FY2024 EPS Estimates for Delta Air Lines Raised by Analyst

Delta Air Lines, Inc. (NYSE:DAL) – Research analysts at Seaport Res Ptn increased their FY2024 EPS estimates for Delta Air Lines in a research note issued to investors on Wednesday, January 8th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will earn $6.13 per share 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 earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.09. The business had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.28 earnings per share.

A number of other research analysts also recently commented on the stock. Jefferies Financial Group increased their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 11th. UBS Group reissued a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. Bank of America increased their target price on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Barclays increased their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. One equities 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $77.06.

Delta Air Lines Trading Up 9.1 %

NYSE DAL opened at $66.99 on Friday. Delta Air Lines has a 12 month low of $36.34 and a 12 month high of $68.99. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. The company has a market capitalization of $43.23 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35. The company’s fifty day moving average price is $62.27 and its two-hundred day moving average price is $51.87.

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 68,000 shares of the firm’s stock in a transaction dated 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the firm’s 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 transaction, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 136,809 shares of company stock valued at $7,871,765 in the last quarter. Company insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Delta Air Lines

Large investors have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC acquired a new position in Delta Air Lines during the 3rd quarter valued at about $25,000. Kimelman & Baird LLC acquired a new position in Delta Air Lines during the 2nd quarter valued at about $31,000. Ashton Thomas Securities LLC acquired a new position in Delta Air Lines during the 3rd quarter valued at about $31,000. Modus Advisors LLC bought a new position in shares of Delta Air Lines during the 4th quarter valued at about $33,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Delta Air Lines during the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 69.93% 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.