Delta earnings slip to $1.18 billion

Carla Harmon
October 11, 2017

(NYSE:DAL) has been 7.97 million shares per day over the past 30 days. (NYSE:DAL) news were published by: Seekingalpha.com which released: "Hurricanes, Rising Oil Prices Ahead Of Delta's Earnings" on September 29, 2017, also Marketwatch.com with their article: "Delta Air CEO tells CNBC the new tariff plan on Bombardier jets is "absurd" published on September 27, 2017, Finance.Yahoo.com published: "Delta Air Lines (DAL) Q3 Earnings: Disappointment in Store?" on October 09, 2017. (NYSE:DAL). 26,724 are held by Argent Tru. This ratio has been calculated by dividing the current share price by the book value per share. System capacity is expected to be up approximately 2% on a year over year basis. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Joanne D. Smith sold 3,700 shares of the firm's stock in a transaction on Wednesday, July 19th. The disclosure for this sale can be found here. DAL's financial leverage ratio is 2.67, which indicates that the company's asset base is primarily funded by debt. This is a boost from Delta Air Lines's previous quarterly dividend of $0.20. The stock has $734.33M outstanding shares.

Delta Air Lines, Inc.

Potbelly Corp (PBPB) formed double bottom with $12.08 target or 3.00% below today's $12.45 share price.

While considering EPS estimates of the company, it has next quarter growth estimates of 1.14 whereas during current year it has 5.12 estimations over growth, comparing to the estimations of 5.58 during next year.

Delta said profits dipped to $1.18 billion in the quarter to September 30 from $1.26 billion a year earlier but forecast its keenly watched average passenger revenue would rise by 2% to 4% in the fourth quarter. MUFG Securities EMEA plc now owns 5,307 shares of the transportation company's stock valued at $285,000 after buying an additional 65 shares during the last quarter. Laurel Wealth Advisors Inc. acquired a new position in shares of Delta Air Lines during the 2nd quarter worth about $303,000. Evercore Wealth Management Limited Liability holds 0% or 2,144 shares. Institutional investors and hedge funds own 86.26% of the company's stock. (NYSE:DAL). Cornerstone Advsrs has invested 0% in Delta Air Lines, Inc. The company has market cap of $372.99 million. The stock's 50-day moving average price is $48.35 and its 200 day moving average price is $49.40. Cibc Ww Markets Corporation stated it has 0.06% of its portfolio in Delta Air Lines, Inc.


Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 13th. Its down 0.10, from 1.08 in 2017Q1.

The airline's adjusted operating margin was 16% in the third quarter, in line with its 15.5-16.5% guidance.

In the quarter, the airline said net income came in at US$1.18bn, or US$1.64 a share, up from in the quarter, against US$1.26bn, or US$1.69 a share, in the year-earlier period.

Importantly, Delta said that same figure would rise by between 2 percent and 4 percent in the October-through-December period that includes holiday travel. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is now sitting at 10.

Further, we can see that Delta Air Lines, Inc.


09/22/2017 - Delta Air Lines, Inc. had its "buy" rating reiterated by analysts at Stifel Nicolaus.

Several research firms recently weighed in on DAL.

Earnings: Delta Air Lines' earnings (excluding 7 cents from non-recurring items) of $1.57 per share beat the Zacks Consensus Estimate of $1.54. Delta Air Lines, Inc. Barclays PLC began coverage on shares of Delta Air Lines in a research note on Thursday, August 10th. The company was maintained on Monday, August 14 by Cowen & Co. Cowen & Co maintained the shares of DAL in report on Wednesday, July 6 with "Outperform" rating.

Among 20 analysts covering Delta Air Lines (NYSE:DAL), 19 have Buy rating, 0 Sell and 1 Hold.

August 17 investment analysts at Morgan Stanley left the company rating at "Overweight" but lowered the price target from $62.00 to $59.00.


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