Delta Air Lines (NYSE:DAL) Releases Q4 2024 Earnings Guidance

Delta Air Lines (NYSE:DAL) issued an update on its fourth quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 1.600-1.850 for the period, compared to the consensus earnings per share estimate of 1.720. The company issued revenue guidance of $13.9 billion-$14.2 billion, compared to the consensus revenue estimate of $14.6 billion.

Wall Street Analysts Forecast Growth

DAL has been the topic of several recent research reports. Jefferies Financial Group boosted 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. Barclays boosted their target price on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lifted their price target on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. UBS Group reaffirmed a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a report on Tuesday. Finally, BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $75.83.

Delta Air Lines Stock Performance

NYSE DAL opened at $63.62 on Friday. The business’s 50-day simple moving average is $56.41 and its 200-day simple moving average is $49.47. The firm has a market capitalization of $41.05 billion, a P/E ratio of 8.84, a P/E/G ratio of 1.21 and a beta of 1.33. Delta Air Lines has a 1-year low of $35.46 and a 1-year high of $66.25. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. During the same quarter in the previous year, the firm posted $2.03 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. Equities analysts predict that Delta Air Lines will post 6.07 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. Delta Air Lines’s payout ratio is currently 8.33%.

Insider Buying and Selling

In related news, SVP William C. Carroll sold 21,530 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $1,197,608.72. The trade was a 52.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joanne D. Smith sold 3,431 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $50.46, for a total value of $173,128.26. Following the transaction, the executive vice president now directly owns 108,990 shares in the company, valued at approximately $5,499,635.40. This represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,240 shares of company stock worth $8,044,893. 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.