Delta Air cuts forecast for key revenue metric

Reuters

Reuters

Some buy side analysts are also providing their Analysis on Delta Air Lines, Inc., where 8 analysts have rated the stock as Strong buy, 6 analysts have given a Buy signal, 2 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. The legal version of this piece can be accessed at https://www.com-unik.info/2017/04/07/fy2019-earnings-forecast-for-delta-air-lines-inc-issued-by-imperial-capital-dal.html.

TRADEMARK VIOLATION WARNING: "Short Interest in Delta Air Lines, Inc. Issued By Imperial Capital (DAL)" was first reported by Community Financial News and is the sole property of of Community Financial News. Based on an average daily trading volume, of 6,494,540 shares, the days-to-cover ratio is presently 2.0 days. Previous guidance had been between 11% and 13%, but Delta cut the guidance last month, citing higher fuel costs. (DAL) has a market capitalization of 32.82 Billion. BlackRock Advisors LLC now owns 4,313,257 shares of the company's stock worth $169,770,000 after buying an additional 1,645,283 shares in the last quarter.

Delta Air Lines, Inc. holds a dividend yield of 1.75%, and depicts the price/earnings ratio (P/E) to be 8.02. Fishman Jay A Ltd. MI now owns 22,978 shares of the company's stock valued at $904,000 after buying an additional 78 shares during the period.

In March, No. 1 USA airline American Airlines Group Inc AAL.O cut its unit revenue forecast for the first quarter, mainly because it canceled fewer flights than the year before. Passenger traffic rose 2.3% during the month, and capacity grew 1%. Virtus Investment Advisers Inc. purchased a new position in Delta Air Lines during the third quarter valued at $318,000. (NYSE:DAL) shares with value of $5.23 million were sold by Bastian Edward H. The stock is a Buy among 13 brokerage firms polled by Factset Research.

Institutional investors have recently added to or reduced their stakes in the stock. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of USA and worldwide copyright & trademark legislation. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -3.24% where SMA50 and SMA200 are -6.58% and 3.94% respectively.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, January 12th.

The company is expected to report earnings of $0.74 a share for the next quarter.

The airline had previously expected first-quarter passenger unit revenue to be almost flat. Delta Air Lines, Inc. shows a total market cap of $ 34449.57, and a gross margin of 60.90% while the profit margin showing 11.00%. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. Finally, Liberty Capital Management Inc. boosted its position in Delta Air Lines by 5.3% in the first quarter.

In related news, CFO Paul A. Jacobson sold 20,100 shares of the business's stock in a transaction on Friday, March 3rd. Following the transaction, the chief financial officer now owns 323,819 shares of the company's stock, valued at approximately $15,323,115.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Stockholders of record on Friday, February 24th were given a $0.2025 dividend. The disclosure for this purchase can be found here. The ex-dividend date was Wednesday, February 22nd. Meanwhile, due to an ongoing pressure which caused a decline of nearly -38.1% in the past five days, the stock price is now down -71.11% so far on the year - still in weak territory. The SI to Delta Air Lines Incorporated's float is 1.58%.

103,000 Delta Air Lines, Inc. The higher the return on equity, the better job a company is at optimizing the investment made on shareholders' behalf.

Latest News