Market Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Declares Quarterly Dividend

[PR Newswire] – ATLANTA, Feb. 3, 2016 /PRNewswire/ — Delta Air Lines’ (NYSE: DAL) Board of Directors today declared a quarterly dividend of $0.135 per share. The dividend is payable to shareholders of record as of the … Read more on this. Delta Air Lines, Inc. (DAL) , currently valued at $33.93B, opened at $43.97. Looking at the stock, its one day range is $42.11 to $44.15 with the price of the stock fluctuating between $34.61 to $52.77 over the last 52 weeks. DAL shares are currently priced at 6.35x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 8.44x forward p/e ratio. And for passive income investors, the company pays shareholders $0.54 per share annually in dividends, yielding 1.22%. In a review of the consensus earnings estimate this quarter, 11 sell-side analysts are looking at $1.33 per share, which would be $0.88 better than the year-ago quarter and a $0.24 sequential increase. Investors should also note that the full-year EPS estimate of $6.87 is a $2.26 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $9.26 Billion. If realized, that would be a 1.38% decrease over the year-ago quarter. Recently, Deutsche Bank upgraded DAL from Hold to Buy (Sep 1, 2015). Previously, Wolfe Research upgraded DAL from Peer Perform to Outperform. When considering if the stock is under or overvalued, the average price target is $66.77, which is 51.85% above where the stock opened this morning. See more in (NYSE:DAL) Similar Articles: Company Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Announces Webcast of December Quarter 2015 Financial Results Company Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Declares Quarterly Dividend Company Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Employees to Build Seven Habitat for Humanity Homes in Six Cities
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