Delta Air Lines (NYSE:DAL) Releases FY 2024 Earnings Guidance

Delta Air Lines (NYSE:DAL) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 6.000-7.000 for the period, compared to the consensus estimate of 6.460. The company issued revenue guidance of -.

Delta Air Lines Stock Performance

Delta Air Lines stock opened at $51.56 on Friday. The company’s 50-day moving average price is $45.79 and its 200-day moving average price is $40.60. Delta Air Lines has a twelve month low of $30.60 and a twelve month high of $51.65. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. The company has a market cap of $33.00 billion, a PE ratio of 6.63, a price-to-earnings-growth ratio of 0.74 and a beta of 1.38.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The firm had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. During the same period in the previous year, the firm posted $0.25 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities research analysts forecast that Delta Air Lines will post 6.55 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be issued a $0.10 dividend. The ex-dividend date is Monday, May 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.78%. Delta Air Lines’s dividend payout ratio (DPR) is presently 5.14%.

Analyst Ratings Changes

Several brokerages recently commented on DAL. StockNews.com downgraded shares of Delta Air Lines from a buy rating to a hold rating in a report on Thursday, February 22nd. Susquehanna upped their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a positive rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a buy rating in a report on Thursday, April 11th. Bank of America upped their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a buy rating in a report on Thursday, April 11th. Finally, UBS Group began coverage on shares of Delta Air Lines in a report on Wednesday, March 20th. They set a buy rating and a $59.00 price target on the stock. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Buy and an average price target of $58.29.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, President Glen W. Hauenstein sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the transaction, the president now owns 217,584 shares in the company, valued at approximately $10,672,495.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Delta Air Lines news, Director Willie Cw Chiang acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were purchased at an average price of $49.50 per share, for a total transaction of $495,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $495,000. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the completion of the sale, the president now owns 217,584 shares in the company, valued at approximately $10,672,495.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 174,073 shares of company stock worth $8,581,207. 0.89% of the stock is owned by corporate insiders.

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.