Delta Air Lines (NYSE:DAL) issued its quarterly earnings results on Wednesday. The transportation company reported ($2.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.50) by ($0.03), MarketWatch Earnings reports. Delta Air Lines had a negative return on equity of 39.69% and a negative net margin of 42.88%. The business had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the business posted $1.70 earnings per share. The firm’s quarterly revenue was down 65.3% on a year-over-year basis.
Shares of DAL stock traded down $1.45 during trading hours on Friday, hitting $40.02. 988,216 shares of the company were exchanged, compared to its average volume of 12,098,233. The company has a debt-to-equity ratio of 8.88, a quick ratio of 1.23 and a current ratio of 1.27. The stock has a market capitalization of $25.52 billion, a price-to-earnings ratio of -2.46 and a beta of 1.45. Delta Air Lines has a one year low of $17.51 and a one year high of $62.48. The business’s 50-day simple moving average is $40.71 and its two-hundred day simple moving average is $33.11.
In other news, CEO Edward H. Bastian sold 65,000 shares of Delta Air Lines stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $33.58, for a total value of $2,182,700.00. Following the completion of the transaction, the chief executive officer now directly owns 341,060 shares of the company’s stock, valued at approximately $11,452,794.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joanne D. Smith sold 13,532 shares of the stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $36.81, for a total transaction of $498,112.92. Following the sale, the executive vice president now owns 102,471 shares in the company, valued at approximately $3,771,957.51. The disclosure for this sale can be found here. Over the last three months, insiders sold 255,487 shares of company stock valued at $9,077,952. 0.63% of the stock is owned by corporate insiders.
Delta Air Lines Company Profile
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, London-Heathrow, Mexico City, Paris-Charles de Gaulle, and Seoul-Incheon.
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