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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon. The company sells its tickets through various distribution channels, including delta.com and the Fly Delta app, reservations, online travel agencies, traditional brick and mortar, and other agencies. It also provides aircraft maintenance and engineering support, repair, and overhaul services; and vacation packages to third-party consumers, as well as aircraft charters, and management and programs. The company operates through a fleet of approximately 1,200 aircrafts. Delta Air Lines, Inc. was founded in 1924 and is based in Atlanta, Georgia.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Susquehanna Bancshares decreased their target price on Delta Air Lines from $47.00 to $35.00 and set a "positive" rating on the stock in a research report on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft decreased their target price on Delta Air Lines from $55.00 to $47.00 and set a "buy" rating on the stock in a research report on Thursday, July 14th. Bank of America upped their target price on Delta Air Lines from $47.00 to $50.00 in a research report on Thursday, April 14th. Berenberg Bank decreased their target price on Delta Air Lines from $54.00 to $48.50 in a research report on Wednesday, July 20th. Finally, Barclays decreased their target price on Delta Air Lines from $60.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, July 8th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $49.50.
Delta Air Lines Trading Down 1.2 %
NYSE:DAL traded down $0.39 during trading hours on Friday, hitting $32.94. 7,722,925 shares of the company were exchanged, compared to its average volume of 13,845,651. The stock has a market capitalization of $21.12 billion, a price-to-earnings ratio of 35.80 and a beta of 1.20. The company has a current ratio of 0.66, a quick ratio of 0.59 and a debt-to-equity ratio of 6.01. Delta Air Lines has a one year low of $28.09 and a one year high of $46.27. The company has a fifty day simple moving average of $32.50 and a 200 day simple moving average of $37.04.
Delta Air Lines (NYSE:DAL - Get Rating) last announced its earnings results on Wednesday, July 13th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.27). The company had revenue of $13.82 billion for the quarter, compared to the consensus estimate of $13.40 billion. Delta Air Lines had a return on equity of 14.26% and a net margin of 1.43%. The firm's revenue for the quarter was up 93.9% on a year-over-year basis. During the same period in the prior year, the business earned ($1.07) earnings per share. Sell-side analysts expect that Delta Air Lines will post 2.8 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director David S. Taylor bought 10,000 shares of the stock in a transaction that occurred on Thursday, July 14th. The stock was acquired at an average cost of $29.31 per share, with a total value of $293,100.00. Following the transaction, the director now directly owns 43,010 shares in the company, valued at $1,260,623.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Delta Air Lines news, CEO Edward H. Bastian sold 27,664 shares of the stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $39.55, for a total transaction of $1,094,111.20. Following the completion of the sale, the chief executive officer now directly owns 446,712 shares in the company, valued at approximately $17,667,459.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David S. Taylor purchased 10,000 shares of the firm's stock in a transaction on Thursday, July 14th. The shares were acquired at an average price of $29.31 per share, with a total value of $293,100.00. Following the completion of the acquisition, the director now owns 43,010 shares in the company, valued at approximately $1,260,623.10. The disclosure for this purchase can be found here. Insiders sold a total of 48,148 shares of company stock valued at $1,945,960 in the last three months. Insiders own 0.63% of the company's stock.
