Delta Air Lines (NYSE:DAL) Issues Q4 2019 Earnings Guidance

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.

DAL has been the topic of a number of recent analyst reports. Deutsche Bank boosted their price target on shares of Delta Air Lines from $56.00 to $61.00 and gave the stock a hold rating in a research report on Friday, July 12th. ValuEngine downgraded shares of Delta Air Lines from a hold rating to a sell rating in a research report on Friday, October 4th. Berenberg Bank initiated coverage on shares of Delta Air Lines in a research report on Friday, September 6th. They set a buy rating and a $72.00 price target on the stock. Raymond James boosted their price target on shares of Delta Air Lines from $68.00 to $70.00 and gave the stock an outperform rating in a research report on Friday, July 12th. Finally, Credit Suisse Group dropped their price target on shares of Delta Air Lines from $72.00 to $71.00 and set an outperform rating on the stock in a research report on Thursday, October 3rd. One investment 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. Delta Air Lines currently has an average rating of Buy and an average price target of $67.13.

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

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