Delta Air Lines, Inc. (NYSE: DAL) is expected to post quarterly sales of $ 8.36 billion
Brokerages predict that Delta Air Lines, Inc. (NYSE: DAL) will report sales of $ 8.36 billion for the current quarter, according to Zacks investment research. Six analysts have released earnings estimates for Delta Air Lines. The highest sales estimate is $ 8.74 billion and the lowest is $ 8.14 billion. Delta Air Lines posted sales of $ 3.06 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 173.2%. The company is expected to announce its next quarterly results before the market opens on Wednesday, October 13.
Zacks says analysts expect Delta Air Lines to report annual revenue of $ 28.26 billion for the current fiscal year, with estimates ranging from $ 27.38 billion to $ 29.22 billion . For next year, analysts expect the company to report revenue of $ 40.70 billion, with estimates ranging from $ 37.12 billion to $ 47.12 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sales-side research companies that track Delta Air Lines.
Delta Air Lines (NYSE: DAL) last released its quarterly profit data on Tuesday, July 13. The transportation company reported ($ 1.07) earnings per share for the quarter, beating analyst consensus estimates ($ 1.38) by $ 0.31. Delta Air Lines recorded a negative return on equity of 398.80% and a negative net margin of 36.37%. The company posted revenue of $ 7.13 billion for the quarter, compared to a consensus estimate of $ 6.25 billion. In the same quarter of last year, the company made earnings per share ($ 4.43). The company’s revenue for the quarter increased 385.6% from the same quarter last year.
DAL has been the subject of several recent analyst reports. Susquehanna lowered its price target on Delta Air Lines from $ 53.00 to $ 45.00 and set a “neutral” rating for the company in a report released Thursday, July 15. Wolfe Research downgraded Delta Air Lines from an “underperformance” rating to an “outperformance” rating and lowered its price target for the stock from $ 78.00 to $ 55 in a report released on Friday. June 18. Argus downgraded Delta Air Lines from a “buy” rating to a “conservation” rating in a report released Thursday, September 23. Morgan Stanley lowered its price target on Delta Air Lines from $ 73.00 to $ 67.00 and set an “overweight” rating for the company in a report released on Tuesday, September 14. Finally, Raymond James downgraded Delta Air Lines from a “market performance” rating to a “strong buy” rating and set a price target of $ 58.00 for the company in a report released on Thursday. July 15th. One research analyst rated the stock with a sell rating, seven gave a conservation rating, ten issued a buy rating, and one gave the stock a strong buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $ 53.11.
In addition, director David S. Taylor bought 5,000 shares in a transaction dated Tuesday, August 3. The shares were purchased at an average cost of $ 39.30 per share, for a total value of $ 196,500.00. The transaction has been disclosed in a legal file with the Securities & Exchange Commission, which is available through this hyperlink. In addition, director David S. Taylor acquired 3,000 shares in a transaction on Monday July 19. The shares were purchased at an average cost of $ 38.25 per share, for a total transaction of $ 114,750.00. Disclosure of this purchase can be found here. 0.63% of the shares are held by insiders.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Wagner Wealth Management LLC acquired a new position in Delta Air Lines during the first quarter valued at $ 25,000. Eagle Bay Advisors LLC acquired a new position in Delta Air Lines shares in the second quarter valued at $ 26,000. Albion Financial Group UT acquired a new position in Delta Air Lines shares in the second quarter valued at $ 28,000. Massmutual Trust Co. FSB ADV increased its stake in the shares of Delta Air Lines by 493.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 694 shares of the transport company valued at $ 30,000 after purchasing an additional 577 shares in the last quarter. Finally, Activest Wealth Management acquired a new position in Delta Air Lines shares in the 2nd quarter valued at $ 32,000. 63.65% of the shares are currently held by institutional investors.
DAL shares opened at $ 42.61 on Friday. Delta Air Lines has a one-year minimum of $ 28.74 and a one-year maximum of $ 52.28. The stock’s 50-day moving average is $ 40.51 and its 200-day moving average is $ 44.01. The company has a market cap of $ 27.27 billion, a P / E ratio of -4.06 and a beta of 1.41. The company has a debt ratio of 20.83, a current ratio of 0.83, and a quick ratio of 0.82.
About Delta Air Lines
Delta Air Lines, Inc. engages in the provision of scheduled air transportation for passengers and cargo. It operates through the airline and refinery segments. The Airline segment provides scheduled air transport of passengers and freight. The Refinery segment consists of jet fuels and products other than jet fuels.
Feature article: The risks of owning bonds
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Delta Air Lines now?
Before you consider Delta Air Lines, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold … and Delta Air Lines was not on the list.
While Delta Air Lines currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here