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.
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.
Featured Story: Is it Safe to Invest in Commodities?
Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.