Brokerages Anticipate Delta Air Lines, Inc. (NYSE:DAL) Will Announce Earnings of $2.26 Per Share

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Wall Street analysts expect that Delta Air Lines, Inc. (NYSE:DAL) will report earnings of $2.26 per share for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Delta Air Lines’ earnings, with estimates ranging from $2.12 to $2.37. Delta Air Lines posted earnings of $1.80 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 25.6%. The business is expected to report its next quarterly earnings report on Thursday, October 10th.

On average, analysts expect that Delta Air Lines will report full year earnings of $7.05 per share for the current fiscal year, with EPS estimates ranging from $6.76 to $7.30. For the next financial year, analysts forecast that the business will report earnings of $7.37 per share, with EPS estimates ranging from $6.83 to $8.20. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Delta Air Lines.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.07. Delta Air Lines had a return on equity of 31.68% and a net margin of 9.85%. The company had revenue of $12.54 billion for the quarter, compared to the consensus estimate of $12.49 billion. During the same quarter in the previous year, the business earned $1.77 EPS. Delta Air Lines’s revenue was up 6.5% compared to the same quarter last year.

DAL has been the topic of a number of research analyst reports. Raymond James boosted their price target on Delta Air Lines from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Cowen restated an “outperform” rating and set a $69.00 price target (up previously from $67.00) on shares of Delta Air Lines in a report on Thursday, July 11th. Stephens restated an “overweight” rating and set a $70.00 price target on shares of Delta Air Lines in a report on Wednesday, July 3rd. ValuEngine downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research restated a “sell” rating on shares of Delta Air Lines in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $67.56.

In related news, President Glen W. Hauenstein sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $63.03, for a total value of $3,151,500.00. Following the sale, the president now owns 267,526 shares in the company, valued at approximately $16,862,163.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rahul D. Samant sold 16,559 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $61.87, for a total value of $1,024,505.33. Following the completion of the sale, the executive vice president now owns 51,039 shares in the company, valued at approximately $3,157,782.93. The disclosure for this sale can be found here. Insiders have sold a total of 93,288 shares of company stock worth $5,753,311 in the last quarter. Company insiders own 0.47% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. Comerica Securities Inc. bought a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $200,000. Dimensional Fund Advisors LP raised its stake in shares of Delta Air Lines by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,801,924 shares of the transportation company’s stock worth $389,356,000 after purchasing an additional 50,255 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Delta Air Lines by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 7,757,127 shares of the transportation company’s stock worth $386,658,000 after purchasing an additional 532,550 shares in the last quarter. First Manhattan Co. raised its stake in shares of Delta Air Lines by 39.7% during the 1st quarter. First Manhattan Co. now owns 838 shares of the transportation company’s stock worth $43,000 after purchasing an additional 238 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Delta Air Lines during the 1st quarter worth approximately $230,000. Institutional investors own 87.34% of the company’s stock.

NYSE:DAL traded up $0.93 during mid-day trading on Friday, reaching $58.04. 4,112,600 shares of the company’s stock traded hands, compared to its average volume of 5,749,093. Delta Air Lines has a 12-month low of $45.08 and a 12-month high of $63.44. The firm has a market capitalization of $37.13 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 0.45 and a beta of 1.18. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.34 and a quick ratio of 0.29. The company has a 50 day moving average price of $60.10 and a 200-day moving average price of $55.36.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th were issued a dividend of $0.4025 per share. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Wednesday, July 24th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 2.77%. Delta Air Lines’s dividend payout ratio is 28.50%.

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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

Further Reading: What is the Ex-Dividend Date in Investing?

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

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