Stock Update: Delta Air Lines Inc (NYSE:DAL) – Delta Employees Take Home their Piece of Largest Profit Sharing Payout in U.S. History

[PR Newswire] – ATLANTA, Feb. 12, 2016 /PRNewswire/ — Delta Air Lines (DAL) employees today receive their portion of the company’s $1.5 billion profit sharing earned in 2015 – the largest payout in the history of corporate profit sharing programs. Individual payouts equal more than 21 percent of employees’ eligible 2015 earnings. “We are often asked what makes Delta different,” said Delta’s Chief Executive Officer Richard Anderson and President Ed Bastian in a memo sent to employees today. Read more on this. Delta Air Lines, Inc. (DAL) , with a current value of $33.06B, started the session at $43.00. Today’s price range has been between $42.14 and $43.14 per share with a trailing 52-week range being $34.61 to $52.77. Priced at 6.10x this year’s forecasted earnings, DAL shares are relatively inexpensive compared to the industry ’s 8.19x forward p/e ratio. And for income investors, the company pays shareholders $0.54 per share annually in dividends, yielding 1.25%. According to a consensus of 12 analysts, the earnings estimate of $1.33 per share would be $0.88 better than the year-ago quarter and a $0.24 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $6.88 would be a $2.27 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.26 Billion. If reported, that would be a 1.38% decrease over the year-ago quarter. More recently, Deutsche Bank upgraded DAL from Hold to Buy (Sep 1, 2015). Previously, Wolfe Research upgraded DAL from Peer Perform to Outperform. Given all the information above, we should disclose to readers that the average price target is $66.15, which is 53.84% above than it opened this morning. See more in (NYSE:DAL) Similar Articles: Company Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Announces Webcast of December Quarter 2015 Financial Results Stock Update: Delta Air Lines Inc (NYSE:DAL) – Delta Wins Glassdoor Employees’ Choice Award – Best Places to Work 2016 Company Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Employees to Build Seven Habitat for Humanity Homes in Six Cities