Delta Air Lines (NYSE:DAL) Releases Earnings Results, Beats Estimates By $0.11 EPS

Delta Air Lines (NYSE:DAL) posted its quarterly earnings data on Friday. The transportation company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11, RTT News reports. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The company had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same period in the previous year, the business posted $1.28 earnings per share. Delta Air Lines’s quarterly revenue was up 9.4% on a year-over-year basis.

Delta Air Lines Stock Up 0.6 %

Delta Air Lines stock opened at $61.52 on Friday. Delta Air Lines has a fifty-two week low of $36.34 and a fifty-two week high of $67.50. The firm has a market capitalization of $39.70 billion, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35. The stock’s fifty day moving average is $62.10 and its two-hundred day moving average is $51.73. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Alain Bellemare sold 19,490 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $55.26, for a total value of $1,077,017.40. Following the completion of the sale, the executive vice president now owns 121,961 shares in the company, valued at $6,739,564.86. This represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 136,809 shares of company stock valued at $7,871,765 in the last 90 days. 0.96% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DAL has been the subject of a number of recent research reports. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Barclays boosted their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Susquehanna raised their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday. Finally, Jefferies Financial Group boosted their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $77.06.

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 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.