Delta Air Lines Q1 EPS Forecast Decreased by Zacks Research

Delta Air Lines, Inc. (NYSE:DAL - Free Report) - Equities research analysts at Zacks Research cut their Q1 2027 earnings per share estimates for Delta Air Lines in a research note issued on Tuesday, June 3rd. Zacks Research analyst M. Basu now anticipates that the transportation company will post earnings per share of $1.99 for the quarter, down from their previous forecast of $2.00. The consensus estimate for Delta Air Lines' current full-year earnings is $7.63 per share.

Several other brokerages have also recently commented on DAL. Raymond James cut their price target on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 2nd. TD Cowen increased their price target on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, April 10th. Dbs Bank cut shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Jefferies Financial Group restated a "hold" rating and set a $46.00 price objective (down previously from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Finally, Bank of America cut their price target on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Delta Air Lines presently has a consensus rating of "Moderate Buy" and an average price target of $62.08.

Delta Air Lines Trading Down 0.4%

NYSE DAL opened at $48.78 on Friday. Delta Air Lines has a one year low of $34.74 and a one year high of $69.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The stock's 50-day moving average is $44.66 and its 200-day moving average is $55.05. The firm has a market cap of $31.85 billion, a P/E ratio of 9.15, a P/E/G ratio of 0.75 and a beta of 1.51.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business had revenue of $12.98 billion for the quarter, compared to the consensus estimate of $13.85 billion. During the same quarter in the prior year, the business earned $0.45 EPS. The firm's revenue for the quarter was down 5.6% on a year-over-year basis.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th were issued a $0.15 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.23%. Delta Air Lines's dividend payout ratio (DPR) is presently 10.64%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. WASHINGTON TRUST Co grew its stake in Delta Air Lines by 7.5% in the fourth quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company's stock worth $130,000 after purchasing an additional 150 shares in the last quarter. Hemington Wealth Management increased its holdings in shares of Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock valued at $28,000 after acquiring an additional 154 shares in the last quarter. HighPoint Advisor Group LLC increased its position in shares of Delta Air Lines by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company's stock valued at $554,000 after acquiring an additional 155 shares during the period. DAVENPORT & Co LLC raised its stake in shares of Delta Air Lines by 1.2% in the fourth quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company's stock worth $865,000 after purchasing an additional 173 shares during the last quarter. Finally, Continuum Advisory LLC boosted its holdings in shares of Delta Air Lines by 44.2% in the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock valued at $35,000 after acquiring an additional 179 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Company Profile

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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