Delta's profit dips 8 percent but tops Street's expectations

Delta Air Lines

Delta Air Lines (DAL) Upgraded by Vetr to Sell

A number of other analysts have also commented on DAL.

Chevron rose 3.2 percent and Exxon 1.5 percent, helping the S&P energy index gain 2.24 percent and putting it on track for its best percentage gain in more than seven months. Arosa Capital Management Lp sold 299,504 shares as the company's stock declined 3.74% while stock markets rallied. Delta Air Lines had 67 analyst reports since August 3, 2015 according to SRatingsIntel. Quantbot Technologies LP now owns 81,836 shares of the company's stock valued at $2,981,000 after buying an additional 16,097 shares during the period. Delta Air Lines, Inc. has a quick ratio of 0.4 measuring its ability to meet its short term obligations with its most liquid assets. The rating was upgraded by Canaccord Genuity on Friday, July 14 to "Buy". General Electric Co. raised its stake in Delta Air Lines by 7.2% in the second quarter. Tower Research Cap Ltd Company (Trc) accumulated 2,673 shares. A 4 analysts rate it as either a buy or a strong buy, while 7 believe that investors should either steer clear of (NYSE:CHK) or, if they already own its stock, sell it. We all know that when it comes to solving the questions posed by the stock market, there are no simple answers, especially when those questions involve uncertain investing climate. (NYSE:DAL) rating on Thursday, September 28. The trading of the day started with the price of the stock at $57.1. The stock has a market cap of 41.9 Billion.

Delta Air Lines (DAL) on Thursday reported fourth-quarter earnings that easily topped views and dramatically raised its 2018 profit guidance, noting robust demand and improving business fares. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.53 by $0.04. Imperial Capital maintained Delta Air Lines, Inc. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion.

The events combined to cancel 2,900 flights for the airline that prided itself on avoiding a mainline cancellation for 242 days previous year and for 90 of those days without a cancellation among its regional airline partners. The company's revenue was up 8.3% on a year-over-year basis. sell-side analysts anticipate that Delta Air Lines, Inc. will post 4.89 EPS for the current fiscal year. According to the Analysts, the Low Earnings estimate for the current quarter is $0.53, while the High earnings estimate is $0.78.Comparatively, EPS for the same quarter past year was $0.47. (NYSE:DAL) has "Buy" rating given on Monday, August 3 by UBS.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. Blackrock holds 0.09% in Delta Air Lines, Inc. Susquehanna has "Buy" rating and $148.0 target. Cowen & Co maintained the shares of DAL in report on Friday, December 9 with "Outperform" rating. The company now has an average rating of "Buy" and a consensus price target of $65.53.

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. HAUENSTEIN GLEN W had sold 31,600 shares worth $1.76M. Following the completion of the transaction, the executive vice president now directly owns 72,393 shares in the company, valued at $4,090,204.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Rothschild Investment Corp sold 18,550 shares as Bjs Restaurants Inc Com (BJRI)'s stock rose 25.34%. The stock is now moving above its 20-Day Simple Moving Average of 0.57% with a 50-Day Simple Moving Average of 6.13 percent. A dropping P/E is an indication that the company is out of favor with investors. The disclosure for this sale can be found here. The stock of Delta Air Lines, Inc. The firm operates through two divisions, Airline and Refinery.

The outage cost the airline $40 million and the storm cost $20 million, CEO Ed Bastian told investors and reporters Thursday on an earnings call. It increased, as 69 investors sold DAL shares while 247 reduced holdings.

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