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

[PR Newswire] – ATLANTA, April 27, 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 … Read more on this. Delta Air Lines, Inc. (DAL) , with a current value of $33.62B, opened at $43.75. During the trading session, DAL traded between $43.28 to $44.24 and has traded between $34.61 and $52.77 over the past 12 months. DAL shares are currently priced at 6.64x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -17.40x forward p/e ratio. And for dividend hunters, the company pays shareholders $0.54 per share annually in dividends, yielding 1.21%. According to a consensus of 14 analysts, the earnings estimate of $1.87 per share would be $0.60 better than the year-ago quarter and a $0.07 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $6.62 is a $2.01 improvement 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 the stock is $63.21, which is 44.48% above where the stock opened this morning. See more in (NYSE:DAL) Similar Articles: Stock Update: Delta Air Lines Inc (NYSE:DAL) – Delta customers among fatalities in Brussels 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