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Deutsche Bank commented on Delta Air Lines, Inc. (NYSE: DAL) following its Q4 earnings results. The firm reiterated its Buy rating and $60 price target.
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Analyst Michael Linenberg noted that “Delta reported a 87 percent increase in Dec Q pretax income to $1 bb, contributing to a full year pretax profit of $4.5 bb.”
“In terms of its long-term goals, 2014 was a banner year for Delta. The company produced a 13.1 percent operating margin (ex-specials) vs. its 11-14 percent goal, 70 percent pretax EPS growth vs. 10-15 percent, $3.7 bb vs. $3 bb, and a 20.7 percent ROIC vs. its 15 percent to 18 percent goal,” according to Linenberg.
The analyst note indicated that “strong cash flow generation drove a $2.1 bb decrease in its net debt to $7.3 bb and allowed the company to return $1.35 bb to its shareholders. Given Delta's laser focus on profitability and hitting its return targets, we expect 2014's momentum to continue into 2015.”
The firm raised its FY 2014 EPS forecast from $4.35 to $4.40 (vs. consensus of $4.88) and maintained its 2016 EPS forecast of $4.60 (vs. consensus of $5.41).
Delta Air Lines, Inc closed at $49.17 Tuesday, up 7.26 percent.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.