Delta Air Lines, Inc. (NYSE:DAL) – Stock analysts at Imperial Capital lowered their Q1 2018 earnings estimates for Delta Air Lines in a research report issued on Thursday. Imperial Capital analyst M. Derchin now forecasts that the transportation company will post earnings of $0.70 per share for the quarter, down from their prior forecast of $0.80. Imperial Capital has a “Outperform” rating and a $65.00 price objective on the stock. Imperial Capital also issued estimates for Delta Air Lines’ Q2 2018 earnings at $2.00 EPS.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.08. Delta Air Lines had a return on equity of 26.27% and a net margin of 8.67%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the business posted $0.82 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year.
Shares of Delta Air Lines (NYSE DAL) opened at $56.69 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.42 and a quick ratio of 0.35. Delta Air Lines has a 12-month low of $43.81 and a 12-month high of $60.79. The stock has a market capitalization of $39,827.49, a price-to-earnings ratio of 11.48, a P/E/G ratio of 0.77 and a beta of 1.16.
Several large investors have recently made changes to their positions in DAL. Victory Capital Management Inc. grew its stake in shares of Delta Air Lines by 15.6% in the third quarter. Victory Capital Management Inc. now owns 42,951 shares of the transportation company’s stock worth $2,071,000 after purchasing an additional 5,791 shares during the last quarter. Swiss National Bank grew its stake in shares of Delta Air Lines by 1.7% in the third quarter. Swiss National Bank now owns 676,907 shares of the transportation company’s stock worth $32,640,000 after purchasing an additional 11,300 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Delta Air Lines by 148.9% in the third quarter. Bessemer Group Inc. now owns 6,329 shares of the transportation company’s stock worth $306,000 after purchasing an additional 3,786 shares during the last quarter. FDx Advisors Inc. grew its stake in shares of Delta Air Lines by 8.9% in the third quarter. FDx Advisors Inc. now owns 19,080 shares of the transportation company’s stock worth $920,000 after purchasing an additional 1,555 shares during the last quarter. Finally, Sigma Planning Corp grew its stake in shares of Delta Air Lines by 13.9% in the third quarter. Sigma Planning Corp now owns 16,088 shares of the transportation company’s stock worth $776,000 after purchasing an additional 1,964 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Steven M. Sear sold 10,783 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $56.05, for a total transaction of $604,387.15. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO W Gilbert West sold 9,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $56.06, for a total value of $504,540.00. Following the transaction, the chief operating officer now directly owns 61,872 shares in the company, valued at $3,468,544.32. The disclosure for this sale can be found here. Insiders have sold 249,138 shares of company stock worth $14,375,643 in the last 90 days. Company insiders own 0.37% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, February 23rd were given a dividend of $0.305 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.22 dividend on an annualized basis and a yield of 2.15%. Delta Air Lines’s payout ratio is 24.70%.
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About Delta Air Lines
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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