Delta Air Lines (DAL) Scheduled to Post Earnings on Thursday

Delta Air Lines (NYSE:DAL) will release its earnings data before the market opens on Thursday, October 10th. Analysts expect Delta Air Lines to post earnings of $1.55 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.01). The firm had revenue of $15.41 billion during the quarter, compared to the consensus estimate of $15.45 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.68 EPS. On average, analysts expect Delta Air Lines to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Delta Air Lines Price Performance

DAL stock opened at $50.64 on Wednesday. The company has a market capitalization of $32.68 billion, a P/E ratio of 7.29, a price-to-earnings-growth ratio of 0.90 and a beta of 1.35. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. Delta Air Lines has a 52-week low of $30.60 and a 52-week high of $53.86. The business has a 50-day simple moving average of $43.48 and a two-hundred day simple moving average of $46.76.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Thursday, October 10th. Delta Air Lines’s payout ratio is currently 8.63%.

Insider Buying and Selling at Delta Air Lines

In other news, Director Willie Cw Chiang bought 10,000 shares of Delta Air Lines stock in a transaction on Friday, July 12th. The stock was acquired at an average price of $43.90 per share, with a total value of $439,000.00. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at $878,000. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DAL. Sanford C. Bernstein lifted their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday. BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. TD Cowen dropped their target price on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, Jefferies Financial Group increased their price objective on shares of Delta Air Lines from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and an average target price of $63.89.

About Delta Air Lines

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, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.