FY2024 EPS Estimates for Delta Air Lines, Inc. (NYSE:DAL) Raised by Analyst

Delta Air Lines, Inc. (NYSE:DAL) – Research analysts at Zacks Research boosted their FY2024 earnings per share estimates for Delta Air Lines in a research report issued on Wednesday, May 1st. Zacks Research analyst M. Basu now anticipates that the transportation company will earn $6.70 per share for the year, up from their prior estimate of $6.17. The consensus estimate for Delta Air Lines’ current full-year earnings is $6.61 per share. Zacks Research also issued estimates for Delta Air Lines’ Q4 2024 earnings at $1.57 EPS, Q3 2025 earnings at $2.14 EPS, FY2025 earnings at $7.27 EPS and Q1 2026 earnings at $1.58 EPS.

A number of other brokerages also recently commented on DAL. Bank of America boosted their target price on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Morgan Stanley restated an “overweight” rating and issued a $85.00 price objective on shares of Delta Air Lines in a research note on Thursday, April 11th. Susquehanna upped their price objective on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research note on Tuesday, April 9th. UBS Group initiated coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price objective for the company. Finally, 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, April 11th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and a consensus price target of $58.29.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $52.20 on Monday. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. The firm has a fifty day moving average price of $46.41 and a 200 day moving average price of $41.09. The company has a market cap of $33.41 billion, a P/E ratio of 6.71, a PEG ratio of 0.76 and a beta of 1.38. Delta Air Lines has a 12 month low of $30.60 and a 12 month high of $53.00.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The firm 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%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share.

Institutional Investors Weigh In On Delta Air Lines

A number of institutional investors and hedge funds have recently modified their holdings of DAL. Capital International Investors raised its holdings in Delta Air Lines by 8.8% during the fourth quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock worth $842,283,000 after purchasing an additional 1,689,053 shares during the last quarter. Capital World Investors raised its stake in shares of Delta Air Lines by 0.5% during the 4th quarter. Capital World Investors now owns 14,981,124 shares of the transportation company’s stock worth $602,691,000 after buying an additional 79,818 shares during the last quarter. Morgan Stanley raised its stake in shares of Delta Air Lines by 8.7% during the 3rd quarter. Morgan Stanley now owns 10,839,122 shares of the transportation company’s stock worth $401,048,000 after buying an additional 865,746 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Delta Air Lines by 220.2% in the 4th quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock worth $346,008,000 after buying an additional 5,914,301 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Delta Air Lines by 10.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,374,052 shares of the transportation company’s stock valued at $336,908,000 after acquiring an additional 826,232 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In related news, President Glen W. Hauenstein sold 100,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were 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 owns 217,584 shares in the company, valued at $10,672,495.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Willie Cw Chiang bought 10,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were bought at an average cost of $49.50 per share, for a total transaction of $495,000.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $495,000. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Glen W. Hauenstein sold 100,000 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the transaction, the president now directly owns 217,584 shares in the company, valued at $10,672,495.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 174,073 shares of company stock worth $8,581,207. Company insiders own 0.89% of the company’s stock.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.77%. 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.