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Company Update: Delta Air Lines Inc (NYSE:DAL) – Update 3: Delta statement on operations in light of incident in Brussels

[PR Newswire] – Following explosions reported this morning in the departures area of Brussels Airport in Belgium, the terminal was evacuated with local emergency services onsite. The Brussels Airport has announced that it will be closed through tomorrow, March 23. “The thoughts and prayers of the entire Delta family are with the people of Brussels today,” said Ed Bastian, incoming Delta CEO. Read more on this. Delta Air Lines, Inc. (DAL) , currently valued at $38.58B, started the session at $48.71. Looking at the equity, the company’s one day range is $48.20 to $49.74 and has traded between $34.61 and $52.77 over the past year. DAL shares are currently priced at 7.35x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 8.44x earnings multiple for the same period. And for income investors, the company pays shareholders $0.54 per share annually in dividends, yielding 1.08%. According to a consensus of 13 analysts, the earnings estimate of $1.30 per share would be $0.85 better than the year-ago quarter and a $0.11 sequential increase. Investors should also note that the full-year EPS estimate of $6.82 is a $2.21 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.25 Billion. If reported, that would be a 1.49% 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. The average price target for DAL shares is $65.38, which is 34.22% above where the stock opened this morning. See more in (NYSE:DAL) Similar Articles: Market Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Declares Quarterly Dividend Company Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Announces Webcast of December Quarter 2015 Financial Results Company Update: Delta Air Lines Inc (NYSE:DAL) – Delta Air Lines Declares Quarterly Dividend
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