Seaport Res Ptn Lifts Earnings Estimates for Delta Air Lines

Delta Air Lines, Inc. (NYSE:DAL) – Equities research analysts at Seaport Res Ptn boosted their FY2024 earnings per share estimates for shares of Delta Air Lines in a report issued on Wednesday, January 8th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will post earnings of $6.13 per share for the year, up from their prior 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.

Several other brokerages have also issued reports on DAL. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Barclays boosted their price objective on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Citigroup increased their target price on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group reissued a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a research note on Friday, November 15th. Finally, Bank of America raised their price target on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $77.06.

Delta Air Lines Price Performance

DAL stock opened at $66.99 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 $68.99. The stock has a market cap of $43.23 billion, a PE ratio of 9.30, a P/E/G ratio of 1.21 and a beta of 1.35. The company has a 50-day moving average price of $62.27 and a 200 day moving average price of $51.85.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.76 by $0.09. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The company had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same period in the previous year, the firm earned $1.28 earnings per share. Delta Air Lines’s quarterly revenue was up 9.4% compared to the same quarter last year.

Insider Buying and Selling

In related news, EVP Allison C. Ausband sold 7,510 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total transaction of $470,276.20. Following the completion of the transaction, the executive vice president now owns 58,897 shares in the company, valued at $3,688,130.14. The trade was a 11.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Edward H. Bastian sold 68,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the sale, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $24,775,004.27. The trade was a 13.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 136,809 shares of company stock valued at $7,871,765 over the last 90 days. Corporate insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Delta Air Lines

A number of large investors have recently made changes to their positions in the business. Future Financial Wealth Managment LLC purchased a new position in Delta Air Lines during the 3rd quarter worth $25,000. Kimelman & Baird LLC purchased a new stake in shares of Delta Air Lines during the second quarter worth about $31,000. Ashton Thomas Securities LLC purchased a new stake in shares of Delta Air Lines during the third quarter worth about $31,000. Modus Advisors LLC acquired a new position in shares of Delta Air Lines during the fourth quarter valued at about $33,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Delta Air Lines in the 2nd quarter valued at approximately $36,000. 69.93% of the stock is owned by institutional investors and hedge funds.

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.