Trade-Ideas LLC identified

Delta Air Lines

(

DAL

) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Delta Air Lines as such a stock due to the following factors:

  • DAL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $529.5 million.
  • DAL traded 18,207 shares today in the pre-market hours as of 8:44 AM.
  • DAL is up 2.1% today from yesterday's close.

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More details on DAL:

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. The stock currently has a dividend yield of 1.5%. DAL has a PE ratio of 6. Currently there are 7 analysts that rate Delta Air Lines a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Delta Air Lines has been 10.5 million shares per day over the past 30 days. Delta Air Lines has a market cap of $27.1 billion and is part of the services sector and transportation industry. The stock has a beta of 1.11 and a short float of 3.3% with 1.42 days to cover. Shares are down 34.2% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Delta Air Lines as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from the ratings report include:

  • DELTA AIR LINES INC has improved earnings per share by 34.4% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, DELTA AIR LINES INC increased its bottom line by earning $5.63 versus $0.75 in the prior year. This year, the market expects an improvement in earnings ($6.28 versus $5.63).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Airlines industry. The net income increased by 26.8% when compared to the same quarter one year prior, rising from $746.00 million to $946.00 million.
  • The debt-to-equity ratio is somewhat low, currently at 0.75, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.31 is very weak and demonstrates a lack of ability to pay short-term obligations.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. In comparison to other companies in the Airlines industry and the overall market on the basis of return on equity, DELTA AIR LINES INC has underperformed in comparison with the industry average, but has greatly exceeded that of the S&P 500.
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 2.5%. Since the same quarter one year prior, revenues slightly dropped by 1.5%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.

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