Zacks Research Brokers Lift Earnings Estimates for Delta Air Lines, Inc. (NYSE:DAL)

Delta Air Lines, Inc. (NYSE:DAL) – Stock analysts at Zacks Research upped their Q4 2024 earnings estimates for shares of Delta Air Lines in a research report issued on Monday, September 16th. Zacks Research analyst M. Basu now anticipates that the transportation company will earn $1.89 per share for the quarter, up from their previous 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.

Delta Air Lines (NYSE:DAL) last announced its 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 business had revenue of $15.41 billion for the quarter, compared to analysts’ expectations of $15.45 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.68 earnings per share.

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

Delta Air Lines Trading Up 0.5 %

NYSE:DAL opened at $46.93 on Thursday. The firm has a market capitalization of $30.28 billion, a price-to-earnings ratio of 6.75, a price-to-earnings-growth 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. The business has a fifty day moving average price of $42.25 and a 200-day moving average price of $46.21. Delta Air Lines has a one year low of $30.60 and a one year high of $53.86.

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 that occurred on Friday, July 12th. The shares were bought at an average cost of $43.90 per share, for a total transaction of $439,000.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $878,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.96% of the company’s stock.

Institutional Trading of Delta Air Lines

Several hedge funds have recently modified their holdings of DAL. Manchester Capital Management LLC raised its stake 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 valued at $47,000 after purchasing an additional 195 shares in the last quarter. HBK Sorce Advisory LLC lifted its holdings in shares of Delta Air Lines by 4.0% in the 1st quarter. HBK Sorce Advisory LLC now owns 5,772 shares of the transportation company’s stock valued at $276,000 after acquiring an additional 221 shares during the last quarter. Silverlake Wealth Management LLC grew its position in Delta Air Lines by 2.9% in the first quarter. Silverlake Wealth Management LLC now owns 8,145 shares of the transportation company’s stock worth $390,000 after acquiring an additional 229 shares in the last quarter. Lindbrook Capital LLC increased its stake in Delta Air Lines by 7.2% during the first quarter. Lindbrook Capital LLC now owns 3,472 shares of the transportation company’s stock worth $166,000 after acquiring an additional 233 shares during the last quarter. Finally, Norden Group LLC raised its position in Delta Air Lines by 1.8% during the first quarter. Norden Group LLC now owns 14,006 shares of the transportation company’s stock valued at $670,000 after purchasing an additional 243 shares during the period. 69.93% of the stock is owned by hedge funds and other 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.