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.
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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