Zacks: Brokerages Expect Delta Air Lines, Inc. (NYSE:DAL) Will Post Quarterly Sales of $8.79 Billion

Equities analysts expect Delta Air Lines, Inc. (NYSE:DAL) to post $8.79 billion in sales for the current quarter, Zacks reports. Eight analysts have provided estimates for Delta Air Lines’ earnings, with the lowest sales estimate coming in at $8.24 billion and the highest estimate coming in at $9.13 billion. Delta Air Lines reported sales of $3.97 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 121.4%. The company is scheduled to report its next quarterly earnings report on Thursday, January 13th.

According to Zacks, analysts expect that Delta Air Lines will report full-year sales of $28.99 billion for the current year, with estimates ranging from $27.65 billion to $29.56 billion. For the next financial year, analysts forecast that the company will report sales of $40.73 billion, with estimates ranging from $38.01 billion to $43.92 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Delta Air Lines.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Wednesday, October 13th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.15. The business had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $8.46 billion. Delta Air Lines had a negative net margin of 0.28% and a negative return on equity of 294.36%. The company’s quarterly revenue was up 199.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($3.30) EPS.

A number of research analysts have issued reports on the stock. Redburn Partners began coverage on shares of Delta Air Lines in a research report on Wednesday, August 11th. They set a “neutral” rating on the stock. Raymond James reduced their target price on shares of Delta Air Lines from $58.00 to $55.00 and set a “strong-buy” rating on the stock in a research report on Monday, November 29th. Argus downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, September 23rd. Morgan Stanley reduced their target price on shares of Delta Air Lines from $67.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, October 14th. Finally, Cowen upped their target price on shares of Delta Air Lines from $53.00 to $54.00 and gave the stock a “market perform” rating in a research report on Thursday, October 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $53.13.

In related news, Director David S. Taylor bought 6,000 shares of the stock in a transaction on Friday, November 26th. The shares were acquired at an average price of $35.96 per share, for a total transaction of $215,760.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.63% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of DAL. Eagle Bay Advisors LLC bought a new stake in Delta Air Lines during the 2nd quarter worth approximately $26,000. Albion Financial Group UT bought a new stake in Delta Air Lines during the 2nd quarter worth approximately $28,000. Massmutual Trust Co. FSB ADV raised its stake in Delta Air Lines by 493.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 694 shares of the transportation company’s stock worth $30,000 after acquiring an additional 577 shares during the period. Activest Wealth Management bought a new stake in Delta Air Lines during the 2nd quarter worth approximately $32,000. Finally, Wealth Quarterback LLC raised its stake in Delta Air Lines by 257.8% during the 3rd quarter. Wealth Quarterback LLC now owns 5,034 shares of the transportation company’s stock worth $34,000 after acquiring an additional 3,627 shares during the period. Hedge funds and other institutional investors own 63.95% of the company’s stock.

Delta Air Lines stock traded down $0.66 during mid-day trading on Friday, reaching $35.98. 25,477,999 shares of the company traded hands, compared to its average volume of 15,398,466. The company has a debt-to-equity ratio of 9.79, a current ratio of 0.83 and a quick ratio of 0.82. The firm’s 50 day moving average price is $41.03 and its 200 day moving average price is $41.91. The firm has a market capitalization of $23.03 billion, a price-to-earnings ratio of -276.75 and a beta of 1.28. Delta Air Lines has a 52-week low of $33.40 and a 52-week high of $52.28.

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.

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

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