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

Delta Air Lines, Inc. (NYSE:DAL) – Analysts at Zacks Research increased their Q4 2024 earnings estimates for Delta Air Lines in a research note issued on Monday, September 16th. Zacks Research analyst M. Basu now anticipates that the transportation company will post earnings per share of $1.89 for the quarter, up from their prior forecast 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.

Other analysts have also recently issued research reports about the stock. Citigroup raised their target price on shares of Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Sanford C. Bernstein cut 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. TD Cowen cut 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. Finally, Jefferies Financial Group cut 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. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Delta Air Lines has an average rating of “Buy” and a consensus target price of $61.52.

Delta Air Lines Stock Performance

NYSE DAL opened at $46.93 on Thursday. The firm has a 50-day moving average of $42.36 and a 200-day moving average of $46.25. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. The stock has a market cap of $30.28 billion, a PE ratio of 6.75, a P/E/G ratio of 0.89 and a beta of 1.34. Delta Air Lines has a 52-week low of $30.60 and a 52-week high of $53.86.

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

Delta Air Lines Announces Dividend

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

Insider Buying and Selling at Delta Air Lines

In other news, Director Willie Cw Chiang bought 10,000 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were purchased at an average cost of $43.90 per share, with a total value of $439,000.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at $878,000. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Delta Air Lines

Several hedge funds have recently bought and sold shares of DAL. Wellington Management Group LLP increased its holdings in Delta Air Lines by 220.2% in the 4th quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock valued at $346,008,000 after buying an additional 5,914,301 shares during the period. Capital International Investors grew its holdings in shares of Delta Air Lines by 8.8% during the 4th quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock valued at $842,283,000 after purchasing an additional 1,689,053 shares during the last quarter. Norges Bank bought a new stake in shares of Delta Air Lines during the 4th quarter valued at approximately $65,056,000. Royal London Asset Management Ltd. grew its holdings in shares of Delta Air Lines by 27.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock valued at $260,198,000 after purchasing an additional 1,376,221 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Delta Air Lines during the 2nd quarter valued at approximately $60,217,000. 69.93% of the stock is owned by 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.