Tuesday, 24 April, 2018

Delta Air Lines' revenue soars, but profit burdened by fuel, storms

Delta 1Q results top Street as passenger cargo revenue rise Delta Air Lines Inc (NYSE:DAL): Are Analysts Bullish?
| 13 April, 2018, 06:54

In Thursday, April 5 report Stifel Nicolaus maintained it with "Buy" rating and $10000 target. Cowen & Co maintained the stock with "Buy" rating in Monday, July 10 report. Delta Air Lines has an average rating of Buy and a consensus price target of $67.63. One analyst has rated the stock with a sell rating, one has issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Its shares touched $52.02 on during the last trading session after 0.65% change.Currently Delta Air Lines, Inc.is uptrending after 17.70% change in last April 11, 2017. On Friday, December 15 $1.76M worth of Delta Air Lines, Inc. Insiders sold 164,250 shares of company stock worth $9,618,000 in the last quarter. The stock has a market cap of $37,013.98, a PE ratio of 10.44 and a beta of 1.08.

In recent years, Delta has increased segmentation of its fares with the addition of Basic Economy seats, the introduction of Premium Economy cabins on global flights and an upgrade of its Delta One business class product on new widebody deliveries. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.42 and a quick ratio of 0.35. (NYSE:DAL). Carret Asset Mngmt Ltd Com has invested 0.15% in Delta Air Lines, Inc. The company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. Revenue climbed 9.5 percent, to $9.97 billion, also beating analysts' expectations.

Baggage tags are seen near a counter of Delta Air Lines in Mexico City, Mexico, August 8, 2016.

Said CEO Ed Bastian "The Delta people delivered a strong March quarter, and our record revenue was a direct result of the great service and operational reliability they provided for our customers". It is negative, as 54 investors sold DAL shares while 267 reduced holdings. Nwq Investment Management Company Llc bought 121,062 shares as the company's stock declined 3.16% with the market. Global Trust Asset Management LLC purchased a new position in Delta Air Lines in the fourth quarter valued at about $185,000. Another trade for 3,350 shares valued at $200,193 was bought by BLAKE FRANCIS S. Dimensional Fund Advisors LP grew its position in shares of Delta Air Lines by 3.3% in the third quarter. Laurel Wealth Advisors Inc. now owns 7,300 shares of the transportation company's stock valued at $408,000 after buying an additional 999 shares during the period. After going under observation of traders 9.26 million shares traded at hands. (NYSE:DAL). Pinebridge Invests Limited Partnership owns 27,633 shs. To cut down amount of noise on price chart, shares of firm has 20 days moving average price of -5.78% from last close price of 51.47 and act as support or resistance of price limit. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Smith Joanne D sold $50,511 worth of stock. The shares were sold at an average price of $60.20, for a total transaction of $2,971,592.40. The disclosure for this purchase can be found here.


If we look at the past company's performance moves, then it recent movement are telling different stories about price movement in different time period.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 16th. This represents a $1.22 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Thursday, February 22nd. Two Sigma Limited Liability Corporation stated it has 0.02% in Delta Air Lines, Inc. Renaissance has invested 0.09% of its portfolio in Delta Air Lines, Inc. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of USA & global trademark & copyright laws.

On 2/10/2017 NYSE:DAL - Delta Air Lines announced a quarterly dividend of $0.20 1.62% with an ex dividend date of 2/22/2017 which will be payable on 3/17/2017.

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