Q4 2024 Earnings Estimate for Delta Air Lines, Inc. Issued By Zacks Research (NYSE:DAL)

Delta Air Lines, Inc. (NYSE:DAL) – Equities research analysts at Zacks Research increased their Q4 2024 EPS estimates for Delta Air Lines in a research report issued on Monday, September 16th. Zacks Research analyst M. Basu now expects that the transportation company will earn $1.89 per share for the quarter, up from their prior estimate of $1.67. The consensus estimate for Delta Air Lines’ current full-year earnings is $5.99 per share. Zacks Research also issued estimates for Delta Air Lines’ Q1 2025 earnings at $0.77 EPS, Q2 2025 earnings at $2.56 EPS, Q4 2025 earnings at $2.15 EPS and FY2025 earnings at $7.47 EPS.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.01). Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The business had revenue of $15.41 billion during the quarter, compared to analyst estimates of $15.45 billion. During the same quarter in the prior year, the company earned $2.68 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis.

Several other equities research analysts also recently commented on the stock. Jefferies Financial Group lowered their target price on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, June 28th. TD Cowen lowered their target price on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Sanford C. Bernstein lowered their target price on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, July 12th. Finally, Citigroup upped their target price on shares of Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines currently has an average rating of “Buy” and an average target price of $61.52.

Delta Air Lines Trading Down 0.4 %

Shares of NYSE DAL opened at $46.93 on Thursday. The company’s 50 day simple moving average is $42.36 and its 200 day simple moving average is $46.25. Delta Air Lines has a fifty-two week low of $30.60 and a fifty-two week high of $53.86. The firm has a market capitalization of $30.28 billion, a P/E ratio of 6.75, a P/E/G ratio of 0.89 and a beta of 1.34. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, October 10th. Delta Air Lines’s dividend payout ratio is 8.63%.

Insider Transactions at Delta Air Lines

In related news, Director Willie Cw Chiang acquired 10,000 shares of the stock in a transaction dated Friday, July 12th. The stock was bought at an average price of $43.90 per share, with a total value of $439,000.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $878,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.96% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Manchester Capital Management LLC boosted its holdings in Delta Air Lines by 24.7% during the first quarter. Manchester Capital Management LLC now owns 983 shares of the transportation company’s stock worth $47,000 after purchasing an additional 195 shares during the last quarter. HBK Sorce Advisory LLC boosted its holdings in Delta Air Lines by 4.0% during the first quarter. HBK Sorce Advisory LLC now owns 5,772 shares of the transportation company’s stock worth $276,000 after purchasing an additional 221 shares during the last quarter. Silverlake Wealth Management LLC boosted its holdings in Delta Air Lines by 2.9% during the first quarter. Silverlake Wealth Management LLC now owns 8,145 shares of the transportation company’s stock worth $390,000 after purchasing an additional 229 shares during the last quarter. Lindbrook Capital LLC lifted its stake in Delta Air Lines by 7.2% in the first quarter. Lindbrook Capital LLC now owns 3,472 shares of the transportation company’s stock valued at $166,000 after acquiring an additional 233 shares during the last quarter. Finally, Norden Group LLC lifted its stake in Delta Air Lines by 1.8% in the first quarter. Norden Group LLC now owns 14,006 shares of the transportation company’s stock valued at $670,000 after acquiring an additional 243 shares during the last quarter. 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.