Delta Air Lines (NYSE:DAL - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 6.000-7.000 for the period, compared to the consensus EPS estimate of 6.460. The company issued revenue guidance of -.
Delta Air Lines Price Performance
Shares of DAL stock traded down $0.05 during trading hours on Wednesday, hitting $50.02. 10,352,820 shares of the company's stock were exchanged, compared to its average volume of 10,866,711. The stock's 50-day moving average is $45.42 and its 200-day moving average is $40.46. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. The stock has a market cap of $32.28 billion, a price-to-earnings ratio of 6.44, a price-to-earnings-growth ratio of 0.75 and a beta of 1.43. Delta Air Lines has a 52 week low of $30.60 and a 52 week high of $50.74.
Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $13.75 billion for the quarter, compared to analysts' expectations of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The business's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. As a group, research analysts forecast that Delta Air Lines will post 6.55 EPS for the current year.
Delta Air Lines Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.80%. The ex-dividend date is Monday, May 13th. Delta Air Lines's dividend payout ratio is 5.14%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on DAL shares. Susquehanna raised their price target on Delta Air Lines from $47.00 to $54.00 and gave the company a positive rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft raised their price target on Delta Air Lines from $50.00 to $60.00 and gave the company a buy rating in a report on Thursday, April 11th. Morgan Stanley reiterated an overweight rating and issued a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. UBS Group started coverage on Delta Air Lines in a report on Wednesday, March 20th. They set a buy rating and a $59.00 target price on the stock. Finally, TheStreet upgraded Delta Air Lines from a c+ rating to a b- rating in a report on Thursday, January 4th. One 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 company's stock. According to MarketBeat.com, the company has a consensus rating of Buy and an average price target of $58.29.
View Our Latest Stock Analysis on DAL
Insider Transactions at Delta Air Lines
In other news, EVP Peter W. Carter sold 50,000 shares of the firm's stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $50.00, for a total transaction of $2,500,000.00. Following the sale, the executive vice president now owns 143,328 shares of the company's stock, valued at $7,166,400. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Peter W. Carter sold 50,000 shares of Delta Air Lines stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $50.00, for a total value of $2,500,000.00. Following the sale, the executive vice president now owns 143,328 shares of the company's stock, valued at approximately $7,166,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Alain Bellemare sold 24,073 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total value of $1,176,206.78. Following the completion of the sale, the executive vice president now directly owns 141,451 shares in the company, valued at approximately $6,911,295.86. The disclosure for this sale can be found here. Insiders have sold a total of 245,913 shares of company stock valued at $11,397,335 over the last 90 days. 0.89% of the stock is owned by company insiders.
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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