Delta Air Lines (DAL) to Release Quarterly Earnings on Thursday

Delta Air Lines (NYSE:DAL) is set to post its quarterly earnings results before the market opens on Thursday, July 11th. Analysts expect Delta Air Lines to post earnings of $2.39 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. Delta Air Lines’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 earnings per share. On average, analysts expect Delta Air Lines to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Delta Air Lines Trading Up 1.2 %

Delta Air Lines stock opened at $46.89 on Wednesday. The firm has a 50 day simple moving average of $50.25 and a 200-day simple moving average of $45.47. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. The stock has a market capitalization of $30.26 billion, a PE ratio of 6.03, a price-to-earnings-growth ratio of 0.68 and a beta of 1.35. Delta Air Lines has a 12-month low of $30.60 and a 12-month high of $53.86.

Delta Air Lines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Tuesday, July 30th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, July 30th. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a dividend yield of 1.28%. Delta Air Lines’s dividend payout ratio (DPR) is 5.14%.

Insider Buying and Selling

In related news, President Glen W. Hauenstein sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $49.05, for a total value of $4,905,000.00. Following the completion of the transaction, the president now owns 217,584 shares of the company’s stock, valued at approximately $10,672,495.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Delta Air Lines news, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $49.05, for a total value of $4,905,000.00. Following the completion of the sale, the president now owns 217,584 shares in the company, valued at approximately $10,672,495.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joanne D. Smith sold 4,846 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $52.30, for a total transaction of $253,445.80. Following the completion of the sale, the executive vice president now owns 112,421 shares of the company’s stock, valued at approximately $5,879,618.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 178,919 shares of company stock valued at $8,834,653. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Susquehanna increased their price objective on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. HSBC started coverage on shares of Delta Air Lines in a report on Monday, May 13th. They issued a “buy” rating and a $72.80 price objective for the company. Jefferies Financial Group reduced their target price on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a report on Friday, June 28th. Finally, Morgan Stanley restated an “overweight” rating and set a $85.00 target price on shares of Delta Air Lines in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $60.30.

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.