On Friday, January 13, Delta Air Lines (NYSE: DAL) will publish a report detailing the company’s financial performance during the preceding quarter.
On Thursday, October 13, Delta Air Lines announced the publication of its most recent quarterly earnings report, which can be located on the company’s website under the ticker symbol “DAL.” The earnings per share of the transportation company for the quarter came in at $1.51, which was $0.05 less than the average estimate of $1.56 for the quarter. The return on equity for Delta Air Lines came in at 32.62%, and the company managed to keep its net margin at 0.18%. The revenue for the quarter came in at $13.98 billion, which was considerably higher than the $13.62 billion anticipated by industry professionals. The company generated $0.30 per share during the same period the year before. The revenue increase for the quarter was greater by 52.7% than it had been during the same quarter the previous year. According to industry analysts’ forecasts, Delta Air Lines will generate earnings of $3 per share in the fiscal year after this one and $5 per share in the fiscal year after that.
For $38.18 per share, trading on the NYSE DAL got underway on Thursday. The stock’s simple moving average over the past fifty days is $34.23, and its simple moving average over the past 200 days is $32.53. Within the past year, Delta Air Lines has offered fares as low as $27.20 and as high as $46.27, with $27.20 being the lowest and $46.27 the highest. The ratio of debt to equity is 4.62 to 1, the ratio of quick ratio to current ratio is 0.52 to 1, and the ratio of current ratio to quick ratio is 0.57 to 1. The company’s market capitalization is currently sitting at $24.48 billion, its price-to-earnings ratio stands at 347.09, and its beta value sits at 1.20.
On Friday, October 28, Delta Air Lines Executive Vice President Joanne D. Smith sold 2,000 shares of the company’s stock, which brings us to another information about the airline. A total of 68,380.00 dollars’ worth of the company’s stock was sold for $34.19 per share, bringing in a total of $68,380.00. Currently, the executive vice president owns 111,153 shares of the company. These shares were purchased directly from the company. These shares have a market value as of right now of $3,800,321.07. On the Securities and Exchange Commission website, visitors can find a copy of the legal document that explains the sale and can also read it there. A total of 0.84% of the company’s shares are held in private hands by company employees.
Purchases and sales of the company’s stock by institutional investors and hedge funds were among the most recent transactions involving the stock. The value of Parkside Financial Bank & Trust’s shares in Delta Air Lines rose by 124.9% over the first three months of this year. There are currently 1,273 shares of the transportation company’s stock that belong to Parkside Financial Bank & Trust. These shares have a value of $51,000. This is because the financial institution acquired 707 additional shares during the most recent quarter of the most recent year. Zions Bancorporation and the National Association raised their ownership in Delta Air Lines by 429.0% over the first three months of this year. Zions Bancorporation N.A. now has 1,349 shares of the transportation company’s stock, which are currently valued at $53,000 following the purchase of an additional 1,094 shares during the most recent period. These shares were acquired for a total price of $53,000. Williams Jones Wealth Management LLC. Initiated a new investment in Delta Air Lines during the first three months of the fiscal year. Approximately 206,000 dollars were the value of this investment. The fund management team at Engine No. 1 LLC made a new investment in Delta Air Lines during the first three months of 2018, and the value of that investment was approximately $214,000. Acadian Asset Management LLC has recently acquired a new interest in Delta Air Lines. As of the end of the first quarter, the value of this new interest was approximately 217,000 dollars. Currently, 66.47% of the company’s shares are held by institutional investors such as hedge funds and other types of institutional investors.
In recent times, a variety of equity research analysts have communicated their thoughts regarding the company that has been the primary focus of their attention. Cowen raised their rating for Delta Air Lines from “market perform” to “outperform” in a research note published on Friday, October 14, and they set a target price of $54.00 on the company. Fourth, Cowen changed their rating for Delta Air Lines from “market perform” to “outperform” and set their price target for the company at $54.00. In a research study made available by TheStreet on Tuesday, September 20, the rating for Delta Air Lines was raised from a “d+” to a “c-,” reflecting an improvement in the company’s overall performance. On Friday, December 16, the Goldman Sachs Group published the first research report in which it would begin covering Delta Air Lines. This coverage officially began the following week. They suggested that investors “buy” the stock and projected that its price would be $4.00 at the time of purchase. Bank of America increased the price target it had set for Delta Air Lines from $40.00 to $43.00 in a research report that was made public on Tuesday. The report was made available to the general public. Argus upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a target price of $39.00 for the stock in a report published on Thursday, January 5. Argus also set a price target of $40.00 for the stock. After having previously assigned a rating of “hold” to the stock, the company decided to raise its rating. One of the equity research analysts recommended holding onto the stock; sixteen of the analysts gave the stock a buy rating, and one gave the stock a strong buy rating. According to Bloomberg, the current recommendation for Delta Air Lines is “buy,” The company’s price goal is expected to average $49.38. In addition, the consensus recommendation for the company is “buy.”