Delta Air Lines (DAL) Announces Quarterly Earnings Results, Misses Expectations By $-0.01 EPS

Delta Air Lines (DAL) announced its quarterly earnings results on Tuesday, Jan-19-2016. The company reported $1.18 Earnings Per Share for the quarter, missing the analyst consensus estimate by $-0.01. Analyst had a consensus of $1.19 EPS. The company had revenue of $9502.00 million for the quarter, compared to analysts expectations of $9623.51 million.The company’s revenue was down -1.5% compared to the same quarter last year. During the same quarter in the previous year, Delta Air Lines posted $0.78 EPS.

Delta Air Lines, Inc. is up 11.92% in the last 3-month period. Year-to-Date the stock performance stands at 4.05%.The company shares have rallied 4.05% from its 1 Year high price. On Dec 17, 2015, the shares registered one year high at $52.77 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $49.68 and the 200 Day Moving Average price is recorded at $46.68.

Delta Air Lines, Inc. (NYSE:DAL) has dropped 3% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 1.83% in the last 4 weeks. The shares have underperformed the S&P 500 by 2.2% during the past week but Delta Air Lines, Inc. (NYSE:DAL) has outperformed the index in 4 weeks by 4.21%.

Shares of Delta Air Lines, Inc. (NYSE:DAL) ended Thursday session in red amid volatile trading. The shares closed down 0.48 points or 0.94% at $50.69 with 5,911,392 shares getting traded. Post opening the session at $51, the shares hit an intraday low of $50.35 and an intraday high of $51.08 and the price vacillated in this range throughout the day. The company has a market cap of $39,866 million and the number of outstanding shares have been calculated to be 786,473,620 shares. The 52-week high of Delta Air Lines, Inc. (NYSE:DAL) is $52.77 and the 52-week low is $34.61.

Currently the company Insiders own 0.88% of Delta Air Lines, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -11.68% . Institutional Investors own 86.39% of Delta Air Lines, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -15.64%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Jacobson Paul A, officer (EVP & CFO) of Delta Air Lines Inc /De/, had unloaded 7,000 shares at an average price of $51.74 in a transaction dated on December 23, 2015. The total value of the transaction was worth $362,180.

Delta Air Lines, Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Companys route network gives it a presence in every domestic and international market. Deltas route network is centered around the hub system it operate at airports in Amsterdam, Atlanta, Cincinnati, Detroit, Memphis, Minneapolis-St. Paul, New York-JFK, Paris-Charles de Gaulle, Salt Lake City and Tokyo-Narita. Each of these hub operations includes flights that gather and distribute traffic from markets in the geographic region surrounding the hub to domestic and international cities and to other hubs. The Companys network is supported by a fleet of aircraft that is varied in terms of size and capabilities. In June 2013, Delta Air Lines Inc acquired a 49% stake in Virgin Atlantic Airways Ltd.