Analysts Issue Forecasts for Delta Air Lines FY2024 Earnings

Delta Air Lines, Inc. (NYSE:DAL) – Stock analysts at Seaport Res Ptn upped their FY2024 earnings estimates for Delta Air Lines in a research report issued on Wednesday, January 8th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings of $6.13 per share for the year, up from their prior forecast 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.

Several other research firms have also weighed in on DAL. The Goldman Sachs Group reaffirmed a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. Sanford C. Bernstein lifted their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Susquehanna increased their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday. Citigroup lifted their price target on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, TD Cowen upped their price target on Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $77.06.

Delta Air Lines Trading Up 9.1 %

Shares of NYSE:DAL opened at $66.99 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.34 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 business has a 50 day moving average of $62.27 and a two-hundred day moving average of $51.85. The company has a market capitalization of $43.23 billion, a PE ratio of 9.30, a PEG ratio of 1.21 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share 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 business had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same quarter last year, the business posted $1.28 EPS. The company’s revenue was up 9.4% on a year-over-year basis.

Institutional Investors Weigh In On Delta Air Lines

Hedge funds have recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new position in Delta Air Lines during the third quarter worth about $25,000. Modus Advisors LLC acquired a new position in Delta Air Lines in the fourth quarter valued at approximately $33,000. Versant Capital Management Inc lifted its holdings in Delta Air Lines by 829.2% in the fourth quarter. Versant Capital Management Inc now owns 604 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 539 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Delta Air Lines in the third quarter valued at approximately $31,000. Finally, Kimelman & Baird LLC purchased a new position in Delta Air Lines in the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Allison C. Ausband sold 7,510 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total value of $470,276.20. Following the completion of the sale, the executive vice president now directly owns 58,897 shares in the company, valued at $3,688,130.14. This represents a 11.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward H. Bastian sold 68,000 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $24,775,004.27. This trade represents a 13.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 136,809 shares of company stock worth $7,871,765. Insiders own 0.96% of the company’s stock.

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.