These 5 Stocks Are Making Headlines on Tuesday

In this article, we discuss the 5 stocks making headlines on Tuesday. If you want to see some more companies trending today, go directly to These 10 Stocks Are Making Headlines on Tuesday.

5. Delta Air Lines, Inc. (NYSE:DAL)

Number of Hedge Fund Holders: 55

Shares of Delta Air Lines, Inc. (NYSE:DAL) are trading higher today, just ahead of the company’s second-quarter results. The Georgia-based airline is scheduled to post its Q2 financial report before the opening bell on Wednesday, July 13, 2022.

Delta Air Lines, Inc. (NYSE:DAL) expects its quarterly revenue to be at par with the pre-pandemic levels despite higher fuel costs. Moreover, it expects operating margins in the range of 13 – 14 percent. On the other hand, analysts expect Delta Air Lines, Inc. (NYSE:DAL) to report earnings of $1.64 per share on revenue of $13.24 billion for the second quarter.

Earlier this year, investment management firm Miller Value Partners praised Delta Air Lines, Inc. (NYSE:DAL) in its fourth-quarter 2021 investor letter. The firm said:

“We’ve healed greatly from the worst days of the pandemic, and we expect that to continue going forward. We see the greatest disconnects between current market expectations and 18-months-out fundamentals in names like Delta Airlines (DAL).

Delta is a quality airline with shareholder-friendly management. It was the only one not to issue equity during the pandemic. It was also the only profitable airline in the second half of 2021. It generated positive operating cash flow despite business and international travel weakness. When earnings finally normalize, which the company doesn’t expect until 2024, it should earn more than $7/share. After bouncing significantly off the lows, DAL currently trades at $41.99 or less than 6x those earnings.”