Delta Air Lines (NYSE:DAL) Releases FY19 Earnings Guidance

Delta Air Lines (NYSE:DAL) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $6.75-7.25 for the period, compared to the Thomson Reuters consensus estimate of $6.98. Delta Air Lines also updated its FY 2019 guidance to $6.75-7.25 EPS.

Several research analysts have commented on the stock. Zacks Investment Research raised shares of GCP Applied Technologies from a sell rating to a hold rating in a research note on Friday, May 31st. Morgan Stanley lifted their price objective on shares of United Technologies from $155.00 to $164.00 and gave the stock an overweight rating in a research note on Monday, May 20th. Imperial Capital dropped their price objective on shares of Montage Resources from $9.00 to $6.00 and set an inline rating for the company in a research note on Wednesday. Citigroup lifted their price objective on shares of Vistra Energy from $32.00 to $36.00 and gave the stock a buy rating in a research note on Thursday, April 11th. Finally, Bank of America set a $152.00 price objective on shares of Caterpillar and gave the stock a buy rating in a research note on Thursday, April 4th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $65.98.

Shares of NYSE:DAL traded up $0.69 on Thursday, hitting $60.16. 12,495,610 shares of the company’s stock were exchanged, compared to its average volume of 6,730,696. Delta Air Lines has a 12 month low of $45.08 and a 12 month high of $61.32. The company has a market capitalization of $39.04 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 0.62 and a beta of 1.18. The stock’s 50 day simple moving average is $55.87. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.34 and a quick ratio of 0.29.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 11th. The transportation company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.05. Delta Air Lines had a return on equity of 30.10% and a net margin of 9.09%. The business had revenue of $12.54 billion during the quarter, compared to the consensus estimate of $12.49 billion. During the same period last year, the company earned $1.77 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, research analysts anticipate that Delta Air Lines will post 6.8 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th will be given a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a dividend yield of 2.68%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.35. Delta Air Lines’s dividend payout ratio (DPR) is 24.78%.

In other news, insider Steven M. Sear sold 8,993 shares of Delta Air Lines stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $53.27, for a total transaction of $479,057.11. Following the completion of the sale, the insider now directly owns 76,150 shares in the company, valued at $4,056,510.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael P. Huerta sold 1,010 shares of Delta Air Lines stock in a transaction on Friday, May 24th. The stock was sold at an average price of $54.33, for a total value of $54,873.30. Following the sale, the director now owns 5,670 shares of the company’s stock, valued at $308,051.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,003 shares of company stock valued at $3,709,180. Corporate insiders own 0.47% of the company’s stock.

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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