Delta Stock Soars 4.4% on Q4 Earnings Beat

14 January, 2018, 12:48 | Author: Terri Saunders
  • A Delta A350 plane

On an adjusted basis, Delta earned 96 cents per share. The stock price volatility for last week at the close of regular trading was 1.95%, pushing the figure for the whole month to now reaching 2.79%. We have a line of sight to achieving our cost goal, and expect our March quarter to be the peak of our non-fuel expense growth as we lap investments in our business and higher levels of depreciation, and the savings from our fleet and efficiency initiatives begin ramping up as we move through the year. Tocqueville Asset Mgmt LP owns 0.34% invested in Visa Inc. TIAA CREF Investment Management LLC increased its position in Delta Air Lines by 77.6% during the 2nd quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company's stock valued at $146,000 after buying an additional 220 shares during the period. Alyeska Investment Group L.P. increased its stake in Delta Air Lines by 35.8% in the third quarter. Approximately 1.9% of the company's stock are sold short. Commerzbank Aktiengesellschaft FI raised its stake in Delta Air Lines by 0.9% in the second quarter. The company presently has a consensus rating of "Buy" and a consensus target price of $65.41. Hussman Strategic Advisors Inc acquired 26,600 shares as Delta Air Lines Inc Del (DAL)'s stock declined 5.91%. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Of the 18 analysts surveyed by Reuters that track DAL 0 of them rate its stock a hold. The stock was sold at an average price of $52.79, for a total transaction of $1,055,800.00. The stock decreased 0.16% or $0.05 during the last trading session, reaching $31.8. 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.

News coverage about Delta Air Lines (NYSE:DAL) has trended somewhat positive recently, according to Accern Sentiment Analysis. Cowen lowered their price target on shares of Delta Air Lines from $60.00 to $58.00 and set an "outperform" rating on the stock in a research report on Thursday, September 28th. (NYSE:DAL) received a Buy rating from 6 analysts. (NYSE:DAL) earned "Buy" rating by Citigroup on Friday, November 18.

Among 4 analysts covering MakeMyTrip (NASDAQ:MMYT), 1 have Buy rating, 0 Sell and 3 Hold.

The Stock now has Analyst' mean Recommendation of 0 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell.

At 12:20 p.m. ET (1720 GMT), the Dow Jones Industrial Average was up 119.54 points, or 0.47 percent, at 25,488.67 and the S&P 500 was up 10.06 points, or 0.37 percent, at 2,758.29. Moreover, Focused Wealth Incorporated has 0.15% invested in Delta Air Lines, Inc. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.43 and a quick ratio of 0.36. The company has a market capitalization of $34.68 billion, a PE ratio of 8.18 and a beta of 0.76.

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Delta Air Lines, Inc. has a 52-week low of $32.60 and a 52-week high of $52.76. (NYSE:DAL) on Wednesday, January 10 with "Buy" rating. The institutional investor held 557,868 shares of the transportation services company at the end of 2017Q3, valued at $16.04M, up from 472,500 at the end of the previous reported quarter.

"Delta people rose to the challenges of 2017 to produce solid financial results, industry leading operational reliability and strong improvements in customer satisfaction, and it's an honour to recognise their achievements with $1.1 billion in profit sharing", said Ed Bastian, Delta chief executive officer. Waddell And Reed Financial invested 0.01% of its portfolio in Delta Air Lines, Inc. Delta Air Lines, Inc. earnings have risen with an annualized rate of 41.8% over the last 5 years.

Shares of Delta Air Lines, Inc.

The Navellier Proprietary Quantitative Score is used by Portfolio Grader to measure DAL's shares from the perspective of risk/reward. If you are reading this story on another publication, it was illegally copied and reposted in violation of USA and worldwide copyright & trademark law. This implies that it is easier for DAL to cover its immediate obligations over the next 12 months than CERC.

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