FY2024 EPS Estimates for Delta Air Lines Raised by Analyst

Delta Air Lines, Inc. (NYSE:DAL) – Seaport Res Ptn boosted their FY2024 earnings estimates for shares of Delta Air Lines in a report released on Wednesday, January 8th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will post earnings per share of $6.13 for the year, up from their prior 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.

A number of other research analysts also recently commented on the company. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Jefferies Financial Group boosted their price target on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Barclays raised their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Susquehanna lifted their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Finally, Citigroup increased their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $77.06.

Delta Air Lines Trading Up 9.1 %

Delta Air Lines stock opened at $66.99 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. Delta Air Lines has a 12 month low of $36.34 and a 12 month high of $68.99. The company’s fifty day simple moving average is $62.27 and its 200-day simple moving average is $51.87. The stock has a market cap of $43.23 billion, a P/E ratio of 9.30, a P/E/G ratio of 1.21 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last released its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same quarter in the prior year, the company earned $1.28 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis.

Institutional Trading of Delta Air Lines

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pzena Investment Management LLC bought a new position in Delta Air Lines in the third quarter valued at about $281,206,000. Castle Hook Partners LP bought a new position in Delta Air Lines in the third quarter valued at about $189,296,000. Jupiter Asset Management Ltd. bought a new position in Delta Air Lines during the second quarter worth about $60,217,000. Dimensional Fund Advisors LP boosted its holdings in Delta Air Lines by 12.5% during the second quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock worth $471,330,000 after buying an additional 1,105,674 shares during the last quarter. Finally, Sanders Capital LLC boosted its holdings in Delta Air Lines by 2.8% during the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after buying an additional 749,099 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Alain Bellemare sold 19,490 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $55.26, for a total value of $1,077,017.40. Following the completion of the sale, the executive vice president now owns 121,961 shares of the company’s stock, valued at approximately $6,739,564.86. This trade represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 136,809 shares of company stock worth $7,871,765 over the last three months. 0.96% of the stock is currently owned by corporate insiders.

About Delta Air Lines

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.