Seaport Res Ptn Weighs in on Delta Air Lines, Inc.’s Q4 2024 Earnings (NYSE:DAL)

Delta Air Lines, Inc. (NYSE:DAL) – Seaport Res Ptn cut their Q4 2024 earnings per share (EPS) estimates for shares of 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 $1.65 per share for the quarter, down from their prior estimate of $1.70. The consensus estimate for Delta Air Lines’ current full-year earnings is $6.52 per share.

Several other equities research analysts have also commented on the company. Bank of America upped their target price on Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley reiterated an “overweight” rating and issued a $85.00 price target on shares of Delta Air Lines in a report on Thursday. TheStreet upgraded Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. UBS Group started coverage on Delta Air Lines in a report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $58.29.

Delta Air Lines Stock Down 1.6 %

Shares of Delta Air Lines stock opened at $46.86 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 debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.34. The stock’s 50-day moving average is $43.44 and its 200 day moving average is $39.39. The firm has a market cap of $30.24 billion, a price-to-earnings ratio of 6.02, a PEG ratio of 0.70 and a beta of 1.43.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The firm had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. During the same quarter in the previous year, the company posted $0.25 EPS. The business’s revenue was up 7.8% on a year-over-year basis.

Institutional Investors Weigh In On Delta Air Lines

A number of large investors have recently added to or reduced their stakes in DAL. Wealth Management Partners LLC lifted its stake in shares of Delta Air Lines by 31.8% in the 1st quarter. Wealth Management Partners LLC now owns 11,594 shares of the transportation company’s stock valued at $555,000 after acquiring an additional 2,800 shares during the last quarter. Navalign LLC grew its holdings in shares of Delta Air Lines by 5.6% during the 1st quarter. Navalign LLC now owns 18,368 shares of the transportation company’s stock worth $879,000 after acquiring an additional 966 shares during the period. Global Assets Advisory LLC purchased a new position in shares of Delta Air Lines during the 1st quarter worth approximately $1,710,000. Range Financial Group LLC purchased a new position in shares of Delta Air Lines during the 1st quarter worth approximately $205,000. Finally, Anderson Hoagland & Co. grew its holdings in shares of Delta Air Lines by 1.0% during the 1st quarter. Anderson Hoagland & Co. now owns 76,302 shares of the transportation company’s stock worth $3,528,000 after acquiring an additional 740 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 428,768 shares in the company, valued at $16,807,705.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.89% of the stock is owned by corporate insiders.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines’s dividend payout ratio 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.