Zacks: Analysts Expect Delta Air Lines, Inc. (DAL) Will Post Quarterly Sales of $10.89 Billion

Wall Street analysts expect Delta Air Lines, Inc. (NYSE:DAL) to announce $10.89 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Delta Air Lines’ earnings. The lowest sales estimate is $10.80 billion and the highest is $11.05 billion. Delta Air Lines reported sales of $10.25 billion in the same quarter last year, which would suggest a positive year over year growth rate of 6.2%. The business is scheduled to issue its next earnings results on Thursday, January 10th.

According to Zacks, analysts expect that Delta Air Lines will report full year sales of $44.52 billion for the current financial year, with estimates ranging from $43.96 billion to $44.75 billion. For the next year, analysts expect that the company will post sales of $47.10 billion, with estimates ranging from $46.07 billion to $47.98 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Delta Air Lines.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, October 11th. The transportation company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.06. The company had revenue of $11.95 billion for the quarter, compared to the consensus estimate of $11.96 billion. Delta Air Lines had a return on equity of 27.72% and a net margin of 7.87%. During the same period in the previous year, the business earned $1.57 earnings per share.

DAL has been the topic of a number of analyst reports. Macquarie set a $69.00 target price on Delta Air Lines and gave the company a “buy” rating in a research note on Monday, October 8th. ValuEngine cut Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Bank of America set a $67.00 price objective on Delta Air Lines and gave the stock a “buy” rating in a research note on Wednesday, October 3rd. Credit Suisse Group started coverage on Delta Air Lines in a research note on Monday, November 19th. They issued an “outperform” rating and a $71.00 price objective on the stock. Finally, Imperial Capital dropped their price objective on Delta Air Lines from $78.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Delta Air Lines has an average rating of “Buy” and an average target price of $67.93.

In other news, Director William H. Easter III sold 3,000 shares of the stock in a transaction on Friday, August 31st. The stock was sold at an average price of $58.47, for a total transaction of $175,410.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.33% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Lido Advisors LLC grew its holdings in shares of Delta Air Lines by 23.8% during the second quarter. Lido Advisors LLC now owns 11,448 shares of the transportation company’s stock worth $567,000 after purchasing an additional 2,204 shares during the last quarter. Elgethun Capital Management grew its holdings in shares of Delta Air Lines by 55.4% during the second quarter. Elgethun Capital Management now owns 22,512 shares of the transportation company’s stock worth $1,120,000 after purchasing an additional 8,027 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of Delta Air Lines by 9.9% during the second quarter. Baird Financial Group Inc. now owns 170,079 shares of the transportation company’s stock worth $8,426,000 after purchasing an additional 15,326 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Delta Air Lines by 16.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 3,631,537 shares of the transportation company’s stock worth $179,907,000 after acquiring an additional 499,562 shares during the period. Finally, Swiss National Bank lifted its stake in shares of Delta Air Lines by 2.2% in the second quarter. Swiss National Bank now owns 584,607 shares of the transportation company’s stock worth $28,961,000 after acquiring an additional 12,700 shares during the period. Hedge funds and other institutional investors own 86.89% of the company’s stock.

Shares of NYSE:DAL traded up $1.19 during mid-day trading on Friday, reaching $57.16. The stock had a trading volume of 3,778,228 shares, compared to its average volume of 6,283,867. The company has a current ratio of 0.37, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. Delta Air Lines has a 1 year low of $48.52 and a 1 year high of $60.79. The company has a market capitalization of $39.19 billion, a P/E ratio of 11.59, a P/E/G ratio of 0.66 and a beta of 0.94.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 7th will be issued a dividend of $0.35 per share. The ex-dividend date is Tuesday, November 6th. This represents a $1.40 annualized dividend and a dividend yield of 2.45%. Delta Air Lines’s dividend payout ratio is presently 28.40%.

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, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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

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