Imperial Capital Weighs in on Delta Air Lines, Inc.’s FY2019 Earnings (DAL)

Delta Air Lines, Inc. (NYSE:DAL) – Investment analysts at Imperial Capital cut their FY2019 EPS estimates for shares of Delta Air Lines in a research report issued on Wednesday, Zacks Investment Research reports. Imperial Capital analyst M. Derchin now anticipates that the transportation company will earn $2.45 per share for the year, down from their prior estimate of $2.55. Imperial Capital currently has a “In-Line” rating on the stock.

A number of other brokerages have also commented on DAL. Deutsche Bank AG lifted their price target on shares of Delta Air Lines from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday. Vetr upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $51.80 price target for the company in a research note on Monday, January 9th. Cowen and Company reduced their price target on shares of Delta Air Lines from $60.00 to $58.00 and set an “outperform” rating for the company in a research note on Monday, April 10th. Sanford C. Bernstein restated a “market perform” rating and set a $44.00 target price on shares of Delta Air Lines in a research report on Friday, March 3rd. Finally, Morgan Stanley restated an “overweight” rating and set a $60.00 target price on shares of Delta Air Lines in a research report on Wednesday, February 22nd. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $53.43.

Earnings History and Estimates for Delta Air Lines (NYSE:DAL)

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Delta Air Lines (NYSE:DAL) traded down 0.81% during midday trading on Thursday, hitting $45.56. 3,805,039 shares of the company were exchanged. The stock has a 50 day moving average of $46.32 and a 200 day moving average of $46.99. Delta Air Lines has a 1-year low of $32.60 and a 1-year high of $52.76. The firm has a market capitalization of $33.17 billion, a PE ratio of 8.40 and a beta of 0.75.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, April 12th. The transportation company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.04. Delta Air Lines had a net margin of 11.03% and a return on equity of 33.59%. The company had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.14 billion. During the same quarter in the prior year, the business posted $1.32 EPS. The firm’s revenue was down 1.1% compared to the same quarter last year.

Large investors have recently added to or reduced their stakes in the stock. National Pension Service increased its stake in Delta Air Lines by 9.7% in the third quarter. National Pension Service now owns 175,736 shares of the transportation company’s stock worth $6,917,000 after buying an additional 15,501 shares during the last quarter. Trust Co increased its stake in Delta Air Lines by 3.4% in the second quarter. Trust Co now owns 8,795 shares of the transportation company’s stock worth $320,000 after buying an additional 290 shares during the last quarter. Trust Department MB Financial Bank N A increased its stake in Delta Air Lines by 0.5% in the third quarter. Trust Department MB Financial Bank N A now owns 170,398 shares of the transportation company’s stock worth $6,707,000 after buying an additional 859 shares during the last quarter. Bank of Montreal Can increased its stake in Delta Air Lines by 17.0% in the third quarter. Bank of Montreal Can now owns 674,264 shares of the transportation company’s stock worth $26,540,000 after buying an additional 98,005 shares during the last quarter. Finally, Breton Hill Capital Ltd. increased its stake in Delta Air Lines by 0.6% in the third quarter. Breton Hill Capital Ltd. now owns 22,222 shares of the transportation company’s stock worth $875,000 after buying an additional 135 shares during the last quarter. 79.44% of the stock is currently owned by institutional investors.

In other news, COO W Gilbert West sold 15,600 shares of the business’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $51.29, for a total value of $800,124.00. Following the transaction, the chief operating officer now owns 111,113 shares of the company’s stock, valued at $5,698,985.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas R. Ralph purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, January 23rd. The shares were acquired at an average cost of $49.04 per share, for a total transaction of $49,040.00. Following the purchase, the director now owns 1,000 shares of the company’s stock, valued at $49,040. The disclosure for this purchase can be found here. In the last three months, insiders bought 173,165 shares of company stock worth $312,700 and sold 99,417 shares worth $4,975,031. 0.75% of the stock is currently owned by insiders.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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