Delta Air Lines (NYSE:DAL) Releases Q4 2019 Earnings Guidance

Delta Air Lines (NYSE:DAL) issued an update on its fourth quarter 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.20-1.50 for the period, compared to the Thomson Reuters consensus estimate of $1.51. The company issued revenue guidance of $11.279 billion, compared to the consensus revenue estimate of $11.29 billion.

Shares of DAL opened at $53.92 on Thursday. Delta Air Lines has a twelve month low of $45.08 and a twelve month high of $63.44. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 0.95. The company has a 50 day moving average of $57.34 and a 200-day moving average of $57.13. The stock has a market capitalization of $34.69 billion, a P/E ratio of 9.54, a P/E/G ratio of 0.48 and a beta of 1.16.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, October 10th. The transportation company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.06. Delta Air Lines had a net margin of 9.85% and a return on equity of 31.68%. The business had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $12.61 billion. During the same period last year, the business earned $1.80 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts anticipate that Delta Air Lines will post 7.07 earnings per share for the current fiscal year.

A number of equities analysts have commented on the stock. Berenberg Bank began coverage on shares of Delta Air Lines in a research report on Friday, September 6th. They set a buy rating and a $72.00 price objective for the company. Stephens set a $75.00 target price on Delta Air Lines and gave the stock a buy rating in a report on Monday, September 30th. Imperial Capital lifted their target price on Delta Air Lines from $61.00 to $63.00 and gave the stock an in-line rating in a report on Wednesday, July 10th. Buckingham Research downgraded Delta Air Lines from a buy rating to a neutral rating and dropped their target price for the stock from $74.00 to $58.00 in a report on Thursday, October 3rd. Finally, Wolfe Research set a $69.00 target price on Delta Air Lines and gave the stock a buy rating in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $67.13.

In related news, SVP William C. Carroll sold 6,384 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $61.96, for a total value of $395,552.64. Following the sale, the senior vice president now directly owns 23,010 shares in the company, valued at $1,425,699.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rahul D. Samant sold 16,559 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were 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 $3,157,782.93. The disclosure for this sale can be found here. Insiders sold 83,285 shares of company stock worth $5,219,381 over the last quarter. 0.47% of the stock is currently 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 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.

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

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