FY2024 EPS Estimate for Delta Air Lines Boosted by Analyst

Delta Air Lines, Inc. (NYSE:DAL) – Seaport Res Ptn upped their FY2024 earnings per share estimates for shares of Delta Air Lines in a report released on Wednesday, January 8th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will post earnings per share of $6.13 for the year, up from their previous estimate of $6.12. The consensus estimate for Delta Air Lines’ current full-year earnings is $6.08 per share. Seaport Res Ptn also issued estimates for Delta Air Lines’ Q3 2025 earnings at $2.15 EPS, Q4 2025 earnings at $1.90 EPS, FY2025 earnings at $7.25 EPS and FY2027 earnings at $8.50 EPS.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.03 earnings per share.

Several other research firms have also recently weighed in on DAL. UBS Group restated a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. The Goldman Sachs Group reissued a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, TD Cowen upped their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Delta Air Lines currently has a consensus rating of “Buy” and a consensus target price of $77.06.

Delta Air Lines Trading Up 0.6 %

Shares of DAL stock opened at $61.52 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. Delta Air Lines has a 12-month low of $36.34 and a 12-month high of $67.50. The stock has a market capitalization of $39.70 billion, a P/E ratio of 8.54, a P/E/G ratio of 1.21 and a beta of 1.35. The firm’s 50 day moving average is $62.10 and its 200 day moving average is $51.73.

Insider Buying and Selling

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,197,608.72. This represents a 52.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Allison C. Ausband sold 7,510 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total value of $470,276.20. Following the completion of the sale, the executive vice president now owns 58,897 shares in the company, valued at $3,688,130.14. This represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,809 shares of company stock valued at $7,871,765. Corporate insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Delta Air Lines

Several institutional investors have recently bought and sold shares of the business. Strategic Financial Concepts LLC bought a new position in shares of Delta Air Lines in the 2nd quarter valued at about $36,000. Acadian Asset Management LLC purchased a new position in shares of Delta Air Lines in the 2nd quarter worth approximately $302,000. Caprock Group LLC bought a new position in shares of Delta Air Lines during the 2nd quarter valued at approximately $493,000. Ballentine Partners LLC raised its holdings in Delta Air Lines by 12.3% during the 2nd quarter. Ballentine Partners LLC now owns 5,856 shares of the transportation company’s stock valued at $278,000 after buying an additional 643 shares during the period. Finally, PFG Investments LLC lifted its position in Delta Air Lines by 4.0% in the second quarter. PFG Investments LLC now owns 7,884 shares of the transportation company’s stock worth $374,000 after buying an additional 304 shares during the last quarter. Institutional investors own 69.93% 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.