Equities Analysts Offer Predictions for Delta Air Lines, Inc.’s Q4 2024 Earnings (NYSE:DAL)

Delta Air Lines, Inc. (NYSE:DAL) – Stock analysts at Seaport Res Ptn reduced their Q4 2024 earnings per share estimates for shares of Delta Air Lines in a research note issued on Thursday, April 11th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings of $1.65 per share for the quarter, down from their previous estimate of $1.70. The consensus estimate for Delta Air Lines’ current full-year earnings is $6.52 per share.

Several other brokerages have also recently commented on DAL. Deutsche Bank Aktiengesellschaft raised their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Morgan Stanley reissued an “overweight” rating and issued a $85.00 price target on shares of Delta Air Lines in a research report on Thursday, April 11th. TheStreet raised shares of Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. Susquehanna increased their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research report on Tuesday, April 9th. Finally, UBS Group began coverage on shares of Delta Air Lines in a research report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price target for the company. One 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, the company presently has an average rating of “Buy” and a consensus price target of $58.29.

Delta Air Lines Stock Performance

Shares of DAL opened at $46.55 on Monday. Delta Air Lines has a one year low of $30.60 and a one year high of $49.81. The company has a 50-day moving average of $43.71 and a two-hundred day moving average of $39.52. The stock has a market cap of $30.04 billion, a price-to-earnings ratio of 5.98, a PEG ratio of 0.70 and a beta of 1.43. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36.

Delta Air Lines (NYSE:DAL) 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. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The company had revenue of $13.75 billion during the quarter, compared to analysts’ expectations of $12.51 billion. During the same period last year, the company posted $0.25 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, February 26th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.40 annualized dividend and a yield of 0.86%. Delta Air Lines’s dividend payout ratio (DPR) is presently 5.14%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the transaction, the chief executive officer now owns 428,768 shares in the company, valued at $16,807,705.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Delta Air Lines

Several hedge funds and other institutional investors have recently modified their holdings of the stock. First Dallas Securities Inc. grew its stake in shares of Delta Air Lines by 43.3% in the first quarter. First Dallas Securities Inc. now owns 17,280 shares of the transportation company’s stock worth $827,000 after acquiring an additional 5,224 shares during the last quarter. Calton & Associates Inc. grew its stake in shares of Delta Air Lines by 16.1% in the first quarter. Calton & Associates Inc. now owns 6,690 shares of the transportation company’s stock worth $320,000 after acquiring an additional 930 shares during the last quarter. Register Financial Advisors LLC grew its stake in shares of Delta Air Lines by 10.2% in the first quarter. Register Financial Advisors LLC now owns 18,193 shares of the transportation company’s stock worth $871,000 after acquiring an additional 1,687 shares during the last quarter. 180 Wealth Advisors LLC boosted its stake in Delta Air Lines by 2.0% during the first quarter. 180 Wealth Advisors LLC now owns 18,416 shares of the transportation company’s stock worth $882,000 after buying an additional 360 shares in the last quarter. Finally, GoalVest Advisory LLC acquired a new stake in Delta Air Lines during the first quarter worth $50,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

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.