Delta Air Lines, Inc. (NYSE:DAL - Free Report) - Equities researchers at Zacks Research increased their Q2 2024 earnings per share (EPS) estimates for shares of Delta Air Lines in a note issued to investors on Wednesday, May 1st. Zacks Research analyst M. Basu now anticipates that the transportation company will earn $2.48 per share for the quarter, up from their previous estimate of $2.24. The consensus estimate for Delta Air Lines' current full-year earnings is $6.55 per share. Zacks Research also issued estimates for Delta Air Lines' Q3 2024 earnings at $2.20 EPS, Q2 2025 earnings at $2.35 EPS, Q4 2025 earnings at $1.81 EPS and FY2026 earnings at $8.26 EPS.
Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $13.75 billion during the quarter, compared to analyst estimates of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The company's revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.25 earnings per share.
Several other research analysts also recently issued reports on DAL. UBS Group began coverage on shares of Delta Air Lines in a research report on Wednesday, March 20th. They set a "buy" rating and a $59.00 price target on the stock. StockNews.com lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a report on Thursday, February 22nd. Susquehanna upped their price objective on Delta Air Lines from $47.00 to $54.00 and gave the stock a "positive" rating in a report on Tuesday, April 9th. TheStreet upgraded Delta Air Lines from a "c+" rating to a "b-" rating in a research report on Thursday, January 4th. Finally, Morgan Stanley restated an "overweight" rating and set a $85.00 target price on shares of Delta Air Lines in a research report on Thursday, April 11th. 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 data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $58.29.
Read Our Latest Report on DAL
Delta Air Lines Price Performance
Delta Air Lines stock traded up $0.53 on Friday, reaching $51.56. The company's stock had a trading volume of 9,163,653 shares, compared to its average volume of 10,815,963. The business's fifty day moving average price is $45.79 and its 200 day moving average price is $40.60. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41. The company has a market cap of $33.00 billion, a price-to-earnings ratio of 6.63, a PEG ratio of 0.74 and a beta of 1.38. Delta Air Lines has a twelve month low of $30.60 and a twelve month high of $51.65.
Delta Air Lines Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Monday, May 13th. Delta Air Lines's payout ratio is presently 5.14%.
Insider Activity
In other Delta Air Lines news, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the completion of the sale, the president now directly owns 217,584 shares in the company, valued at $10,672,495.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Alain Bellemare sold 24,073 shares of the business's stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value of $1,176,206.78. Following the sale, the executive vice president now directly owns 141,451 shares in the company, valued at $6,911,295.86. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the transaction, the president now owns 217,584 shares of the company's stock, valued at $10,672,495.20. The disclosure for this sale can be found here. Insiders sold 174,073 shares of company stock valued at $8,581,207 in the last quarter. Company insiders own 0.89% of the company's stock.
Institutional Trading of Delta Air Lines
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Perigon Wealth Management LLC increased its stake in Delta Air Lines by 10.4% in the 3rd quarter. Perigon Wealth Management LLC now owns 10,329 shares of the transportation company's stock valued at $382,000 after buying an additional 969 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Delta Air Lines by 132.3% during the fourth quarter. International Assets Investment Management LLC now owns 466,741 shares of the transportation company's stock worth $18,777,000 after acquiring an additional 265,852 shares in the last quarter. Capital Advisors Inc. OK acquired a new position in Delta Air Lines during the fourth quarter valued at approximately $4,241,000. Meeder Asset Management Inc. grew its stake in Delta Air Lines by 325.5% in the fourth quarter. Meeder Asset Management Inc. now owns 77,647 shares of the transportation company's stock valued at $3,124,000 after purchasing an additional 59,398 shares in the last quarter. Finally, U S Global Investors Inc. increased its position in shares of Delta Air Lines by 21.1% during the 4th quarter. U S Global Investors Inc. now owns 4,434,509 shares of the transportation company's stock worth $178,400,000 after purchasing an additional 773,636 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.
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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