Delta Air Lines, Inc. (NYSE:DAL) Expected to Announce Quarterly Sales of $12.61 Billion

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Equities research analysts predict that Delta Air Lines, Inc. (NYSE:DAL) will post sales of $12.61 billion for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Delta Air Lines’ earnings. The highest sales estimate is $12.75 billion and the lowest is $12.42 billion. Delta Air Lines reported sales of $11.95 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 5.5%. The company is expected to announce its next earnings results on Thursday, October 10th.

According to Zacks, analysts expect that Delta Air Lines will report full-year sales of $46.82 billion for the current year, with estimates ranging from $46.45 billion to $47.20 billion. For the next financial year, analysts forecast that the business will post sales of $49.03 billion, with estimates ranging from $48.25 billion to $49.92 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Delta Air Lines.

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

Several brokerages recently issued reports on DAL. Cowen reissued an “outperform” rating and set a $69.00 target price (up from $67.00) on shares of Delta Air Lines in a research note on Thursday, July 11th. ValuEngine lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Buckingham Research increased their target price on shares of Delta Air Lines from $71.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Deutsche Bank increased their target price on shares of Delta Air Lines from $56.00 to $61.00 and gave the stock a “hold” rating in a research note on Friday, July 12th. Finally, Stephens reissued an “overweight” rating and set a $70.00 target price on shares of Delta Air Lines in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $67.56.

Shares of NYSE DAL opened at $56.20 on Tuesday. The firm has a market cap of $37.69 billion, a PE ratio of 9.95, a P/E/G ratio of 0.46 and a beta of 1.18. Delta Air Lines has a 12-month low of $45.08 and a 12-month high of $63.44. The company’s fifty day simple moving average is $60.09 and its 200 day simple moving average 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th were paid a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 2.86%. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.35. The ex-dividend date was Wednesday, July 24th. Delta Air Lines’s dividend payout ratio (DPR) is 28.50%.

In other Delta Air Lines news, SVP William C. Carroll sold 6,384 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $61.96, for a total value of $395,552.64. Following the transaction, the senior vice president now directly owns 23,010 shares of the company’s stock, valued at $1,425,699.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Glen W. Hauenstein sold 50,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $63.03, for a total transaction of $3,151,500.00. Following the completion of the transaction, the president now directly owns 267,526 shares in the company, valued at $16,862,163.78. The disclosure for this sale can be found here. Insiders sold 92,278 shares of company stock worth $5,698,438 over the last ninety days. Insiders own 0.47% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Glassman Wealth Services raised its holdings in shares of Delta Air Lines by 1,153.5% in the first quarter. Glassman Wealth Services now owns 539 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 496 shares during the last quarter. Motco raised its holdings in shares of Delta Air Lines by 1,716.7% in the first quarter. Motco now owns 654 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 618 shares during the last quarter. Carroll Financial Associates Inc. raised its holdings in shares of Delta Air Lines by 105.6% in the second quarter. Carroll Financial Associates Inc. now owns 623 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 320 shares during the last quarter. Cornerstone Advisors Inc. raised its holdings in shares of Delta Air Lines by 36.0% in the second quarter. Cornerstone Advisors Inc. now owns 620 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 164 shares during the last quarter. Finally, Avestar Capital LLC raised its holdings in shares of Delta Air Lines by 3,385.0% in the second quarter. Avestar Capital LLC now owns 697 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 677 shares during the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

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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