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Delta Air Lines, Inc. Stock Pops on Q4 Earnings Beat

Delta Air Lines, Inc. Stock Pops on Q4 Earnings Beat

Approximately 1.9% of the company's stock are sold short. Delta points out that the decline in fourth-quarter unit cost was driven by the impact of Delta's pilot agreement ratified in the fourth quarter of 2016, which resulted in $475 million of expenses in that period.

On an adjusted basis, Delta earned 96 cents per share. (NYSE:DAL) news were published by: Fool.com which released: "Delta Air Lines, Inc". The company is expecting earnings per share for the quarter to range from 60 cents to 80 cents. TIAA CREF Investment Management LLC increased its position in Delta Air Lines by 77.6% during the 2nd quarter.

Grace & White Inc bought 225,564 shares as the company's stock rose 7.17% with the market. Insiders have sold 249,197 shares of company stock worth $13,797,192 over the last ninety days.

CFRA Research analyst Jim Corridore said Delta was able to boost revenue more than expected, and strong demand should help offset higher oil prices.

Among 28 analysts covering NXP Semiconductors NV (NASDAQ:NXPI), 8 have Buy rating, 1 Sell and 19 Hold. Delta Air Lines had 67 analyst reports since August 3, 2015 according to SRatingsIntel. Cowen & Co maintained it with "Buy" rating and $66.0 target in Friday, December 15 report. As per Thursday, December 17, the company rating was initiated by Sterne Agee CRT. Susquehanna maintained Visa Inc. Vetr upgraded Delta Air Lines from a "strong sell" rating to a "sell" rating and set a $49.97 target price for the company in a report on Wednesday, January 3rd.

Shares of Delta Air Lines have decreased slightly since the beginning of the year, while the Standard & Poor's 500 index has risen roughly 3 per cent.




The home builder said total deliveries jumped 9% to 3,340 homes and average selling price advanced 8% to $416,500. Following the sale, the president now directly owns 204,018 shares in the company, valued at approximately $11,390,324.94.

Zacks Investment Management increased its stake in Gilead Sciences Inc (GILD) by 2191.09% based on its latest 2017Q3 regulatory filing with the SEC. (NYSE:DAL) shares with value of $8.45M were sold by Bastian Edward H. Another trade for 894 shares valued at $50,511 was sold by Smith Joanne D. The stock was sold at an average price of $52.79, for a total transaction of $1,055,800.00. (NYSE:DAL) was sold by Jacobson Paul A. Evercore Wealth Limited owns 0.02% invested in LendingClub Corporation (NYSE:LC) for 77,640 shares.

Delta Air Lines (DAL) traded up $0.53 during mid-day trading on Thursday, reaching $56.39. The firm has a market cap of $41,720.00, a price-to-earnings ratio of 11.73, a P/E/G ratio of 1.79 and a beta of 1.30. Laurion Capital Mgmt Limited Partnership has 0.05% invested in Delta Air Lines, Inc. CHK comes in with a P/S ratio of 0.43 that's below 1, potentially implying that it could be cheap relative to the overall sector (14.49) and its peers (61.93).

News coverage about Delta Air Lines (NYSE:DAL) has trended somewhat positive recently, according to Accern Sentiment Analysis. The hedge fund run by Stephen C. Freidheim held 3.59 million shares of the transportation company at the end of 2017Q3, valued at $173.33M, up from 3.22M at the end of the previous reported quarter. Delta Air Lines, Inc. Energy Income Partners Llc who had been investing in Atmos Energy Corp for a number of months, seems to be bullish on the $9.16 billion market cap company.

Delta Air Lines, Inc. shares rose $0.74 (+1.32%) in premarket trading Thursday following the report.

WARNING: This story was originally posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and worldwide trademark & copyright law. Gratry Limited Liability reported 0.29% in Delta Air Lines, Inc. The firm operates through two divisions, Airline and Refinery. The Company's route network is centered around a system of hub, worldwide gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.