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

Delta Air Lines (NYSE:DAL) updated its first quarter earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $0.70-1.00 for the period, compared to the consensus 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.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Sanford C. Bernstein raised their target price on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. TD Cowen upped their target price on Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. UBS Group restated a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a research report on Tuesday, November 26th. Citigroup increased their price objective on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. One 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 currently has an average rating of “Buy” and a consensus target price of $77.06.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $66.99 on Friday. Delta Air Lines has a 12 month low of $36.34 and a 12 month high of $68.99. The stock’s fifty day moving average price is $62.27 and its 200-day moving average price is $51.87. The firm 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. 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 (NYSE:DAL) last announced 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 $1.76 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 for the quarter, compared to the consensus estimate of $14.20 billion. During the same period last year, the business posted $1.28 EPS. The business’s revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts expect that Delta Air Lines will post 6.08 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP William C. Carroll sold 21,530 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,197,608.72. This represents a 52.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alain Bellemare sold 19,490 shares of the firm’s stock in a transaction that occurred 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 directly owns 121,961 shares in the company, valued at approximately $6,739,564.86. The trade was a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 136,809 shares of company stock worth $7,871,765 over the last 90 days. 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.