Delta Air Lines (NYSE:DAL) Issues Quarterly Earnings Results

Delta Air Lines (NYSE:DAL - Get Free Report) posted its quarterly earnings results on Thursday. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.09, Zacks reports. Delta Air Lines had a net margin of 5.91% and a return on equity of 28.18%. The business had revenue of $15,507,000 billion during the quarter, compared to analyst estimates of $16.16 billion. During the same period in the prior year, the business posted $2.36 earnings per share.

Delta Air Lines Price Performance

Shares of DAL stock opened at $50.61 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.38 and a quick ratio of 0.33. The company has a market capitalization of $33.05 billion, a P/E ratio of 8.97, a P/E/G ratio of 2.36 and a beta of 1.49. The company's 50-day simple moving average is $48.87 and its two-hundred day simple moving average is $52.81. Delta Air Lines has a one year low of $34.74 and a one year high of $69.98.

Delta Air Lines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, July 31st will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 1.48%. This is an increase from Delta Air Lines's previous quarterly dividend of $0.15. The ex-dividend date is Thursday, July 31st. Delta Air Lines's dividend payout ratio is presently 10.64%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DAL. Susquehanna dropped their target price on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a report on Monday, April 7th. Wall Street Zen lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. TD Cowen raised their price objective on shares of Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, April 10th. Citigroup lowered their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Finally, The Goldman Sachs Group lowered their price objective on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $61.42.

Hedge Funds Weigh In On Delta Air Lines

A hedge fund recently bought a new stake in Delta Air Lines stock. Acadian Asset Management LLC bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,114 shares of the transportation company's stock, valued at approximately $178,000. 69.93% of the stock is owned by institutional investors.

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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.