|Bid||46.50 x 1400|
|Ask||48.95 x 800|
|Day's Range||46.85 - 49.29|
|52 Week Range||45.08 - 61.32|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||9.42|
|Forward Dividend & Yield||1.40 (2.87%)|
|1y Target Est||N/A|
Yahoo Finance Reporter, Brian Sozzi discusses one of the days top tickers, Delta, with host, Melody Hahm. Despite the airline beating analyst expectations, CEO Ed Bastian says the Government Shutdown is affecting Delta's growth.
JPMorgan Chase, Wells Fargo, United Health, Delta Air Lines and American Express are the companies to watch.
Delta Air Lines Inc. forecast sluggish revenue growth for early this year in part because of business lost to the federal government shutdown. Chief Executive Ed Bastian said the shutdown would cost Delta this month about $25 million in revenue from government travel. The airline also attributed its tempered outlook to a stronger U.S. dollar and to the timing of this year’s Easter holiday in April, which pushes a busy travel period beyond the first quarter.
Delta Air Lines Inc (DAL.N) and United Airlines (UAL.O) kicked off fourth-quarter earnings reporting for the sector on Tuesday with profits that beat Wall Street expectations, but the rippling effects of a government shutdown could take a toll on the current quarter and beyond. The profit beats boosted airline shares in after-hours trading, with United Continental Holdings up nearly 6 percent, while Delta rose 1 percent. Shares of American Airlines Group (AAL.O) and Southwest Airlines Co (LUV.N) also rose, up 2.4 percent and 1.4 percent, respectively.
The profit beats boosted airline shares in after-hours trading, with United Continental Holdings up nearly 6 percent, while Delta rose 1 percent. Shares of American Airlines Group and Southwest Airlines Co also rose, up 2.4 percent and 1.4 percent, respectively. United said it had placed orders for four Boeing 777-300ER aircraft and 24 737 MAX planes, though the commercial use of new planes could be delayed as non-essential work at the Federal Aviation Administration, which is responsible for certifying new aircraft, remained on hold due to the shutdown.
Delta stock battled back on Tuesday to a mild gain at market close, suggesting that the market may be pricing in the impacts that should have been arguably already priced in with the company's pre-forecast to kick off the year. The company's market share remains among the tops in America and could serve to bolster the bottom in the stock as well. "We continue to view Delta as the industry leader," JPMorgan analyst Jamie Baker wrote on Tuesday.
United Airlines on Tuesday reported a fourth-quarter profit that easily beat Wall Street forecasts, sending shares higher, as the No. 3 U.S. carrier scheduled more flights out of its hubs and won back customers after a series of public relations disasters. Airline shares had fallen this month after both Delta and American Airlines Group Inc lowered estimates for fourth-quarter unit revenue, raising concerns about the industry's ability to raise fares in an uncertain global economy. Chicago-based United attributed its revenue growth to a strategy launched last January to expand its domestic network by adding flights and more options for connections through its seven main hubs, with a particular focus on Chicago, Denver and Houston.
United Airlines easily topped Q4 earnings forecasts, sending shares roaring late Tuesday, after Delta Air Lines reported mixed Q4 results.
DALLAS (AP) — Delta Air Lines expects to lose $25 million in revenue this month from the partial government shutdown that is also creating checkpoint delays and long lines at the airline's Atlanta hub.
Okay, so we've heard a lot about the Brexit vote and how 432 members of Parliament voted against Theresa May's Brexit plan, so check out TheStreet's London Bureau Chief, Martin Baccardax, for a discussion of what American investors need to know and what effect it might have on the market. Delta said it sees first quarter earnings of between 70 and 90 cents a share, however, and an adjusted total revenue per available seat mile growth rate of 2%, both of which misses market estimates.
The stock market closed higher Tuesday after earnings reports and gains for the FANG stocks underscored the day's trading.
Delta said earnings for the three months ending in December came in at $1.30 per share, up 42% from the same period last year and 3 cents ahead of the Street consensus. Group revenues, Delta said, rose 7.5% to $10.7 billion, a figure that narrowly missed analysts' forecasts. Delta said it sees first quarter earnings of between 70 and 90 cents a share, however, and an adjusted total revenue per available seat mile, or TRASM, growth rate of 2%, both of which misses market estimates.
The Dow Jones Industrial Average rose Tuesday despite an earnings miss from JPMorgan Chase & Co. JPMorgan Chase earned $1.98 a share in the fourth quarter, missing analysts' estimates of $2.20 by a wide margin. Delta was up slightly.