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Company Update (NYSE:DAL): Stylish, Comfortable Delta One Loungewear Make for Easier In-Flight Slumber

[PR Newswire] – ATLANTA, Dec. 15, 2015 /PRNewswire/ — Catching some ZZZs has never been cozier for customers flying in the Delta One cabin on flights between Los Angeles and Sydney and Los Angeles and Shanghai. Beginning Dec. 15, Delta (DAL) will provide in-flight loungewear, helping the airline’s premium customers settle in on two of the longest flights from LAX. The sleep and lounge suits are the latest in a number of enhancements Delta has made in the Delta One cabin including full flat-bed seats with direct aisle access, Westin Heavenly In-Flight Bedding, noise-reducing headsets and Tumi amenity kits complete with eye shades, ear plugs and striped on-board socks, among other items. Read more on this. Delta Air Lines, Inc. (DAL) , valued at $40.23B, started trading this morning at $50.67. During the trading session, DAL traded between $50.07 to $51.41 with a one year range of $34.61 to $52.00. DAL shares are currently priced at 10.84x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 9.99x earnings multiple. The company pays shareholders $0.54 per share annually in dividends, yielding 1.10%. According to a consensus of 14 analysts, the earnings estimate of $1.19 per share would be $0.41 better than the year-ago quarter and a $0.04 sequential increase. The full-year EPS estimate is $4.63 which would be a $1.32 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $9.54 Billion. If realized, that would be a 1.14% decrease over the year-ago quarter. In terms of ratings, Deutsche Bank upgraded DAL from Hold to Buy (Sep 1, 2015). Previously, Wolfe Research upgraded DAL from Peer Perform to Outperform. Investors should keep in mind is that the average price target is $62.85, which is 24.04% above where the stock opened this morning. See more in (NYSE:DAL) Similar Articles: Company Update (NYSE:DAL): Delta Adds Rome Flight from Minneapolis-St. Paul Company Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Employees to Build Seven Habitat for Humanity Homes in Six Cities Market Update (NYSE:DAL): Delta’s Self-Check-In Technology and In-Flight Services Recognized as the Best in Latin America
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