Stock Update (NYSE:DAL): Delta Air Lines to Present at Bank of America Merrill Lynch 2016 Transportation Conference

[PR Newswire] – ATLANTA, May 10, 2016 /PRNewswire/ — Delta Air Lines (NYSE: DAL) will present at the Bank of America Merrill Lynch 2016 Transportation Conference at 8:40 a.m. ET on Tuesday, May 17, 2016. A live webcast … Read more on this. Delta Air Lines, Inc. (DAL) , with a current value of $33.03B, opened at $42.49. Today, shares have traded between $42.41 and $43.04 per share with its 52-week range being $34.61 to $52.77. Priced at 6.42x this year’s forecasted earnings, DAL shares are relatively expensive compared to the industry’s -15.43x forward p/e ratio. The company pays shareholders $0.54 per share in dividend income per year, for a current yield of 1.28%. According to a consensus of 14 analysts, the earnings estimate of $1.85 per share would be $0.58 better than the year-ago quarter and a $0.07 sequential decrease. Investors should also note that the full-year EPS estimate of $6.55 is a $1.94 improvement 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 $10.63 Billion. If realized, that would be a 0.75% 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 is $62.57, which is 47.26% above where the stock opened this morning. See more in (NYSE:DAL) Similar Articles: Stock Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Declares Quarterly Dividend Stock Update: PPG Industries Inc (NYSE:PPG) – Sklarsky of PPG to Present at Bank of America Merrill Lynch 2016 Global Agriculture & Chemicals Conference Company Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Announces Webcast of December Quarter 2015 Financial Results