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Company Update (NYSE:DAL): Industry veterans, New Yorkers to head up Delta’s continued leadership in the state

[PR Newswire] – NEW YORK, April 25, 2016 /PRNewswire/ — Delta Air Lines (DAL) has named Henry Kuykendall to Vice President – New York and promoted Chuck Imhof to Vice President – New York Sales to lead the airline’s continued dedication to New York as the state’s No. 1 carrier. “Henry and Chuck have been critical to Delta’s success in New York and valuable partners in leading remarkable growth and transformation for our airline in the most important market in the world,” said Ed Bastian, Delta’s incoming CEO. Read more on this. Delta Air Lines, Inc. (DAL) , valued at $33.81B, started trading this morning at $44.52. Shares have traded today between $43.79 and $44.88 per share and has traded between $34.61 and $52.77 over the past year. Delta (DAL) shares are currently priced at 6.79x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -17.40x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.54 per share annually in dividends, yielding 1.21%. In a review of the consensus earnings estimate this quarter, 14 sell-side analysts are looking at $1.87 per share, which would be $0.60 better than the year-ago quarter and a $0.08 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $6.62 would be a $2.01 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $10.62 Billion. If reported, that would be a 0.84% decrease over the year-ago quarter. In terms of ratings, Deutsche Bank downgraded DAL from Buy to Hold (Apr 1, 2016). Previously, Deutsche Bank upgraded DAL from Hold to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $63.21, which is 41.98% above where the stock opened this morning. See more in (NYSE:DAL) Similar Articles: Company Update (NYSE:DAL): Delta Steps Up to the Plate in Nation’s Capital as Official Airline of Washington Nationals Market Update: Delta Air Lines Inc (NYSE:DAL) – Delta Honors its Veterans in Conversation with Three Generations Company Update: Delta Air Lines Inc (NYSE:DAL) – Delta Honors Veterans, Service Members with Matching SkyMiles Offer
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