Published: Sat, January 13, 2018
Business | By Max Garcia

Delta Air Lines quarterly profit falls 8 percent

Delta Air Lines quarterly profit falls 8 percent

The stock had seen the Zacks Consensus Estimate for fourth-quarter earnings being revised 12.7% over the last 30 days. State Board Of Administration Of Florida Retirement System bought 9,220 shares as the company's stock rose 5.22% with the market.

The Atlanta-based airline reported an 18% decline in full-year net profit to nearly $3.58 billion. AJO LP now owns 5,637,157 shares of the transportation company's stock valued at $302,941,000 after acquiring an additional 986,803 shares in the last quarter.

CFO Paul Jacobson said Delta will focus this year on getting unit cost trajectory back in line with Delta's long-term 0%-2% target, with Q1 expected to be the peak of non-fuel expense growth. The data from the past twelve months tells a similar story: insiders executed 23 buys and 42 sells, and ownership decreased by a net of 423179 shares. TIAA CREF Investment Management LLC increased its position in Delta Air Lines by 77.6% during the 2nd quarter. Fisher Asset Mgmt Ltd Limited Liability Company reported 469,400 shares. Alyeska Investment Group L.P. increased its stake in Delta Air Lines by 35.8% in the third quarter. Finally, IHT Wealth Management LLC boosted its stake in shares of Delta Air Lines by 40.9% in the 2nd quarter.

The company's ATR (Average True Range) is 1.3. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. On Monday, December 18 the insider Smith Joanne D sold $50,511. The stock was sold at an average price of $56.05, for a total transaction of $604,387.15. The stock increased 0.64% or $0.5 during the last trading session, reaching $79.21. Canada Pension Plan Inv Board owns 102,010 shares or 0.01% of their U.S. portfolio.

(NYSE:DAL) has been trading recently. Sanford C. Bernstein set a $67.00 target price on Delta Air Lines and gave the company a "buy" rating in a report on Wednesday. The stock has "Buy" rating by Stifel Nicolaus on Monday, May 29. Imperial Capital set a $65.00 target price on shares of Delta Air Lines and gave the stock a "buy" rating in a report on Friday. As per Wednesday, November 1, the company rating was maintained by JP Morgan. A 4 analysts rate it as either a buy or a strong buy, while 7 believe that investors should either steer clear of (NYSE:CHK) or, if they already own its stock, sell it. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. (NYSE:DAL) reached all time high today, Jan, 11 and still has $61.43 target or 5.00 % above today's $58.50 share price. Par Management Inc reported 13.11M shares. 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). 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. A higher P/B ratio of Delta Air Lines, signposting that the investors have either overvalued it, or that its accountants have undervalued it. NXP Semiconductors N.V. (NASDAQ:NXPI) has risen 24.67% since January 11, 2017 and is uptrending. The institutional investor held 518,951 shares of the transportation company at the end of 2017Q3, valued at $25.02 million, up from 275,000 at the end of the previous reported quarter. Fourth-quarter results also compare to the consensus estimates for EPS of $0.88 on revenues of $10.13 billion. The figure tells us what earnings were generated from invested capital of Delta Air Lines, Inc.

"We enter 2018 with significant momentum and every entity delivering positive passenger unit revenue for the first time in five years, driven by a robust demand environment and improving business fares", Glen Hauenstein, Delta's president, said in a news release.

Delta Air Lines reported Thursday that fourth-quarter profit slipped 8 percent, but the results still beat expectations as average prices for passengers continued to creep higher.

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