Delta Air Lines (NYSE:DAL) Announces Earnings Results


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Delta Air Lines (NYSE:DAL) announced its earnings results on Wednesday. The transportation company reported ($2.53) earnings per share for the quarter, missing the consensus estimate of ($2.50) by ($0.03), MarketWatch Earnings reports. The business had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.59 billion. Delta Air Lines had a negative return on equity of 39.69% and a negative net margin of 42.88%. Delta Air Lines’s quarterly revenue was down 65.3% on a year-over-year basis. During the same quarter last year, the company posted $1.70 EPS.

Shares of Delta Air Lines stock traded down $1.22 on Friday, hitting $40.25. The company’s stock had a trading volume of 781,968 shares, compared to its average volume of 12,098,233. The company has a market capitalization of $25.67 billion, a P/E ratio of -2.46 and a beta of 1.45. Delta Air Lines has a 52-week low of $17.51 and a 52-week high of $62.48. The firm has a fifty day moving average price of $40.71 and a 200-day moving average price of $33.11. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 8.88.

A number of analysts have weighed in on the company. Zacks Investment Research raised Delta Air Lines from a “sell” rating to a “hold” rating and set a $45.00 price objective for the company in a research report on Tuesday, December 8th. Cowen lowered shares of Delta Air Lines from an “outperform” rating to a “market perform” rating and set a $44.00 price objective on the stock. in a research report on Monday. Wolfe Research cut shares of Delta Air Lines from a “peer perform” rating to an “underperform” rating in a research note on Friday, December 4th. Vertical Research upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Friday. Finally, Barclays boosted their price target on shares of Delta Air Lines from $26.00 to $30.00 in a research note on Friday, September 18th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $46.83.

In related news, EVP Joanne D. Smith sold 13,532 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $36.81, for a total value of $498,112.92. Following the sale, the executive vice president now owns 102,471 shares of the company’s stock, valued at approximately $3,771,957.51. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Glen W. Hauenstein sold 51,955 shares of the stock in a transaction on Monday, November 9th. The shares were sold at an average price of $36.90, for a total value of $1,917,139.50. Following the sale, the president now owns 264,393 shares in the company, valued at approximately $9,756,101.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 255,487 shares of company stock worth $9,077,952. 0.63% of the stock is owned by corporate insiders.

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, London-Heathrow, Mexico City, Paris-Charles de Gaulle, and Seoul-Incheon.

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Earnings History for Delta Air Lines (NYSE:DAL)

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