Delta Air Lines (NYSE:DAL) Announces Quarterly Earnings Results

Delta Air Lines (NYSE:DAL) issued its earnings results on Tuesday. The transportation company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.15, MarketWatch Earnings reports. The business had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $8.46 billion. Delta Air Lines had a negative return on equity of 398.80% and a negative net margin of 36.37%. The business’s revenue for the quarter was up 199.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($3.30) EPS.

Shares of NYSE:DAL traded up $0.17 during trading on Thursday, reaching $41.20. The company had a trading volume of 666,300 shares, compared to its average volume of 12,204,188. Delta Air Lines has a twelve month low of $28.74 and a twelve month high of $52.28. The firm has a market capitalization of $26.36 billion, a PE ratio of -3.92 and a beta of 1.41. The firm’s fifty day moving average is $41.13 and its 200 day moving average is $43.70. The company has a debt-to-equity ratio of 20.83, a quick ratio of 0.82 and a current ratio of 0.83.

A number of research firms recently commented on DAL. Susquehanna decreased their price objective on Delta Air Lines from $53.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, July 15th. Morgan Stanley cut their price objective on Delta Air Lines from $67.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday. Cowen increased their target price on Delta Air Lines from $53.00 to $54.00 and gave the company a “market perform” rating in a report on Thursday. Raymond James raised Delta Air Lines from a “market perform” rating to a “strong-buy” rating and set a $58.00 target price on the stock in a report on Thursday, July 15th. Finally, Wolfe Research downgraded shares of Delta Air Lines from an “outperform” rating to a “market perform” rating and set a $43.00 price objective for the company. in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Delta Air Lines has an average rating of “Buy” and an average target price of $52.22.

In related news, Director David S. Taylor acquired 5,000 shares of the company’s stock in a transaction on Tuesday, August 3rd. The shares were purchased at an average price of $39.30 per share, for a total transaction of $196,500.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David S. Taylor bought 3,000 shares of the firm’s stock in a transaction on Monday, July 19th. The stock was acquired at an average cost of $38.25 per share, with a total value of $114,750.00. The disclosure for this purchase can be found here. 0.63% of the stock is owned by corporate insiders.

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.

Further Reading: Average Daily Trade Volume Explained

Earnings History for Delta Air Lines (NYSE:DAL)

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