Delta Air Lines (DAL) Issues Earnings Results, Beats Estimates By $0.09 EPS

Andrew Cummings
January 13, 2018

The ratio is determined by dividing a company's current share price by its earnings per share. Trading volume for Delta Air Lines, Inc. was 11.8 Million in its previous trading session. About 12.32 million shares traded or 85.11% up from the average. BJ's Restaurants, Inc. (NASDAQ:BJRI) has risen 9.69% since January 11, 2017 and is uptrending. It has outperformed by 8.36% the S&P500.

AJC Business reporter Kelly Yamanouchi keeps you updated on the latest news about Hartsfield-Jackson International Airport, Delta Air Lines and the airline industry in metro Atlanta and beyond. Shares for $1.07M were sold by CRANSTON MARY B on Thursday, August 17.

Delta Air Lines is reporting fourth-quarter profit of $US572 million ($A801 million), easily beating expectations. The stock increased 3.72% or $1.97 during the last trading session, reaching $54.97. About 191,255 shares traded or 66.86% up from the average. Delta Air Lines, Inc. (NYSE:DAL) has risen 11.83% since January 11, 2017 and is uptrending. It has underperformed by 4.87% the S&P500. Sear Steven M sold $365,628 worth of stock or 6,898 shares. The firm's revenue was up 5.5% on a year-over-year basis. research analysts predict that Delta Air Lines will post 4.89 EPS for the current year. A 18 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of DAL or, if they already own its stock, sell it. Therefore 25% are positive. Finally, Vetr downgraded shares of Delta Air Lines from a "sell" rating to a "strong sell" rating and set a $45.16 price objective for the a research note on Wednesday, November 29th. (NYSE:DAL). Cetera Advisor Ltd Liability Corporation reported 0.06% in Delta Air Lines, Inc. The rating was maintained by Stifel Nicolaus with "Buy" on Wednesday, July 5. As per Wednesday, January 13, the company rating was maintained by Argus Research. As it upholds an amended rate with more EPSGR it is prone to be a good target. Citigroup initiated the stock with "Buy" rating in Friday, November 18 report. The stock of Tenaris S.A. (NYSE:TS) has "Hold" rating given on Friday, July 7 by Cowen & Co. Kemnay Advisory Inc has invested 0.35% in Delta Air Lines, Inc. (NYSE:DAL) and United Continental Holdings, Inc.

Excluding profit sharing, 2017 CASM-Ex increased 4.7 percent driven by targeted investments in Delta's employees, fleet, and product. Its down 0.13, from 1.13 in 2017Q2.

Shares of Delta Air Lines (NYSE DAL) opened at $58.52 on Friday. Shares are clocking price at $55.86 with change of 3.12%. Md Sass Svcs Incorporated invested 3.73% in Delta Air Lines, Inc. (NYSE:DAL). Afam accumulated 0.62% or 105,788 shares. For the long-term approach of trading or also can for short period of time, 200 days MA can also help to get idea about trading, DAL has 10.81% which indicates Bullish trends and this can also make isolating trends easier. Comml Bank Of Nova Scotia holds 0.04% in Delta Air Lines, Inc. (NYSE:DAL) or 4,728 shares. It also upped Ra Pharmaceuticals Inc stake by 150,000 shares and now owns 235,000 shares. 67,160 were accumulated by Advantus Capital. Ws Mngmt Lllp reported 378,900 shares or 0.46% of all its holdings. Wealthfront holds 0.01% or 21,213 shares in its portfolio. Its down 2.64% from 28.32M shares previously.

Investors sentiment decreased to 1.16 in 2017 Q3. Its up 0.17, from 0.98 in 2017Q2.

However, investors have found other sources of optimism. driving the U.S. market to its highest-ever levels. Credit Capital Invs Ltd holds 0.32% or 6,000 shares. Bluecrest Cap Limited invested in 7,204 shares. (NASDAQ:BJRI) for 3,697 shares. Bank Of America De has invested 0% in Universal Technical Institute, Inc. (NASDAQ:PFPT) for 348,529 shares. Pictet Asset Management invested 0.15% of its portfolio in Proofpoint, Inc.

Want to see what other hedge funds are holding DAL? Convergence Investment Partners Lc has invested 0.55% in Applied Materials, Inc. Gideon Capital, a New York-based fund reported 14,490 shares. (NASDAQ:BJRI) to report earnings on February, 22. 12,170 are held by Jane Street Lc.

Other reports by iNewsToday