Delta Air Lines (NYSE:DAL) Issues Q1 Earnings Guidance

Delta Air Lines (NYSE:DAL) issued an update on its first quarter earnings guidance on Friday morning. The company provided earnings per share guidance of $0.70-1.00 for the period, compared to the consensus earnings per share estimate of $0.77. The company issued revenue guidance of +7-9% yr/yr $13.44-13.69, compared to the consensus revenue estimate of $13.24 billion. Delta Air Lines also updated its FY 2025 guidance to 7.350- EPS.

Wall Street Analyst Weigh In

DAL has been the topic of a number of research analyst reports. UBS Group reaffirmed a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. Susquehanna increased their price objective 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 upped their target price on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group reissued a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a report on Friday, November 15th. Finally, BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $77.06.

Delta Air Lines Stock Up 0.6 %

Delta Air Lines stock opened at $61.52 on Friday. Delta Air Lines has a 52 week low of $36.34 and a 52 week high of $67.50. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. The stock has a market cap of $39.70 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 1.21 and a beta of 1.35. The company’s 50-day moving average price is $62.10 and its two-hundred day moving average price is $51.73.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same period last year, the company posted $1.28 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts expect that Delta Air Lines will post 6.08 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction dated 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 transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $24,775,004.27. This trade represents a 13.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Alain Bellemare sold 19,490 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the sale, the executive vice president now directly owns 121,961 shares of the company’s stock, valued at $6,739,564.86. This represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,809 shares of company stock worth $7,871,765. 0.96% of the stock is 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.