Seaport Res Ptn Predicts Delta Air Lines FY2025 Earnings

Delta Air Lines, Inc. (NYSE:DAL) – Stock analysts at Seaport Res Ptn increased their FY2025 EPS estimates for Delta Air Lines in a note issued to investors on Thursday, October 9th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings per share of $5.97 for the year, up from their previous estimate of $5.81. The consensus estimate for Delta Air Lines’ current full-year earnings is $7.63 per share.

Several other equities analysts also recently issued reports on DAL. Bernstein Bank increased their price objective on shares of Delta Air Lines from $60.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, July 11th. Wall Street Zen raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Saturday. Wolfe Research lifted their price objective on Delta Air Lines from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. UBS Group increased their target price on Delta Air Lines from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday. Finally, Dbs Bank upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $70.31.

Delta Air Lines Trading Up 2.1%

Shares of NYSE:DAL opened at $58.68 on Monday. The business’s 50 day moving average price is $58.77 and its 200-day moving average price is $51.70. Delta Air Lines has a 1 year low of $34.74 and a 1 year high of $69.98. The firm has a market capitalization of $38.32 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 1.48 and a beta of 1.50. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. The company had revenue of $8.40 billion during the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be given a dividend of $0.1875 per share. The ex-dividend date is Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a yield of 1.3%. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.56%.

Insiders Place Their Bets

In other news, CEO Edward H. Bastian sold 35,000 shares of Delta Air Lines stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $56.28, for a total transaction of $1,969,800.00. Following the transaction, the chief executive officer owned 632,823 shares in the company, valued at $35,615,278.44. The trade was a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael P. Huerta sold 2,500 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total transaction of $151,750.00. Following the transaction, the director directly owned 33,245 shares in the company, valued at approximately $2,017,971.50. The trade was a 6.99% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Delta Air Lines

Institutional investors and hedge funds have recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Delta Air Lines by 33.5% during the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock valued at $555,000 after buying an additional 2,302 shares during the period. Farther Finance Advisors LLC increased its stake in Delta Air Lines by 169.9% during the first quarter. Farther Finance Advisors LLC now owns 14,391 shares of the transportation company’s stock worth $610,000 after acquiring an additional 9,059 shares during the last quarter. GAMMA Investing LLC raised its position in Delta Air Lines by 3.7% in the first quarter. GAMMA Investing LLC now owns 9,585 shares of the transportation company’s stock valued at $418,000 after purchasing an additional 344 shares during the period. CVA Family Office LLC raised its position in Delta Air Lines by 8.7% in the first quarter. CVA Family Office LLC now owns 3,935 shares of the transportation company’s stock valued at $172,000 after purchasing an additional 315 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Delta Air Lines by 22.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 109,977 shares of the transportation company’s stock valued at $4,795,000 after purchasing an additional 20,057 shares during the last quarter. 69.93% of the stock is currently 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.