Delta Air Lines (NYSE:DAL) posted its quarterly earnings results on Thursday. The transportation company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.74 by $0.06, MarketWatch Earnings reports. The business had revenue of $11.95 billion during the quarter, compared to analysts’ expectations of $11.96 billion. Delta Air Lines had a net margin of 7.72% and a return on equity of 26.75%. During the same period last year, the company posted $1.57 earnings per share. Delta Air Lines updated its Q4 2018 guidance to $1.10-1.30 EPS.

NYSE:DAL opened at $52.05 on Friday. Delta Air Lines has a 12 month low of $48.33 and a 12 month high of $60.79. The company has a market capitalization of $39.98 billion, a PE ratio of 10.56, a PEG ratio of 0.51 and a beta of 1.00. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.31 and a current ratio of 0.40.

Several equities analysts recently weighed in on the stock. Bank of America cut their price objective on shares of Delta Air Lines from $67.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday. Buckingham Research cut their price objective on shares of Delta Air Lines from $71.00 to $67.00 and set a “buy” rating on the stock in a research report on Wednesday. Macquarie set a $69.00 price objective on shares of Delta Air Lines and gave the company a “buy” rating in a research report on Monday, October 8th. Morgan Stanley set a $65.00 price objective on shares of Delta Air Lines and gave the company a “buy” rating in a research report on Friday, October 5th. Finally, Citigroup cut their price objective on shares of Delta Air Lines from $65.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $67.36.

In other news, Director William H. Easter III sold 3,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $58.47, for a total value of $175,410.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Joanne D. Smith sold 4,353 shares of Delta Air Lines stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $57.50, for a total transaction of $250,297.50. Following the completion of the transaction, the executive vice president now directly owns 90,972 shares in the company, valued at approximately $5,230,890. The disclosure for this sale can be found here. In the last three months, insiders sold 102,787 shares of company stock worth $5,519,226. Insiders own 0.33% 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, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Earnings History for Delta Air Lines (NYSE:DAL)

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