Delta Air Lines (NYSE:DAL) issued an update on its fourth quarter 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.20-1.50 for the period, compared to the Thomson Reuters consensus estimate of $1.51. The company issued revenue guidance of $11.279 billion, compared to the consensus revenue estimate of $11.29 billion.
Delta Air Lines stock opened at $53.92 on Thursday. 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 has a 50-day moving average price of $57.34 and a two-hundred day moving average price of $57.13. The firm has a market capitalization of $34.69 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 0.48 and a beta of 1.16. Delta Air Lines has a 52-week low of $45.08 and a 52-week high of $63.44.
Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, October 10th. The transportation company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.06. The firm had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.61 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 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.80 EPS. Research analysts expect that Delta Air Lines will post 7.07 earnings per share for the current year.
In other Delta Air Lines news, SVP William C. Carroll sold 6,384 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,425,699.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Rahul D. Samant sold 16,559 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $61.87, for a total transaction of $1,024,505.33. Following the sale, the executive vice president now directly owns 51,039 shares in the company, valued at approximately $3,157,782.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,285 shares of company stock worth $5,219,381. 0.47% of the stock is owned by insiders.
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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