Delta Air Lines revenue soars, but profit dented by fuel price, storms

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Airlines are struggling to raise prices, but they keep posting impressive profits by raising money other ways - charging extra for checking a bag or changing a flight, putting their names on credit cards, and hauling cargo. Lowe Brockenbrough & stated it has 0.97% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL) have earned a consensus recommendation of "Buy" from the twenty ratings firms that are covering the company, reports. The advantage of this technique is that it ignores near term flucuations and accounts for the overarching direction of Delta Air Lines's earnings trajectory over time, which may be more relevant for long term investors. FBR Capital maintained the stock with "Mkt Perform" rating in Monday, January 25 report. Finally, Cowen raised their price target on Delta Air Lines from $62.00 to $66.00 and gave the company an "outperform" rating in a research note on Friday, December 15th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. (NYSE:DAL). The Ohio-based Keybank Natl Association Oh has invested 0% in Delta Air Lines, Inc.

Going forward, Delta Air Lines Inc. anticipates second-quarter earnings in a range of $1.80 to $2 per share. The company provided EPS guidance of $1.80-2.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.93.

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In recent years, Delta has increased segmentation of its fares with the addition of Basic Economy seats, the introduction of Premium Economy cabins on global flights and an upgrade of its Delta One business class product on new widebody deliveries. P/E Ratio is for valuing a company that measures its current share price relative to its per-share earnings.

Delta Air Lines (DAL +3.3%) is still seeing the partnership with American Express help to pad its bottom line. The firm had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.89 billion. Delta Air Lines had a return on equity of 26.27% and a net margin of 8.67%. Delta Air Lines's quarterly revenue was up 9.5% on a year-over-year basis. It turned negative, as 54 investors sold DAL shares while 267 reduced holdings. $604,333 worth of Delta Air Lines, Inc. Livingston Group Asset Management CO operating as Southport Capital Management now owns 51,192 shares of the transportation company's stock valued at $2,867,000 after buying an additional 916 shares during the period. (NYSE:DAL) was sold by HAUENSTEIN GLEN W. Another trade for 3,350 shs valued at $200,193 was bought by BLAKE FRANCIS S. Dimensional Fund Advisors LP grew its position in shares of Delta Air Lines by 3.3% in the third quarter. Baker Ellis Asset Management LLC acquired a new position in shares of Delta Air Lines during the 4th quarter valued at about $106,000. As a company's earnings per share being to rise, so does their market value per share. Shares of DAL moved downward with change of -4.83% to its 50-day Moving average. Investors expect the good YTD performance from the stock.

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On 2/2/2018 W Gilbert West, COO, sold 9,000 with an average share price of $56.06 per share and the total transaction amounting to $504,540.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. The shares were bought at an average price of $59.76 per share, for a total transaction of $200,196.00. The disclosure for this sale can be found here. Insiders own 0.37% of the company's stock.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, February 23rd were issued a $0.305 dividend.

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