Delta Air Lines (NYSE:DAL) Releases FY 2019 Earnings Guidance

Delta Air Lines (NYSE:DAL) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $6.75-7.25 for the period, compared to the Thomson Reuters consensus estimate of $6.90. Delta Air Lines also updated its FY19 guidance to $6.75-7.25 EPS.

DAL stock opened at $61.65 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.29 and a current ratio of 0.34. Delta Air Lines has a 1 year low of $45.08 and a 1 year high of $62.24. The firm has a fifty day simple moving average of $56.03. The firm has a market cap of $40.38 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 0.49 and a beta of 1.18.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.07. The business had revenue of $12.54 billion during 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 quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.77 EPS. Sell-side analysts anticipate that Delta Air Lines will post 6.95 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be given a dividend of $0.4025 per share. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.35. This represents a $1.61 dividend on an annualized basis and a yield of 2.61%. Delta Air Lines’s payout ratio is currently 24.78%.

DAL has been the subject of a number of research analyst reports. Buckingham Research cut their target price on shares of Fastenal from $31.00 to $29.00 and set a neutral rating for the company in a research report on Friday. Zacks Investment Research raised shares of GCP Applied Technologies from a sell rating to a hold rating in a research report on Friday, May 31st. Credit Suisse Group boosted their target price on shares of Delta Air Lines from $37.00 to $68.00 and gave the stock an outperform rating in a research report on Thursday, April 11th. Bank of America set a $152.00 target price on shares of Caterpillar and gave the stock a buy rating in a research report on Thursday, April 4th. Finally, Raymond James reissued a hold rating and set a $19.50 target price on shares of in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $67.18.

In other news, CEO Edward H. Bastian sold 30,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $57.50, for a total transaction of $1,725,000.00. Following the completion of the transaction, the chief executive officer now owns 354,191 shares of the company’s stock, valued at $20,365,982.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven M. Sear sold 8,993 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $53.27, for a total transaction of $479,057.11. Following the transaction, the insider now directly owns 76,150 shares of the company’s stock, valued at approximately $4,056,510.50. The disclosure for this sale can be found here. Insiders have sold 65,003 shares of company stock valued at $3,709,180 in the last ninety days. 0.47% of the stock is owned by company insiders.

About Delta Air Lines

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

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