FY2025 EPS Estimates for Delta Air Lines, Inc. Increased by Seaport Res Ptn (NYSE:DAL)

Delta Air Lines, Inc. (NYSE:DAL) – Seaport Res Ptn increased their FY2025 earnings estimates for Delta Air Lines in a report issued on Thursday, April 11th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings of $7.75 per share for the year, up from their previous estimate of $7.25. The consensus estimate for Delta Air Lines’ current full-year earnings is $6.51 per share.

Delta Air Lines (NYSE:DAL) last released its earnings results on Wednesday, April 10th. 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 firm had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year.

Other equities analysts also recently issued research reports about the stock. Susquehanna boosted their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a report on Tuesday. 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 report on Thursday. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. TheStreet upgraded shares of 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 issued a $85.00 price target on shares of Delta Air Lines in a research report on Thursday. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $58.29.

Delta Air Lines Price Performance

DAL stock opened at $46.86 on Friday. Delta Air Lines has a one year low of $30.60 and a one year high of $49.81. The company’s fifty day moving average price is $43.44 and its 200-day moving average price is $39.35. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.34 and a current ratio of 0.41. The company has a market capitalization of $30.15 billion, a PE ratio of 6.02, a price-to-earnings-growth ratio of 0.70 and a beta of 1.43.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, February 26th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Friday, February 23rd. Delta Air Lines’s payout ratio is presently 5.14%.

Insider Transactions at Delta Air Lines

In other news, CEO Edward H. Bastian sold 71,840 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $39.20, for a total value of $2,816,128.00. Following the transaction, the chief executive officer now directly owns 428,768 shares in the company, valued at $16,807,705.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.89% of the company’s stock.

Institutional Trading of Delta Air Lines

A number of hedge funds have recently added to or reduced their stakes in DAL. Wellington Management Group LLP lifted its stake in Delta Air Lines by 220.2% in the fourth quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock worth $346,008,000 after acquiring an additional 5,914,301 shares during the period. Norges Bank purchased a new stake in Delta Air Lines in the fourth quarter worth about $60,640,000. Capital International Investors lifted its stake in Delta Air Lines by 8.8% in the fourth quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock worth $842,283,000 after acquiring an additional 1,689,053 shares during the period. Jennison Associates LLC lifted its stake in Delta Air Lines by 145.2% in the fourth quarter. Jennison Associates LLC now owns 2,618,627 shares of the transportation company’s stock worth $105,347,000 after acquiring an additional 1,550,770 shares during the period. Finally, Amundi lifted its stake in Delta Air Lines by 79.5% in the fourth quarter. Amundi now owns 3,396,524 shares of the transportation company’s stock worth $129,679,000 after acquiring an additional 1,504,544 shares during the period. 69.93% of the stock is owned by hedge funds and other institutional investors.

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.