Company Update (NYSE:DAL): Delta Reports Financial and Operating Performance for June 2016

[PR Newswire] – ATLANTA, July 5, 2016 /PRNewswire/ — Delta Air Lines (NYSE: DAL) today reported financial and operating performance for June 2016. Consolidated passenger unit revenue (PRASM) for the month of June declined … Read more on this. Delta Air Lines, Inc. (DAL) , with a current value of $26.97B, finished yesterday at $36.77. Looking at today’s trading action, the company’s one day range from $35.06 to $36.24 and has traded between $32.60 and $52.77 over the past 12 months. Priced at 5.91x this year’s forecasted earnings, DAL shares are relatively inexpensive compared to the industry’s 8.39x forward p/e ratio. And for passive income investors, the company pays shareholders $0.54 per share annually in dividends, yielding 1.47%. Consensus earnings for the current quarter by the 13 sell-side analysts covering the stock is an estimate of $1.79 per share, which would be $0.52 better than the year-ago quarter and a $0.09 sequential decrease. The full-year EPS estimate is $6.22, which would be a $1.61 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $10.60 Billion. If reported, that would be a 1.03% decrease over the year-ago quarter. Recently, Deutsche Bank downgraded DAL from Buy to Hold (Apr 1, 2016). Previously, Deutsche Bank upgraded DAL from Hold to Buy. When considering if the stock is under or overvalued, the average price target is $58.69, which is 59.61% above where the stock opened this morning. See more in (NYSE:DAL) Similar Articles: Stock Update: Delta Air Lines Inc (NYSE:DAL) – Delta Reports Financial and Operating Performance for May 2016 Market Update (NYSE:DAL): Delta Reports Financial and Operating Performance for January 2016 Company Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Announces Webcast of December Quarter 2015 Financial Results