FY2024 EPS Estimate for Delta Air Lines Lifted by Analyst

Delta Air Lines, Inc. (NYSE:DAL) – Analysts at Seaport Res Ptn boosted their FY2024 earnings estimates for Delta Air Lines in a research note issued on Wednesday, January 8th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings of $6.13 per share for the year, up from their previous forecast 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 posted its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.65 billion. During the same period in the prior year, the firm posted $2.03 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis.

DAL has been the subject of a number of other research reports. Jefferies Financial Group boosted their target price on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Susquehanna increased their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given 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 price target of $77.06.

Delta Air Lines Trading Up 0.6 %

Shares of DAL stock opened at $61.52 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. The firm has a market cap of $39.70 billion, a P/E ratio of 8.54, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35. The business has a 50-day moving average price of $62.10 and a two-hundred day moving average price of $51.73. Delta Air Lines has a 12-month low of $36.34 and a 12-month high of $67.50.

Hedge Funds Weigh In On Delta Air Lines

A number of institutional investors and hedge funds have recently made changes to their positions in DAL. Sanders Capital LLC increased its position in Delta Air Lines by 2.8% during the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after buying an additional 749,099 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Delta Air Lines by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock worth $789,452,000 after purchasing an additional 416,338 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Delta Air Lines by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock worth $471,330,000 after purchasing an additional 1,105,674 shares in the last quarter. Pzena Investment Management LLC purchased a new stake in Delta Air Lines during the 3rd quarter valued at about $281,206,000. Finally, Castle Hook Partners LP bought a new stake in Delta Air Lines during the 3rd quarter valued at about $189,296,000. Institutional investors own 69.93% of the company’s stock.

Insider Activity

In related news, EVP Alain Bellemare sold 19,490 shares of Delta Air Lines stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the sale, the executive vice president now directly owns 121,961 shares in the company, valued at $6,739,564.86. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 68,000 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $24,775,004.27. This trade represents a 13.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 136,809 shares of company stock valued at $7,871,765. Corporate insiders own 0.96% of the company’s stock.

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.