Delta Air Lines (NYSE:DAL) announced its quarterly earnings results on Thursday. The transportation company reported ($2.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.50) by ($0.03), MarketWatch Earnings reports. Delta Air Lines had a negative return on equity of 39.69% and a negative net margin of 42.88%. The business had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same period last year, the company posted $1.70 earnings per share. The firm’s revenue for the quarter was down 65.3% on a year-over-year basis. Delta Air Lines updated its Q1 2021
Pre-Market guidance to EPS.
Shares of Delta Air Lines stock opened at $41.47 on Friday. The firm has a market cap of $26.45 billion, a PE ratio of -2.50 and a beta of 1.45. Delta Air Lines has a 1 year low of $17.51 and a 1 year high of $62.48. The firm’s 50-day simple moving average is $40.71 and its 200-day simple moving average is $33.11. The company has a debt-to-equity ratio of 8.88, a quick ratio of 1.23 and a current ratio of 1.27.
In related news, CFO Paul A. Jacobson sold 125,000 shares of the stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $35.84, for a total transaction of $4,480,000.00. Following the sale, the chief financial officer now owns 303,478 shares in the company, valued at $10,876,651.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 65,000 shares of the stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $33.58, for a total transaction of $2,182,700.00. Following the sale, the chief executive officer now owns 341,060 shares in the company, valued at approximately $11,452,794.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 255,487 shares of company stock worth $9,077,952. 0.63% of the stock is owned by company insiders.
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, London-Heathrow, Mexico City, Paris-Charles de Gaulle, and Seoul-Incheon.
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