Delta Air Lines (DAL) Releases FY18 Earnings Guidance

Delta Air Lines (NYSE:DAL) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $6.35-6.70 for the period, compared to the Thomson Reuters consensus estimate of $5.92. Delta Air Lines also updated its Q1 guidance to $0.60-0.80 EPS.

Several brokerages have weighed in on DAL. Stephens set a $67.00 target price on shares of Delta Air Lines and gave the company a buy rating in a research note on Monday, December 18th. Sanford C. Bernstein set a $67.00 target price on shares of Delta Air Lines and gave the company a buy rating in a research note on Wednesday. Vetr upgraded shares of Delta Air Lines from a strong sell rating to a sell rating and set a $49.97 target price for the company in a research note on Wednesday, January 3rd. Cowen raised their target price on shares of Delta Air Lines from $62.00 to $66.00 and gave the company an outperform rating in a research note on Friday, December 15th. Finally, Stifel Nicolaus restated a buy rating and issued a $85.00 target price (up from $75.00) on shares of Delta Air Lines in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $65.41.

Delta Air Lines (NYSE DAL) traded up $0.53 during trading hours on Thursday, hitting $56.39. 4,396,416 shares of the stock traded hands, compared to its average volume of 8,740,985. Delta Air Lines has a 1-year low of $43.81 and a 1-year high of $56.84. The company has a quick ratio of 0.36, a current ratio of 0.43 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $40,820.00, a P/E ratio of 11.30, a P/E/G ratio of 1.79 and a beta of 1.30.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Wednesday, January 10th. The transportation company reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. research analysts forecast that Delta Air Lines will post 4.89 earnings per share for the current fiscal year.

In related news, EVP Joanne D. Smith sold 33,863 shares of the business’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $53.61, for a total transaction of $1,815,395.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward H. Bastian sold 73,211 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $56.04, for a total transaction of $4,102,744.44. Following the transaction, the chief executive officer now owns 338,719 shares of the company’s stock, valued at $18,981,812.76. The disclosure for this sale can be found here. Insiders have sold 283,060 shares of company stock valued at $15,612,588 over the last quarter. Insiders own 0.37% of the company’s stock.

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Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

Earnings History and Estimates for Delta Air Lines (NYSE:DAL)

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