Delta Air Lines, Inc. (NYSE:DAL - Free Report) - Stock analysts at Zacks Research upped their Q2 2026 earnings estimates for Delta Air Lines in a research note issued on Wednesday, July 30th. Zacks Research analyst M. Basu now expects that the transportation company will post earnings per share of $2.52 for the quarter, up from their prior forecast of $2.51. The consensus estimate for Delta Air Lines' current full-year earnings is $7.63 per share.
Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings results on Thursday, July 10th. The transportation company reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates of $2.01 by $0.09. The company had revenue of $15,507,000 billion for the quarter, compared to analysts' expectations of $16.16 billion. Delta Air Lines had a net margin of 7.24% and a return on equity of 24.86%. The business's quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the firm posted $2.36 earnings per share.
Other equities research analysts have also recently issued reports about the stock. Raymond James Financial boosted their price objective on shares of Delta Air Lines from $60.00 to $68.00 in a research report on Friday, July 11th. Bernstein Bank boosted their price objective on shares of Delta Air Lines from $60.00 to $66.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Delta Air Lines in a research report on Friday, July 11th. UBS Group set a $72.00 price objective on shares of Delta Air Lines in a research report on Friday, July 11th. Finally, Morgan Stanley lifted their price target on shares of Delta Air Lines from $88.00 to $90.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Delta Air Lines has an average rating of "Moderate Buy" and an average target price of $66.21.
Get Our Latest Report on Delta Air Lines
Delta Air Lines Stock Down 3.9%
DAL traded down $2.06 during trading on Thursday, hitting $51.15. The company had a trading volume of 9,532,750 shares, compared to its average volume of 11,176,950. The company has a market capitalization of $33.40 billion, a PE ratio of 7.41, a PEG ratio of 1.66 and a beta of 1.56. Delta Air Lines has a one year low of $34.74 and a one year high of $69.98. The firm's 50-day moving average price is $51.29 and its 200 day moving average price is $52.04. The company has a quick ratio of 0.33, a current ratio of 0.38 and a debt-to-equity ratio of 0.74.
Delta Air Lines Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, July 31st will be paid a $0.1875 dividend. This is an increase from Delta Air Lines's previous quarterly dividend of $0.15. The ex-dividend date is Thursday, July 31st. This represents a $0.75 dividend on an annualized basis and a yield of 1.5%. Delta Air Lines's dividend payout ratio (DPR) is currently 10.87%.
Insider Activity at Delta Air Lines
In other Delta Air Lines news, EVP Steven M. Sear sold 18,000 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $55.96, for a total value of $1,007,280.00. Following the completion of the sale, the executive vice president owned 97,505 shares of the company's stock, valued at $5,456,379.80. The trade was a 15.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Alain Bellemare sold 45,423 shares of the company's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $55.56, for a total transaction of $2,523,701.88. Following the sale, the executive vice president directly owned 131,731 shares of the company's stock, valued at approximately $7,318,974.36. This trade represents a 25.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,973 shares of company stock worth $7,511,746 in the last quarter. Corporate insiders own 0.88% of the company's stock.
Institutional Trading of Delta Air Lines
A number of institutional investors and hedge funds have recently made changes to their positions in DAL. Brighton Jones LLC lifted its holdings in shares of Delta Air Lines by 33.5% during the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company's stock worth $555,000 after acquiring an additional 2,302 shares during the period. Blair William & Co. IL lifted its holdings in shares of Delta Air Lines by 5.4% during the 4th quarter. Blair William & Co. IL now owns 20,850 shares of the transportation company's stock worth $1,261,000 after acquiring an additional 1,068 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Delta Air Lines by 3.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 58,634 shares of the transportation company's stock worth $3,547,000 after acquiring an additional 1,838 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of Delta Air Lines by 7.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 123,398 shares of the transportation company's stock worth $7,466,000 after acquiring an additional 8,977 shares during the period. Finally, Level Four Advisory Services LLC lifted its stake in Delta Air Lines by 11.6% in the 4th quarter. Level Four Advisory Services LLC now owns 4,250 shares of the transportation company's stock valued at $257,000 after purchasing an additional 441 shares during the last quarter. Institutional investors own 69.93% of the company's stock.
About Delta Air Lines
(
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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. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.
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