Delta Air Lines (NYSE: DAL) is expected to report $3.94 billion in sales for the ongoing quarter by the brokerages of Wall Street on 15th April, Thursday. The airline firm has the lowest estimate of $3.69 billion and the highest of $4.21 billion. The company had issued $8.59 billion in sales in this quarter previous year, indicating a 54.1% negative annualized growth rate.
On Tuesday, the company started from $48.82 with the market cap being $31.15 billion. Their lowest in 12 months is $17.51 while the highest is $52.28. Their current, quick, and leverage ratio is 1.27, 1.23, and 8.88, respectively. Their 50 day rolling average is $48.41 while the 200 day is $40.39.
According to their 13th January report, the quarterly EPS was $2.53, missing the $2.50 consensus estimate by almost $0.03. They had a 42.88% net negative margin with a 39.69% negative equity return. The Delta Stock revenue was $3.97 billion, missing the $3.59 billion estimate.
Market Undertakings Of DAL Stock
Susquehanna Bancshares lifted the price objective of DAL shares to $45 from $42 and demoted the rating to ‘neutral’ from ‘positive’. Goldman Sachs raised it to $47 from $35 and gave a rating of ‘neutral’. Cowen increased it to $53 from $44 and gave a rating of ‘market perform’. Evercore upped it to $55f from $51 and gave a rating of ‘overweight’. Zacks upgraded it to ‘hold’ from ‘sell’ and assigned it $45. The company has the consensus ‘hold’ recommendation with a $47.10 price objective.
Glen Hauenstein, President, sold off 60,586 DAL shares at $43.46 EPS worth $2,633,067.56. 0.63% Delta stock is owned by insiders.
Luxor Capital purchased new holdings in DAL stock and own $4,773,000 worth of shares. Renaissance technologies bought a new stake, owning $40,178,000 worth of shares. Kwmg raised their position by approximately 0.4%, owning shares priced at $3,546,000. Institutional investors own 59.48% of Delta Airlines stock.