FY2017 EPS Estimates for Delta Air Lines, Inc. (DAL) Decreased by Imperial Capital

Delta Air Lines, Inc. (NYSE:DAL) – Investment analysts at Imperial Capital dropped their FY2017 earnings estimates for Delta Air Lines in a research note issued to investors on Tuesday, Zacks Investment Research reports. Imperial Capital analyst M. Derchin now expects that the transportation company will post earnings of $4.86 per share for the year, down from their prior forecast of $4.92. Imperial Capital has a “Outperform” rating and a $65.00 price objective on the stock. Imperial Capital also issued estimates for Delta Air Lines’ Q4 2017 earnings at $0.89 EPS.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company posted $0.82 EPS.

Several other brokerages also recently commented on DAL. JPMorgan Chase & Co. restated an “overweight” rating and set a $63.00 target price (down from $67.00) on shares of Delta Air Lines in a report on Wednesday, September 27th. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Cowen raised their target price on shares of Delta Air Lines from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, October 12th. Sanford C. Bernstein set a $67.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Wednesday, January 10th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 price objective (down from $80.00) on shares of Delta Air Lines in a report on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $65.53.

Shares of Delta Air Lines (NYSE DAL) opened at $59.72 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.42. The company has a market cap of $42,580.00, a P/E ratio of 12.09 and a beta of 1.30. Delta Air Lines has a fifty-two week low of $43.81 and a fifty-two week high of $60.79.

Several large investors have recently added to or reduced their stakes in DAL. Mountain Capital Investment Advisors Inc bought a new position in Delta Air Lines during the second quarter worth $114,000. BB&T Investment Services Inc. bought a new position in Delta Air Lines during the second quarter worth $128,000. Advisory Services Network LLC boosted its position in Delta Air Lines by 3.0% during the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after purchasing an additional 75 shares during the period. IHT Wealth Management LLC boosted its position in Delta Air Lines by 40.9% during the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after purchasing an additional 220 shares during the period. Finally, Blue Granite Capital LLC bought a new position in Delta Air Lines during the third quarter worth $162,000. 85.07% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Edward H. Bastian sold 73,211 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $56.04, for a total value of $4,102,744.44. Following the completion of the transaction, the chief executive officer now directly owns 338,719 shares of the company’s stock, valued at $18,981,812.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Steven M. Sear sold 10,783 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $56.05, for a total transaction of $604,387.15. The disclosure for this sale can be found here. Insiders sold 249,197 shares of company stock worth $13,797,192 over the last quarter. 0.37% of the stock is owned by corporate insiders.

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Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Earnings History and Estimates for Delta Air Lines (NYSE:DAL)

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