Delta Air Lines (NYSE:DAL - Get Free Report) released its quarterly earnings results on Thursday. The transportation company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.19, Zacks reports. The company had revenue of $15.20 billion for the quarter, compared to analysts' expectations of $15.79 billion. Delta Air Lines had a net margin of 7.24% and a return on equity of 24.86%. Delta Air Lines updated its Q4 2025 guidance to 1.600-1.900 EPS.
Delta Air Lines Stock Performance
Shares of DAL stock opened at $57.13 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33. Delta Air Lines has a 12 month low of $34.74 and a 12 month high of $69.98. The company's fifty day moving average price is $58.40 and its two-hundred day moving average price is $51.40. The firm has a market capitalization of $37.30 billion, a P/E ratio of 8.28, a P/E/G ratio of 1.55 and a beta of 1.50.
Delta Air Lines Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 annualized dividend and a yield of 1.3%. Delta Air Lines's payout ratio is 10.87%.
Analysts Set New Price Targets
DAL has been the topic of a number of analyst reports. The Goldman Sachs Group raised their target price on shares of Delta Air Lines from $60.00 to $67.00 and gave the stock a "buy" 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. Seaport Global Securities increased their target price on Delta Air Lines from $69.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, September 11th. Wolfe Research lifted their price target on Delta Air Lines from $56.00 to $63.00 in a report on Monday, July 14th. Finally, HSBC upped their price objective on shares of Delta Air Lines from $64.00 to $69.20 in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating and nineteen have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $67.84.
Read Our Latest Analysis on Delta Air Lines
Insider Buying and Selling at Delta Air Lines
In other Delta Air Lines news, CEO Edward H. Bastian sold 35,000 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $56.28, for a total transaction of $1,969,800.00. Following the sale, the chief executive officer owned 632,823 shares in the company, valued at $35,615,278.44. This represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael P. Huerta sold 2,500 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total value of $151,750.00. Following the completion of the transaction, the director owned 33,245 shares of the company's stock, valued at approximately $2,017,971.50. The trade was a 6.99% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,473 shares of company stock valued at $7,663,496. 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 modified their holdings of DAL. Brighton Jones LLC lifted its holdings in Delta Air Lines by 33.5% in the fourth 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 last quarter. Acadian Asset Management LLC acquired a new position in Delta Air Lines during the 1st quarter valued at about $178,000. Sivia Capital Partners LLC bought a new stake in Delta Air Lines during the second quarter worth approximately $555,000. Marshall Wace LLP lifted its holdings in shares of Delta Air Lines by 102.2% in the second quarter. Marshall Wace LLP now owns 7,825 shares of the transportation company's stock valued at $385,000 after buying an additional 357,825 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in Delta Air Lines by 10.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 58,129 shares of the transportation company's stock valued at $2,859,000 after acquiring an additional 5,564 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.
About Delta Air Lines
(
Get Free Report)
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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