Delta Airlines Shares get an “Outperform” rating from Morgan Stanley
On Friday, shares of Delta Airlines gained strength and that gave a reason to the traders to sell shares. Reportedly, the flow-in was $61.02 million into the stock as the market opened and the flow-out was $140.14 million at the last bell. Shares of Delta Air Lines were up $1.37 for the day closing at $50.81.
The company has recently got comments from many analysts with some giving it a 'buy' rating and some stating it as a 'top pick'. Morgan Stanley reaffirmed its "outperform" rating for Delta Air Lines shares on a research report on September 20th.
Delta Air Lines posted its last quarterly earnings results on October 14th. The company surpassed the analysts' expectations and reported $1.74 EPS for the latest quarter. The analysts' had estimated $1.71, which the company by exceeded by $0.03. In the quarter, the company earned $11.10 billion which fell short of the estimated $11.12 billion by the analysts. Last year, the business had earned $1.20 a share in the same quarter. Revenue was down six percent on a year to year basis. Recently, the airline declared a quarterly dividend that will be paid on November 30th to the stockholders on record as on November 6th.
New Zealand News
- Porsche reportedly developing electric version of 718 sports car
- Tesla Model Y Performance becomes little bit more expensive to order in China
- Porsche’s recently unveiled Mission R Concept previews electric race cars of future
- Chinese manufacturer GAC’s Aion V e-SUV can charge 0-80% in just 8 minutes
- Oshidori International exits Japanese casino race, citing serious ethical irregularities
- Italian motorcycle racer Valentino Rossi enters e-bike business with VR46 MTB range
- Micro Mobility shows off production version of Microlino 2.0 and 3-wheeled e-scooter
- Chinese electric motorcycle maker Evoke Motorcycles to set up shops in Spain
- TenneT adds more electric BMWs to study use of EVs to support power grids
- Italy’s ASPI announces plans to install cross-country ultra-fast EV charging network