Imperial Capital Equities Analysts Lower Earnings Estimates for Delta Air Lines, Inc. (DAL)

Delta Air Lines, Inc. (NYSE:DAL) – Equities research analysts at Imperial Capital dropped their Q2 2019 earnings per share estimates for shares of Delta Air Lines in a research report issued on Thursday, April 11th. Imperial Capital analyst M. Derchin now anticipates that the transportation company will post earnings per share of $2.18 for the quarter, down from their prior forecast of $2.29. Imperial Capital has a “In-Line” rating and a $58.00 price objective on the stock. Imperial Capital also issued estimates for Delta Air Lines’ Q4 2019 earnings at $1.49 EPS, FY2019 earnings at $6.70 EPS and FY2020 earnings at $7.25 EPS.

Several other analysts have also recently weighed in on DAL. Zacks Investment Research cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Citigroup raised their target price on shares of Delta Air Lines from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Credit Suisse Group raised their target price on shares of Delta Air Lines from $37.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Raymond James raised their target price on shares of Delta Air Lines from $60.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Finally, Stephens set a $63.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a report on Tuesday, April 2nd. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $66.21.

Shares of NYSE:DAL opened at $58.11 on Monday. The company has a market capitalization of $37.63 billion, a P/E ratio of 10.28, a PEG ratio of 0.70 and a beta of 1.08. Delta Air Lines has a fifty-two week low of $45.08 and a fifty-two week high of $61.32. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.29 and a current ratio of 0.34.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, April 10th. The transportation company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.06. The firm had revenue of $10.47 billion for the quarter, compared to analysts’ expectations of $10.39 billion. Delta Air Lines had a net margin of 9.09% and a return on equity of 30.10%. During the same quarter last year, the company earned $0.74 earnings per share.

Several institutional investors have recently made changes to their positions in the company. Pineno Levin & Ford Asset Management Inc. increased its holdings in shares of Delta Air Lines by 0.4% in the 1st quarter. Pineno Levin & Ford Asset Management Inc. now owns 52,643 shares of the transportation company’s stock valued at $2,719,000 after acquiring an additional 190 shares during the period. Capital Investment Advisors LLC increased its holdings in shares of Delta Air Lines by 3.8% in the 4th quarter. Capital Investment Advisors LLC now owns 6,340 shares of the transportation company’s stock valued at $316,000 after acquiring an additional 231 shares during the period. First Manhattan Co. increased its holdings in shares of Delta Air Lines by 39.7% in the 1st quarter. First Manhattan Co. now owns 838 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 238 shares during the period. First Heartland Consultants Inc. increased its holdings in shares of Delta Air Lines by 1.7% in the 4th quarter. First Heartland Consultants Inc. now owns 16,428 shares of the transportation company’s stock valued at $820,000 after acquiring an additional 272 shares during the period. Finally, Washington Trust Bank increased its holdings in shares of Delta Air Lines by 141.3% in the 1st quarter. Washington Trust Bank now owns 485 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 284 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

In other Delta Air Lines news, EVP Rahul D. Samant sold 13,436 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $51.16, for a total transaction of $687,385.76. Following the sale, the executive vice president now owns 67,598 shares of the company’s stock, valued at $3,458,313.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Berkshire Hathaway Inc acquired 2,345,077 shares of the business’s stock in a transaction on Friday, March 8th. The shares were bought at an average cost of $49.37 per share, for a total transaction of $115,776,451.49. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 3,559,723 shares of company stock worth $176,077,837 and have sold 111,901 shares worth $6,010,888. 0.33% of the stock is currently owned by company insiders.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.41%. Delta Air Lines’s payout ratio is currently 24.78%.

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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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