Delta Air Lines (NYSE:DAL) Updates FY 2024 Earnings Guidance

Delta Air Lines (NYSE:DAL) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 6.000-7.000 for the period, compared to the consensus EPS estimate of 6.460. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DAL shares. 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. Bank of America lifted their target price on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a buy rating in a research note on Thursday, April 11th. StockNews.com downgraded shares of Delta Air Lines from a buy rating to a hold rating in a research note on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on Delta Air Lines from $50.00 to $60.00 and gave the stock a buy rating in a report on Thursday, April 11th. Finally, UBS Group initiated coverage on Delta Air Lines in a research note on Wednesday, March 20th. They issued a buy rating and a $59.00 target price on the stock. One research 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, the company presently has a consensus rating of Buy and a consensus target price of $58.29.

Delta Air Lines Stock Up 1.0 %

Shares of Delta Air Lines stock opened at $51.56 on Friday. Delta Air Lines has a 12-month low of $30.60 and a 12-month high of $51.65. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. The stock has a 50 day moving average price of $45.79 and a two-hundred day moving average price of $40.60. The stock has a market capitalization of $33.00 billion, a P/E ratio of 6.63, a PEG ratio of 0.76 and a beta of 1.38.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The business 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%. Delta Air Lines’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 EPS. Equities analysts expect that Delta Air Lines will post 6.55 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be paid a $0.10 dividend. The ex-dividend date is Monday, May 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.78%. Delta Air Lines’s payout ratio is presently 5.14%.

Insider Activity at Delta Air Lines

In other news, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was 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 directly owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, President Glen W. Hauenstein sold 100,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the transaction, the president now owns 217,584 shares in the company, valued at approximately $10,672,495.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Willie Cw Chiang bought 10,000 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average price of $49.50 per share, with a total value of $495,000.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $495,000. The disclosure for this purchase can be found here. Insiders sold a total of 174,073 shares of company stock worth $8,581,207 in the last 90 days. 0.89% of the stock is owned by company insiders.

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.