Delta Air Lines, Inc. 2Q 2017 Earnings: Shares Fall After EPS Miss

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Delta Air Lines, Inc. 2Q 2017 Earnings: Shares Fall After EPS Miss

(DAL) opened at 55.46 on Monday.

Shah Capital Management who had been investing in Ja Solar Holdings Co Ltd for a number of months, seems to be bullish on the $290.80 million market cap company. Vetr downgraded shares of Delta Air Lines from a "strong-buy" rating to a "buy" rating and set a $52.43 price objective on the stock.in a report on Tuesday, May 2nd. Citigroup Inc. upped their price objective on shares of Delta Air Lines from $63.00 to $65.00 and gave the company a "buy" rating in a report on Friday, May 12th. Now the P/E of Delta Air Lines, Inc. They now have a Dollars 54 price target on the stock. Cowen and Company reissued a "buy" rating and issued a $58.00 price target on shares of Delta Air Lines in a research report on Tuesday. 6,736,909 shares of the stock were exchanged.

04/04/2017 - Delta Air Lines, Inc. had its "outperform" rating reiterated by analysts at Evercore ISI.

Delta Air Lines, Inc.'s P/E ratio is 10.02 and the market cap of the company is 39.55B.

Support for the stock is in place at $121.50 from the rising 50-day. Today, you can download 7 Best Stocks for the Next 30 Days. (DAL) has the trading volume of 11.97 Million shares with the average trading volume of 6910 shares.

Delta Air Lines (DAL) reported second-quarter earnings on Thursday. The hedge fund run by Himanshu H. Shah held 1.14M shares of the 2007 company at the end of 2016Q4, valued at $5.44M, up from 476,900 at the end of the previous reported quarter. Delta Air Lines had a net margin of 10.19% and a return on equity of 28.67%. Equities research analysts expect that Delta Air Lines, Inc. will post $5.12 earnings per share for the current year. Next quarter's EPS is forecasted to be $1.76 with next year's EPS anticipated to be $6.12.

02/06/2017 - Delta Air Lines, Inc. was upgraded to "outperform" by analysts at Sanford C. Bernstein. Ibm Retirement Fund owns 0.16% invested in Delta Air Lines, Inc. (NYSE:DAL) shares. West W Gilbert sold $800,155 worth of stock. The stock was sold at an average price of $49.32, for a total value of $220,707.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

The stock Hit its 1-year high of $55.75 on 07/10/17 and its 1-year low price of $35.84 on 08/15/16. Thanks to a rise of nearly 1.23% in the past five days, the stock price is now up 26.68% so far on the year - still in strong territory. Following the completion of the sale, the chief executive officer now directly owns 285,508 shares of the company's stock, valued at $13,861,413.40. The disclosure for this purchase can be found here. Goldentree Asset Management Lp bought 177,005 shares as the company's stock declined 5.91% while stock markets rallied. On the upside, the stock has made highs in the $55.50 to $55.75 range on three occasions (July 7, July 10 and July 12), with its intra-day high at $55.75 reached on July 10.

10/05/2016 - Delta Air Lines, Inc. had its "buy" rating reiterated by analysts at Buckingham Research. (NYSE:DAL) news were published by: Nasdaq.com which released: "BUZZ-US STOCKS ON THE MOVE-Yandex, Delta Air Lines, Target, Teva" on July 13, 2017, also Seekingalpha.com with their article: "Delta Airlines Earnings Beat Or Miss?" published on July 12, 2017, Businessinsider.com published: "Delta's profit tumbles" on July 13, 2017.

Among 36 analysts covering Halliburton Company (NYSE:HAL), 31 have Buy rating, 0 Sell and 5 Hold. Peak6 Ltd Partnership invested 0.14% in Delta Air Lines, Inc.

The Atlanta-based airline reported Q2 earnings per share (EPS) of $1.64, which was $0.02 worse than the Wall Street consensus estimate of $1.66. Delta Air Lines, Inc. Independent Advisor Alliance now owns 8,254 shares of the transportation company's stock valued at $372,000 after buying an additional 64 shares in the last quarter.

Analysts have provided guidance on Delta Air Lines, Inc. of late. Nordea Investment Management AB now owns 2,478,620 shares of the transportation company's stock worth $113,917,000 after buying an additional 762,881 shares in the last quarter. State Board Of Administration Of Florida Retirement Sys has invested 0.17% of its portfolio in Delta Air Lines, Inc. The Company's divisions include Airline and Refinery.

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