Delta Air Lines (NYSE:DAL) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Delta Air Lines (NYSE:DAL) announced its earnings results on Thursday. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.02), RTT News reports. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. During the same period in the prior year, the company earned $2.03 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Delta Air Lines updated its Q4 2024 guidance to 1.600-1.850 EPS and its Q4 guidance to $1.60-1.85 EPS.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $51.33 on Friday. The company has a fifty day simple moving average of $44.19 and a 200-day simple moving average of $46.89. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $33.13 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 0.98 and a beta of 1.35. Delta Air Lines has a 52-week low of $30.60 and a 52-week high of $53.86.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a $0.15 dividend. The ex-dividend date is Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.17%. Delta Air Lines’s payout ratio is currently 8.63%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Bank of America upped their price target on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday. Sanford C. Bernstein upped their target price on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday. Susquehanna raised their price objective on Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday. Finally, Barclays upped their target price on Delta Air Lines from $52.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $65.40.

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.