Delta Air Lines (DAL, Financial) Non-Executive Chairman Francis Blake bought 5,665 shares of the company in two purchases on April 17 for $44.12 per share, according to SEC filings.
Blake now owns 27,540 shares of Delta Air Lines following the transactions.
Headquartered in Atlanta, Delta Air Lines provides scheduled air transportation for passengers and cargo throughout the U.S. and across the world.
The company's segments include Airline and Refinery. Its route network is centered around a system of hub, international gateway and airports that the company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-John F. Kennedy International Airport, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita.
Each of these operations includes flights that gather and distribute traffic from markets in the geographic region surrounding the hub or gateway to domestic and international cities and to other hubs or gateways.
Delta Air Lines has a market cap of $32.66 billion, a price-earnings (P/E) ratio of 8.22, an enterprise value of $39.31 billion, a price-book (P/B) ratio of 2.53, a price-sales (P/S) ratio of 0.84, a current ratio of 0.43 and a quick ratio of 0.38.
According to GuruFocus, the company has a 5 of 10 financial strength rating with a cash-debt ratio of 0.29 and an equity-asset ratio of 0.25. Its Altman Z-Score of 1.70 indicates it is in the distress zone and not in danger of filing for bankruptcy. The company’s Beneish M-Score of -2.57 indicates it is a manipulator of its financial statements.
The company has an 6 of 10 profitability and growth rating. It has an operating margin of 16.35%, a net margin of 10.19%, a return on assets (ROA) of 7.79% and a return on capital (ROC) Joel Greenblatt (Trades, Portfolio) of 26.78%.
According to GuruFocus, Delta Air Lines has two good signs.
- The company is expanding its operations.
- The company’s dividend yield is close to its five year high.
Below is a Peter Lynch chart for Delta Airlines that shows it is trading below its intrinsic value.
Disclosure: Author does not own any shares of this company.
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