Today, Imperial Capital lowers the estimated FY2016 for Delta Air Lines Inc. (DAL)

Today, Imperial Capital lowers the estimated FY2016 for Delta Air Lines Inc. (DAL)

Delta Air Lines Inc. (NYSE:DAL) – Investment analysts at Imperial Capital cut their FY2016 EPS estimates for shares of Delta Air Lines in a report issued on Friday. Imperial Capital analyst M. Derchin now anticipates that the brokerage will post earnings of $5.67 per share for the year, down from their previous estimate of $5.75. Imperial Capital has a “In-Line” rating and a $44.00 price target on the stock. Imperial Capital also issued estimates for Delta Air Lines’ Q4 2016 earnings at $1.18 EPS, Q1 2017 earnings at $0.95 EPS, Q2 2017 earnings at $1.67 EPS, Q3 2017 earnings at $1.53 EPS, FY2017 earnings at $5.25 EPS, FY2018 earnings at $5.75 EPS and FY2019 earnings at $2.30 EPS.

DAL has been the subject of a number of other reports. Bank of America Corp. set a $60.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Tuesday, October 4th. JPMorgan Chase & Co. reduced their price target on shares of Delta Air Lines from $63.00 to $48.50 and set an “overweight” rating for the company in a report on Wednesday, July 27th. Credit Suisse Group AG restated a “buy” rating and issued a $52.00 price target on shares of Delta Air Lines in a report on Tuesday, September 13th. Zacks Investment Research upgraded shares of Delta Air Lines from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 6th. Finally, Buckingham Research set a $54.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Wednesday, October 5th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Delta Air Lines currently has a consensus rating of “Buy” and an average target price of $52.46.

Shares of Delta Air Lines (NYSE:DAL) opened at 39.35 on Monday. Delta Air Lines has a one year low of $32.60 and a one year high of $52.77. The stock has a 50 day moving average of $38.47 and a 200-day moving average of $40.14. The company has a market capitalization of $29.83 billion, a PE ratio of 6.41 and a beta of 0.95.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, October 13th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.05. The company had revenue of $10.48 billion for the quarter. Delta Air Lines had a net margin of 11.92% and a return on equity of 37.39%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.74 earnings per share.

Institutional investors have recently modified their holdings of the stock. Public Employees Retirement Association of Colorado boosted its position in shares of Delta Air Lines by 30.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 1,217,335 shares of the company’s stock valued at $44,348,000 after buying an additional 281,253 shares in the last quarter. Anchor Bolt Capital LP boosted its position in shares of Delta Air Lines by 11.6% in the first quarter. Anchor Bolt Capital LP now owns 3,508,770 shares of the company’s stock valued at $170,807,000 after buying an additional 365,249 shares in the last quarter. Strs Ohio boosted its position in shares of Delta Air Lines by 38.8% in the second quarter. Strs Ohio now owns 1,975,080 shares of the company’s stock valued at $71,952,000 after buying an additional 551,720 shares in the last quarter. Goldentree Asset Management LP boosted its position in shares of Delta Air Lines by 29.5% in the first quarter. Goldentree Asset Management LP now owns 468,465 shares of the company’s stock valued at $22,805,000 after buying an additional 106,645 shares in the last quarter. Finally, First Pacific Advisors LLC boosted its position in shares of Delta Air Lines by 45.7% in the second quarter. First Pacific Advisors LLC now owns 117,800 shares of the company’s stock valued at $4,291,000 after buying an additional 36,950 shares in the last quarter. 84.49% of the stock is owned by institutional investors.

In other news, EVP Steven M. Sear sold 4,670 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $37.18, for a total value of $173,630.60. Following the sale, the executive vice president now owns 52,173 shares of the company’s stock, valued at $1,939,792.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director George N. Mattson purchased 10,000 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was acquired at an average cost of $36.50 per share, for a total transaction of $365,000.00. Following the transaction, the director now owns 54,750 shares of the company’s stock, valued at $1,998,375. The disclosure for this purchase can be found here. 0.75% of the stock is currently owned by insiders.

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