Seaport Res Ptn Lifts Earnings Estimates for Delta Air Lines

Key Points

• Seaport Res Ptn raised its FY2025 EPS estimate for Delta Air Lines from $5.81 to $5.97, while the consensus estimate is $7.63 per share.
• Multiple analysts have increased their price targets for Delta Air Lines, with UBS raising it from $72.00 to $75.00 and Bernstein increasing it from $60.00 to $66.00, reflecting a positive outlook on the stock.
• Delta Air Lines declared a quarterly dividend of $0.1875, with an annualized yield of 1.3%, payable on November 6th to shareholders of record as of October 16th.

Delta Air Lines, Inc. (NYSE:DAL - Free Report) - Equities research analysts at Seaport Res Ptn lifted their FY2025 EPS estimates for shares of Delta Air Lines in a research report issued to clients and investors on Thursday, October 9th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings per share of $5.97 for the year, up from their prior estimate of $5.81. The consensus estimate for Delta Air Lines' current full-year earnings is $7.63 per share.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (EPS) for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. The company had revenue of $8.40 billion during the quarter.

Other equities analysts have also issued research reports about the company. Bernstein Bank lifted their price objective on Delta Air Lines from $60.00 to $66.00 and gave the company an "outperform" rating in a research note on Friday, July 11th. Susquehanna lifted their price target on Delta Air Lines from $68.00 to $70.00 and gave the company a "positive" rating in a research report on Friday. Weiss Ratings reiterated a "buy (b-)" rating on shares of Delta Air Lines in a research report on Wednesday, October 8th. UBS Group lifted their target price on shares of Delta Air Lines from $72.00 to $75.00 and gave the company a "buy" rating in a report on Friday. Finally, Barclays lifted their target price on shares of Delta Air Lines from $58.00 to $65.00 and gave the company an "overweight" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $70.11.

Delta Air Lines Trading Down 3.4%

Shares of Delta Air Lines stock opened at $57.56 on Monday. The firm has a fifty day moving average price of $58.65 and a 200 day moving average price of $51.60. The stock has a market cap of $37.59 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 1.48 and a beta of 1.50. Delta Air Lines has a 1 year low of $34.74 and a 1 year high of $69.98. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34.

Hedge Funds Weigh In On Delta Air Lines

Large investors have recently modified their holdings of the business. Kingstone Capital Partners Texas LLC acquired a new position in Delta Air Lines in the second quarter valued at about $386,364,000. Pacer Advisors Inc. lifted its position in Delta Air Lines by 5,224.6% in the first quarter. Pacer Advisors Inc. now owns 4,336,709 shares of the transportation company's stock valued at $189,081,000 after buying an additional 4,255,262 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Delta Air Lines by 149.9% in the 1st quarter. AQR Capital Management LLC now owns 5,963,882 shares of the transportation company's stock worth $246,487,000 after acquiring an additional 3,577,489 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Delta Air Lines by 347.4% in the 1st quarter. Ameriprise Financial Inc. now owns 4,232,974 shares of the transportation company's stock worth $184,909,000 after acquiring an additional 3,286,741 shares during the last quarter. Finally, Ninety One UK Ltd lifted its holdings in shares of Delta Air Lines by 1,469.9% in the 1st quarter. Ninety One UK Ltd now owns 3,309,020 shares of the transportation company's stock worth $144,273,000 after acquiring an additional 3,098,237 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

Insider Activity

In other news, EVP Peter W. Carter sold 17,550 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $57.19, for a total transaction of $1,003,684.50. Following the completion of the sale, the executive vice president owned 191,442 shares in the company, valued at $10,948,567.98. This trade represents a 8.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven M. Sear sold 18,000 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $55.96, for a total transaction of $1,007,280.00. Following the sale, the executive vice president directly owned 97,505 shares in the company, valued at approximately $5,456,379.80. The trade was a 15.58% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,050 shares of company stock worth $5,139,795. Corporate insiders own 0.96% of the company's stock.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 annualized dividend and a dividend yield of 1.3%. Delta Air Lines's dividend payout ratio is 10.56%.

About Delta Air Lines

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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