Earnings results for Delta Air Lines (NYSE:DAL)
Delta Air Lines, Inc. is expected* to report earnings on 10/13/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 13 analysts’ forecasts, the consensus EPS forecast for the quarter is $-3.1. The reported EPS for the same quarter last year was $2.32.
Delta Air Lines last announced its quarterly earnings data on July 14th, 2020. The transportation company reported ($4.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.24) by $0.19. The business earned $1.47 billion during the quarter, compared to the consensus estimate of $1.40 billion. Its revenue for the quarter was down 88.3% on a year-over-year basis. Delta Air Lines has generated $7.31 earnings per share over the last year. Delta Air Lines has confirmed that its next quarterly earnings report will be published on Tuesday, October 13th, 2020.
Analyst Opinion on Delta Air Lines (NYSE:DAL)
17 Wall Street analysts have issued ratings and price targets for Delta Air Lines in the last 12 months. Their average twelve-month price target is $45.94, predicting that the stock has a possible upside of 40.75%. The high price target for DAL is $76.00 and the low price target for DAL is $30.00. There are currently 10 hold ratings and 7 buy ratings for the stock, resulting in a consensus rating of “Hold.”
Delta Air Lines has received a consensus rating of Hold. The company’s average rating score is 2.41, and is based on 7 buy ratings, 10 hold ratings, and no sell ratings. According to analysts’ consensus price target of $45.94, Delta Air Lines has a forecasted upside of 40.8% from its current price of $32.64. Delta Air Lines has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Dividend Strength: Delta Air Lines (NYSE:DAL)
Delta Air Lines does not currently pay a dividend. Delta Air Lines does not have a long track record of dividend growth.
Insiders buying/selling: Delta Air Lines (NYSE:DAL)
In the past three months, Delta Air Lines insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,723,900.00 in company stock. Only 0.63% of the stock of Delta Air Lines is held by insiders. 58.31% of the stock of Delta Air Lines is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Delta Air Lines (NYSE:DAL
Earnings for Delta Air Lines are expected to grow in the coming year, from ($9.80) to $0.42 per share. The P/E ratio of Delta Air Lines is -5.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Delta Air Lines is -5.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Delta Air Lines has a P/B Ratio of 1.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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