Market Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines and CLEAR Partner to Improve Airport Experience

[PR Newswire] – NEW YORK, April 29, 2016 /PRNewswire/ — Delta Air Lines (DAL) and CLEAR are partnering to bring CLEAR’s expedited security experience to more major airports across the country, ultimately reducing the time spent by customers in security lines. Delta will provide CLEAR’s biometric service to its U.S. Diamond Medallion members free of charge and all U.S. Delta SkyMiles members will have access to preferential pricing. “Our customers tell us their time is valuable, as is having a consistent, enjoyable airport experience with reduced hassle,” said Ed Bastian, Delta’s incoming CEO. “Delta fully appreciates the benefits and breadth of CLEAR’s secure identity platform, and they have a long-established reputation for passenger-centric innovation. Read more on this. Delta Air Lines, Inc. (DAL) , with a current market cap of $32.41B, began trading this morning at $42.55. During today’s session, DAL traded between $42.06 to $42.71 with its 52-week range being $34.61 to $52.77. Priced at 6.51x this year’s forecasted earnings, DAL shares are relatively expensive compared to the industry’s -15.43x forward p/e ratio. And for income investors, the company pays shareholders $0.54 per share annually in dividends, yielding 1.24%. In a review of the consensus earnings estimate this quarter, 14 sell-side analysts are looking at $1.85 per share, which would be $0.58 better than the year-ago quarter and a $0.08 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $6.58 would be a $1.97 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $10.62 Billion. If reported, that would be a 0.84% decrease over the year-ago quarter. More recently, Deutsche Bank downgraded DAL from Buy to Hold (Apr 1, 2016). Previously, Deutsche Bank upgraded DAL from Hold to Buy. The average price target for DAL shares by the analysts covering it is $62.79, which is 47.57% above where the stock opened. See more in (NYSE:DAL) Similar Articles: Stock Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Declares Quarterly Dividend Market Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Declares Quarterly Dividend Company Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Announces Webcast of December Quarter 2015 Financial Results
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