Company Update (NYSE:DAL): Former Delta Air fuel executive, wife banned from CME markets

June 13, 2016 at 16:08 PM EDT

[Reuters] – CME Group on Monday banned a former Delta Air Lines fuel executive for using accounts owned by his wife to front-run trades subsequently entered in an account controlled by the carrier and for breaking other exchange rules. The futures exchange operator also banned the executive’s wife for taking part in the scheme. The couple, Jon and Ivonne Ruggles, could not immediately be reached for comment. Read more on this. Delta Air Lines, Inc. (DAL) , with a current value of $31.20B, opened at $41.59. Shares have traded today between $40.53 and $41.70 per share and has traded between $34.61 and $52.77 over the past year. DAL shares are currently priced at 6.50x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 6.17x earnings multiple. And for dividend hunters, the company pays shareholders $0.54 per share annually in dividends, yielding 1.28%. According to a consensus of 14 analysts, the earnings estimate of $1.83 per share would be $0.56 better than the year-ago quarter and a $0.09 sequential decrease. The full-year EPS estimate is $6.47, which would be a $1.86 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $10.63 Billion. If reported, 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 by the analysts covering the stock is $61.86, which is 48.74% above where the stock opened this morning. See more in (NYSE:DAL) Similar Articles: Market Update (NYSE:DAL): Running on empty? Fill up in flight with Delta’s Flight Fuel Stock Update: Delta Air Lines Inc (NYSE:DAL) – Delta Comfort+ now available as a fare for flights to Asia and Latin America Company Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Announces Webcast of December Quarter 2015 Financial Results