Delta Air Lines (DAL) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS
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.
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.
Featured Article: Why is insider trading harmful?
Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.