Zacks: Analysts Expect Delta Air Lines, Inc. (NYSE:DAL) to Post $2.26 EPS

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Wall Street analysts expect Delta Air Lines, Inc. (NYSE:DAL) to report earnings per share (EPS) of $2.26 for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Delta Air Lines’ earnings, with estimates ranging from $2.12 to $2.37. Delta Air Lines posted earnings per share of $1.80 in the same quarter last year, which indicates a positive year-over-year growth rate of 25.6%. The company is expected to issue its next earnings report on Thursday, October 10th.

On average, analysts expect that Delta Air Lines will report full year earnings of $7.07 per share for the current financial year, with EPS estimates ranging from $6.76 to $7.30. For the next fiscal year, analysts anticipate that the business will report earnings of $7.37 per share, with EPS estimates ranging from $6.83 to $8.20. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Delta Air Lines.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.07. Delta Air Lines had a net margin of 9.85% and a return on equity of 31.68%. The company had revenue of $12.54 billion for the quarter, compared to the consensus estimate of $12.49 billion. During the same period in the prior year, the firm posted $1.77 EPS. Delta Air Lines’s revenue for the quarter was up 6.5% on a year-over-year basis.

DAL has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target on shares of Delta Air Lines from $61.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, July 12th. Imperial Capital raised their price target on shares of Delta Air Lines from $61.00 to $63.00 and gave the company an “in-line” rating in a report on Wednesday, July 10th. Stephens reaffirmed an “overweight” rating and set a $70.00 price target on shares of Delta Air Lines in a report on Wednesday, July 3rd. Deutsche Bank raised their price target on shares of Delta Air Lines from $56.00 to $61.00 and gave the company a “hold” rating in a report on Friday, July 12th. Finally, Cowen reiterated an “outperform” rating and issued a $69.00 price objective (up previously from $67.00) on shares of Delta Air Lines in a research note on Thursday, July 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $67.56.

In other Delta Air Lines news, SVP William C. Carroll sold 6,384 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $61.96, for a total transaction of $395,552.64. Following the sale, the senior vice president now owns 23,010 shares in the company, valued at approximately $1,425,699.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO W Gilbert West sold 10,342 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $62.64, for a total transaction of $647,822.88. Following the sale, the chief operating officer now owns 82,992 shares in the company, valued at approximately $5,198,618.88. The disclosure for this sale can be found here. Insiders sold a total of 92,278 shares of company stock worth $5,698,438 in the last quarter. Company insiders own 0.47% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Boston Partners raised its stake in Delta Air Lines by 24.1% during the 1st quarter. Boston Partners now owns 13,730,881 shares of the transportation company’s stock worth $709,200,000 after acquiring an additional 2,669,765 shares during the period. Dimensional Fund Advisors LP raised its stake in Delta Air Lines by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,801,924 shares of the transportation company’s stock worth $389,356,000 after acquiring an additional 50,255 shares during the period. Geode Capital Management LLC raised its stake in Delta Air Lines by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 7,757,127 shares of the transportation company’s stock worth $386,658,000 after acquiring an additional 532,550 shares during the period. Northern Trust Corp raised its stake in Delta Air Lines by 0.7% during the 2nd quarter. Northern Trust Corp now owns 6,403,999 shares of the transportation company’s stock worth $363,428,000 after acquiring an additional 42,077 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in Delta Air Lines by 15.0% during the 1st quarter. Neuberger Berman Group LLC now owns 6,124,500 shares of the transportation company’s stock worth $316,331,000 after acquiring an additional 798,959 shares during the period. Institutional investors own 85.54% of the company’s stock.

Shares of NYSE DAL opened at $56.20 on Friday. The firm’s 50-day moving average price is $60.09 and its 200-day moving average price is $55.55. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 0.95. The company has a market cap of $37.69 billion, a PE ratio of 9.95, a PEG ratio of 0.46 and a beta of 1.18. Delta Air Lines has a 52-week low of $45.08 and a 52-week high of $63.44.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were paid a $0.4025 dividend. This represents a $1.61 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Wednesday, July 24th. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.35. Delta Air Lines’s dividend payout ratio is 28.50%.

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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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