$12.61 Billion in Sales Expected for Delta Air Lines, Inc. (NYSE:DAL) This Quarter

Wall Street analysts expect Delta Air Lines, Inc. (NYSE:DAL) to report sales of $12.61 billion for the current quarter, Zacks reports. Nine analysts have provided estimates for Delta Air Lines’ earnings, with the lowest sales estimate coming in at $12.42 billion and the highest estimate coming in at $12.75 billion. Delta Air Lines reported sales of $11.95 billion in the same quarter last year, which indicates a positive year over year growth rate of 5.5%. The company is expected to report its next quarterly earnings report on Thursday, October 10th.

On average, analysts expect that Delta Air Lines will report full-year sales of $46.82 billion for the current year, with estimates ranging from $46.45 billion to $47.20 billion. For the next financial year, analysts expect that the business will post sales of $49.03 billion, with estimates ranging from $48.25 billion to $49.92 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Delta Air Lines.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, July 11th. The transportation company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.07. Delta Air Lines had a net margin of 9.85% and a return on equity of 31.68%. The business had revenue of $12.54 billion during the quarter, compared to analysts’ expectations of $12.49 billion. During the same period in the prior year, the company earned $1.77 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year.

A number of brokerages have recently issued reports on DAL. 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 note on Friday, July 12th. Stephens reiterated an “overweight” rating and set a $70.00 price target on shares of Delta Air Lines in a research note on Wednesday, July 3rd. Buckingham Research boosted their price target on shares of Delta Air Lines from $71.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Cowen reiterated an “outperform” rating and set a $69.00 price target (up from $67.00) on shares of Delta Air Lines in a research note on Thursday, July 11th. Finally, Imperial Capital boosted their price target on shares of Delta Air Lines from $61.00 to $63.00 and gave the stock an “in-line” rating in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $67.56.

In other Delta Air Lines news, COO W Gilbert West sold 10,342 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $62.64, for a total transaction of $647,822.88. Following the transaction, the chief operating officer now directly owns 82,992 shares in the company, valued at $5,198,618.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Steven M. Sear sold 8,993 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $53.27, for a total transaction of $479,057.11. Following the transaction, the insider now owns 76,150 shares in the company, valued at $4,056,510.50. The disclosure for this sale can be found here. Insiders have sold 93,288 shares of company stock worth $5,753,311 over the last 90 days. 0.47% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cornerstone Advisors Inc. lifted its holdings in shares of Delta Air Lines by 36.0% in the second quarter. Cornerstone Advisors Inc. now owns 620 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 164 shares in the last quarter. Pineno Levin & Ford Asset Management Inc. lifted its holdings in shares of Delta Air Lines by 0.4% in the first quarter. Pineno Levin & Ford Asset Management Inc. now owns 52,643 shares of the transportation company’s stock valued at $2,719,000 after purchasing an additional 190 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Delta Air Lines by 14.0% in the first quarter. Global Retirement Partners LLC now owns 1,772 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 217 shares in the last quarter. Zeke Capital Advisors LLC lifted its holdings in shares of Delta Air Lines by 2.1% in the second quarter. Zeke Capital Advisors LLC now owns 10,702 shares of the transportation company’s stock valued at $607,000 after purchasing an additional 225 shares in the last quarter. Finally, Keystone Financial Group lifted its holdings in shares of Delta Air Lines by 5.6% in the first quarter. Keystone Financial Group now owns 4,433 shares of the transportation company’s stock valued at $229,000 after purchasing an additional 234 shares in the last quarter. Institutional investors own 87.74% of the company’s stock.

Shares of NYSE:DAL traded down $0.19 on Friday, reaching $60.13. The company’s stock had a trading volume of 3,731,897 shares, compared to its average volume of 6,816,925. The business has a 50-day moving average price of $59.32. Delta Air Lines has a 52-week low of $45.08 and a 52-week high of $63.44. 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 company has a market cap of $39.22 billion, a PE ratio of 10.64, a P/E/G ratio of 0.48 and a beta of 1.18.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be given a dividend of $0.4025 per share. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.35. This represents a $1.61 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Wednesday, July 24th. Delta Air Lines’s dividend payout ratio is presently 28.50%.

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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