Delta Air Lines, Inc. (DAL) To Go Ex-Dividend on February 27th

Delta Air Lines, Inc. (NYSE:DAL) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Thursday, February 27th will be paid a dividend of 0.15 per share by the transportation company on Thursday, March 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, February 27th.

Delta Air Lines has a dividend payout ratio of 7.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Delta Air Lines to earn $8.23 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 7.3%.

Delta Air Lines Stock Up 0.3 %

Shares of NYSE DAL opened at $68.14 on Friday. Delta Air Lines has a 52-week low of $37.29 and a 52-week high of $69.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The company’s 50 day moving average price is $63.93 and its 200-day moving average price is $54.60. The company has a market capitalization of $43.97 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 0.78 and a beta of 1.36.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.76 by $0.09. The company had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.28 EPS. Equities analysts forecast that Delta Air Lines will post 7.67 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on DAL shares. StockNews.com downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Wednesday. TD Cowen lifted their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Barclays increased their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Jefferies Financial Group lifted their target price on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $78.22.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the transaction, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $30,721,357.15. The trade was a 17.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 124,863 shares of company stock valued at $8,649,150. Insiders own 0.96% of the company’s stock.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.