Brokers Issue Forecasts for Delta Air Lines, Inc.'s FY2025 Earnings (NYSE:DAL)

Delta Air Lines, Inc. (NYSE:DAL - Free Report) - Investment analysts at Seaport Res Ptn raised their FY2025 earnings per share estimates for shares of Delta Air Lines in a research report issued to clients and investors on Thursday, April 11th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings per share of $7.75 for the year, up from their prior forecast of $7.25. The consensus estimate for Delta Air Lines' current full-year earnings is $6.51 per share.

A number of other research firms have also recently commented on DAL. Morgan Stanley reiterated an "overweight" rating and set a $85.00 price objective on shares of Delta Air Lines in a research report on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday. Susquehanna lifted their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a "positive" rating in a research note on Tuesday. TheStreet raised Delta Air Lines from a "c+" rating to a "b-" rating in a research note on Thursday, January 4th. Finally, StockNews.com downgraded Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $58.29.

Delta Air Lines Price Performance

Delta Air Lines stock traded down $0.77 during mid-day trading on Friday, hitting $46.86. 16,343,939 shares of the company were exchanged, compared to its average volume of 10,813,959. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.34. Delta Air Lines has a 12-month low of $30.60 and a 12-month high of $49.81. The business's 50 day simple moving average is $43.44 and its two-hundred day simple moving average is $39.35. The company has a market capitalization of $30.15 billion, a P/E ratio of 6.02, a PEG ratio of 0.70 and a beta of 1.43.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 10th. The transportation company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The company had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. Delta Air Lines's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC grew its position in shares of Delta Air Lines by 10.4% during the third quarter. Perigon Wealth Management LLC now owns 10,329 shares of the transportation company's stock worth $382,000 after acquiring an additional 969 shares during the last quarter. Meeder Asset Management Inc. grew its position in Delta Air Lines by 325.5% in the 4th quarter. Meeder Asset Management Inc. now owns 77,647 shares of the transportation company's stock worth $3,124,000 after purchasing an additional 59,398 shares during the last quarter. U S Global Investors Inc. increased its position in Delta Air Lines by 21.1% in the 4th quarter. U S Global Investors Inc. now owns 4,434,509 shares of the transportation company's stock valued at $178,400,000 after acquiring an additional 773,636 shares during the period. Raymond James & Associates increased its holdings in shares of Delta Air Lines by 4.4% during the fourth quarter. Raymond James & Associates now owns 625,025 shares of the transportation company's stock valued at $25,145,000 after purchasing an additional 26,364 shares during the period. Finally, Royal London Asset Management Ltd. increased its stake in Delta Air Lines by 17.1% during the 3rd quarter. Royal London Asset Management Ltd. now owns 5,091,528 shares of the transportation company's stock valued at $188,514,000 after buying an additional 743,882 shares during the period. Institutional investors and hedge funds own 69.93% of the company's stock.

Insider Activity at Delta Air Lines

In related news, CEO Edward H. Bastian sold 71,840 shares of the business's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the completion of the sale, the chief executive officer now owns 428,768 shares of the company's stock, valued at approximately $16,807,705.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.89% of the company's stock.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, February 26th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.85%. Delta Air Lines's dividend payout ratio (DPR) is 5.14%.

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.