Air Lines in a research note issued to investors on Wednesday, July 10th. Imperial Capital analyst M. Derchin now anticipates that the transportation company will post earnings per share of $2.25 for the quarter, up from their prior forecast of $2.18. Imperial Capital has a “In-Line” rating and a $63.00 price target on the stock. Imperial Capital also issued estimates for Delta Air Lines’ Q4 2019 earnings at $1.56 EPS, FY2019 earnings at $6.95 EPS and FY2020 earnings at $7.40 EPS.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, July 11th. The transportation company reported $2.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.07. Delta Air Lines had a net margin of 9.85% and a return on equity of 31.68%. The company had revenue of $12.54 billion for the quarter, compared to analysts’ expectations of $12.49 billion. During the same period last year, the firm earned $1.77 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis.

Several other research analysts have also recently commented on DAL. Cowen reaffirmed an “outperform” rating and set a $69.00 target price (up from $67.00) on shares of Delta Air Lines in a report on Thursday. Zacks Investment Research raised shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Friday, May 31st. Raymond James reissued a “hold” rating and issued a $19.50 price objective on shares of in a research note on Friday. Bank of America set a $152.00 price objective on shares of Caterpillar and gave the company a “buy” rating in a research note on Thursday, April 4th. Finally, Citigroup lifted their price objective on shares of Vistra Energy from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $67.18.

Shares of DAL opened at $61.65 on Friday. Delta Air Lines has a 12 month low of $45.08 and a 12 month high of $62.24. The stock’s 50 day simple moving average is $56.03. The company has a market capitalization of $39.40 billion, a PE ratio of 10.91, a PEG ratio of 0.48 and a beta of 1.18. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.34 and a quick ratio of 0.29.

The business 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 represents a $1.61 dividend on an annualized basis and a yield of 2.61%. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.35. Delta Air Lines’s dividend payout ratio (DPR) is currently 24.78%.

In other Delta Air Lines news, CEO Edward H. Bastian sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $57.50, for a total value of $1,725,000.00. Following the sale, the chief executive officer now owns 354,191 shares in the company, valued at $20,365,982.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven M. Sear sold 8,993 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $53.27, for a total transaction of $479,057.11. Following the completion of the sale, the insider now owns 76,150 shares in the company, valued at approximately $4,056,510.50. The disclosure for this sale can be found here. Insiders sold 65,003 shares of company stock worth $3,709,180 in the last 90 days. Company insiders own 0.47% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Xact Kapitalforvaltning AB lifted its holdings in shares of Delta Air Lines by 94.6% during the second quarter. Xact Kapitalforvaltning AB now owns 100,590 shares of the transportation company’s stock worth $5,708,000 after purchasing an additional 48,903 shares during the period. Addison Capital Co acquired a new position in shares of Delta Air Lines during the second quarter worth $507,000. Rothschild Investment Corp IL acquired a new position in shares of Delta Air Lines during the second quarter worth $403,000. AMF Pensionsforsakring AB lifted its holdings in shares of Delta Air Lines by 3.8% during the second quarter. AMF Pensionsforsakring AB now owns 353,369 shares of the transportation company’s stock worth $20,054,000 after purchasing an additional 13,065 shares during the period. Finally, Harbour Capital Advisors LLC lifted its holdings in shares of Delta Air Lines by 3.3% during the second quarter. Harbour Capital Advisors LLC now owns 30,748 shares of the transportation company’s stock worth $1,745,000 after purchasing an additional 990 shares during the period. Hedge funds and other institutional investors own 87.21% 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 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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Earnings History and Estimates for Delta Air Lines (NYSE:DAL)

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