Delta Air Lines (NYSE:DAL) Issues 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 Analyst Weigh In

DAL has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a buy rating in a report on Thursday, April 11th. UBS Group began coverage on shares of Delta Air Lines in a report on Wednesday, March 20th. They issued a buy rating and a $59.00 target price on the stock. Bank of America lifted their target price on Delta Air Lines from $53.00 to $55.00 and gave the stock a buy rating in a research note on Thursday, April 11th. Susquehanna upped their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a positive rating in a research note on Tuesday, April 9th. Finally, StockNews.com cut shares of Delta Air Lines from a buy rating to a hold rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines presently has a consensus rating of Buy and a consensus target price of $58.29.

Delta Air Lines Stock Up 1.0 %

NYSE DAL opened at $51.56 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. Delta Air Lines has a fifty-two week low of $30.60 and a fifty-two week high of $51.65. The stock has a market capitalization of $33.00 billion, a PE ratio of 6.63, a PEG ratio of 0.76 and a beta of 1.38. The business has a fifty day moving average price of $45.79 and a two-hundred day moving average price of $40.60.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $13.75 billion for the quarter, compared to analysts’ expectations of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 earnings per share. Equities analysts expect that Delta Air Lines will post 6.55 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

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

Insider Activity at Delta Air Lines

In other news, Director Willie Cw Chiang acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average price of $49.50 per share, with a total value of $495,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $495,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Delta Air Lines news, Director Willie Cw Chiang purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were bought at an average price of $49.50 per share, for a total transaction of $495,000.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $495,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alain Bellemare sold 24,073 shares of Delta Air Lines stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value of $1,176,206.78. Following the transaction, the executive vice president now directly owns 141,451 shares in the company, valued at $6,911,295.86. The disclosure for this sale can be found here. Insiders sold a total of 174,073 shares of company stock valued at $8,581,207 in the last quarter. Insiders own 0.89% of the company’s stock.

About Delta Air Lines

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.