Delta Air Lines (NYSE:DAL) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $6.35-6.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.32. Delta Air Lines also updated its Q1 guidance to $0.65-0.75 EPS.
Several equities analysts have commented on the stock. Stephens set a $67.00 target price on shares of Delta Air Lines and gave the company a buy rating in a report on Monday, December 18th. Stifel Nicolaus reissued a buy rating and issued a $85.00 target price (up from $75.00) on shares of Delta Air Lines in a report on Wednesday, January 10th. Vetr lowered shares of Delta Air Lines from a sell rating to a strong sell rating and set a $45.16 target price on the stock. in a report on Wednesday, November 29th. Cowen raised their target price on shares of Delta Air Lines from $62.00 to $66.00 and gave the company an outperform rating in a report on Friday, December 15th. Finally, Zacks Investment Research raised shares of Delta Air Lines from a hold rating to a buy rating and set a $59.00 target price on the stock in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $67.05.
Shares of Delta Air Lines (NYSE DAL) opened at $56.16 on Tuesday. Delta Air Lines has a one year low of $43.81 and a one year high of $60.79. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47. The firm has a market cap of $39,700.00, a P/E ratio of 11.37, a PEG ratio of 0.75 and a beta of 1.16.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be paid a $0.305 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.17%. Delta Air Lines’s payout ratio is currently 24.70%.
In related news, President Glen W. Hauenstein sold 31,600 shares of Delta Air Lines stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $55.83, for a total transaction of $1,764,228.00. Following the sale, the president now directly owns 204,018 shares in the company, valued at approximately $11,390,324.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director George N. Mattson bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were acquired at an average price of $51.89 per share, for a total transaction of $518,900.00. Following the completion of the transaction, the director now owns 66,510 shares in the company, valued at $3,451,203.90. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 323,638 shares of company stock worth $18,537,123. 0.37% 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 throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.