Delta Air Lines (NYSE:DAL) Releases Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Delta Air Lines (NYSE:DAL) released its quarterly earnings results on Wednesday. The transportation company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.15, MarketWatch Earnings reports. Delta Air Lines had a negative return on equity of 398.80% and a negative net margin of 36.37%. The business had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $8.46 billion. During the same quarter in the previous year, the firm posted ($3.30) earnings per share. The company’s revenue was up 199.0% compared to the same quarter last year.

NYSE DAL opened at $41.03 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 20.83. The company has a market capitalization of $26.26 billion, a PE ratio of -3.91 and a beta of 1.41. Delta Air Lines has a 1-year low of $28.74 and a 1-year high of $52.28. The firm’s fifty day simple moving average is $41.13 and its 200-day simple moving average is $43.70.

In other Delta Air Lines news, Director David S. Taylor purchased 5,000 shares of the stock in a transaction dated Tuesday, August 3rd. The shares were bought at an average cost of $39.30 per share, with a total value of $196,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David S. Taylor purchased 3,000 shares of the stock in a transaction dated Monday, July 19th. The stock was acquired at an average cost of $38.25 per share, for a total transaction of $114,750.00. The disclosure for this purchase can be found here. Corporate insiders own 0.63% of the company’s stock.

Several analysts have issued reports on DAL shares. Raymond James upgraded Delta Air Lines from a “market perform” rating to a “strong-buy” rating and set a $58.00 price objective on the stock in a research note on Thursday, July 15th. Redburn Partners started coverage on Delta Air Lines in a research note on Wednesday, August 11th. They set a “neutral” rating on the stock. Wolfe Research lowered Delta Air Lines from an “outperform” rating to a “market perform” rating and set a $43.00 price objective for the company. in a report on Wednesday. Morgan Stanley decreased their price objective on Delta Air Lines from $73.00 to $67.00 and set an “overweight” rating for the company in a report on Tuesday, September 14th. Finally, Susquehanna decreased their price objective on Delta Air Lines from $53.00 to $45.00 and set a “neutral” rating for the company in a report on Thursday, July 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and an average price target of $52.44.

About Delta Air Lines

Delta Air Lines, Inc engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products.

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Earnings History for Delta Air Lines (NYSE:DAL)

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