Delta Air Lines (NYSE:DAL) Releases Earnings Results, Misses Expectations By $0.82 EPS


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Delta Air Lines (NYSE:DAL) released its earnings results on Wednesday. The transportation company reported ($3.55) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($2.73) by ($0.82), MarketWatch Earnings reports. Delta Air Lines had a negative net margin of 42.88% and a negative return on equity of 39.69%. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the company earned ($0.51) EPS. Delta Air Lines’s revenue for the quarter was down 60.4% on a year-over-year basis.

NYSE DAL traded down $0.18 during mid-day trading on Friday, reaching $46.64. 242,862 shares of the stock were exchanged, compared to its average volume of 13,466,719. Delta Air Lines has a one year low of $17.51 and a one year high of $52.28. The stock has a 50 day simple moving average of $48.48 and a 200-day simple moving average of $40.67. The stock has a market cap of $29.76 billion, a P/E ratio of -2.40 and a beta of 1.45. The company has a debt-to-equity ratio of 8.88, a current ratio of 1.27 and a quick ratio of 1.23.

In related news, President Glen W. Hauenstein sold 60,586 shares of Delta Air Lines stock in a transaction on Friday, February 12th. The shares were sold at an average price of $43.46, for a total transaction of $2,633,067.56. 0.63% of the stock is owned by company insiders.

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group lifted their target price on Delta Air Lines from $35.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 16th. Evercore ISI lifted their target price on Delta Air Lines from $51.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, January 15th. Vertical Research raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Friday, January 15th. Zacks Investment Research raised Delta Air Lines from a “sell” rating to a “hold” rating and set a $45.00 price objective on the stock in a report on Wednesday, February 10th. Finally, Argus raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Wednesday, January 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $47.70.

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 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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