Delta Air Lines Profit Forecast Review by Evercore Partners

Equities research analysts at Evercore Partners raised their earnings per share estimates on shares of Delta Air Lines in a research note issued to investors on Wednesday. They currently have an “underweight” rating and a $8.00 price target on the company’s shares.

Separately, analysts at Barclays Capital cut their price target on shares of Delta Air Lines from $16.00 to $14.00 in a research note to investors on Thursday, September 1st. They now have an “overweight” rating on the stock. Also, analysts at Dahlman Rose upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note to investors on Monday, August 1st. They now have a $10.00 price target on the stock.

Delta Air Lines, Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States, and around the world. The Company’s route network is centered on the hub system it operate at airports in Atlanta, Cincinnati, Detroit, Memphis, Minneapolis/St. Paul, New York-JFK, Salt Lake City, Paris-Charles de Gaulle, Amsterdam and Tokyo-Narita. The hub operations include flights, which gather and distribute traffic from markets in the geographic region surrounding the hub to domestic and international cities and to other hubs. The network is supported by a fleet of aircraft, which is varied in terms of size and capabilities. On December 31, 2009, the Company’s wholly owned subsidiary Northwest Airlines, Inc. (NWA) merged with and into Delta. The wholly owned subsidiary of the Company is Northwest Airlines Corporation (Northwest). In July 2010, Pinnacle Airlines Corp. acquired Mesaba Aviation, Inc. from Delta Air Lines.

Delta Air Lines last announced its quarterly results on Wednesday, July 27th. The company reported $0.43 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.49 EPS by $0.06. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts predict that Delta Air Lines will post $0.09 EPS next quarter.

Shares of Delta Air Lines traded up 5.01% during mid-day trading on Thursday, hitting $8.39. Delta Air Lines has a 52 week low of $6.41 and a 52 week high of $14.54. The stock’s 50-day moving average is $7.35 and its 200-day moving average is $9.20. The company has a market cap of $7.098 billion and a price-to-earnings ratio of 25.61.

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