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How To Know If Delta Air Lines, Inc. (NYSE:DAL) Is Expensive At $40.18.

In recent trading session, Delta Air Lines, Inc. (NYSE:DAL) saw 1.99 million shares changing hands at last check today with its beta currently measuring 1.43. Company’s recent per share price level of $40.18 trading at -$0.17 or -0.42% at last check today assigns it a market valuation of $25.85B. That most recent trading price of DAL’s stock is at a discount of -23.97% from its 52-week high price of $49.81 and is indicating a premium of 23.84% from its 52-week low price of $30.60. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.72 million shares which gives us an average trading volume of 10.35 million if we extend that period to 3-months.

Delta Air Lines, Inc. (NYSE:DAL) trade information

Upright in the red during last session for losing -0.42%, in the last five days DAL remained trading in the green while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $40.18 price level, adding 1.69% to its value on the day. Delta Air Lines, Inc.’s shares saw a change of -0.12% in year-to-date performance and have moved 0.50% in past 5-day. Delta Air Lines, Inc. (NYSE:DAL) showed a performance of -4.58% in past 30-days. Number of shares sold short was 14.58 million shares which calculate 1.34 days to cover the short interests.

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Delta Air Lines, Inc. (DAL) estimates and forecasts

Statistics highlight that Delta Air Lines, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -10.43% of value to its shares in past 6 months, showing an annual growth rate of 5.12% while that of industry is 1.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 52.00% in the current quarter and calculating -14.60% decrease in the next quarter. This year revenue growth is estimated to fall -1.30% from the last financial year’s standing.

11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $12.53 billion for the same. And 11 analysts are in estimates of company making revenue of $15.19 billion in the next quarter that will end on Jun 2024. Company posted $11.84 billion and $14.61 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 5.80% while estimating it to be 4.00% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 4.81% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 3.37% while estimates for its earnings growth in next 5 years are of 20.12%.

DAL Dividends

Delta Air Lines, Inc. is more likely to be releasing its next quarterly report between April 11 and April 15 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Delta Air Lines, Inc. (NYSE:DAL)’s Major holders

Insiders are in possession of 0.30% of company’s total shares while institution are holding 71.17 percent of that, with stock having share float percentage of 71.39%. Investors also watch the number of corporate investors in a company very closely, which is 71.17% institutions for Delta Air Lines, Inc. that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at DAL for having 72.47 million shares of worth $3.45 billion. And as of Jun 29, 2023, it was holding 11.26% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 39.89 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 6.20% of outstanding shares, having a total worth of $1.9 billion.

On the other hand, Vanguard Total Stock Market Index Fund and Growth Fund Of America Inc are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 20.11 million shares of worth $956.03 million or 3.13% of the total outstanding shares. The later fund manager was in possession of 15.73 million shares on Jun 29, 2023, making its stake of worth around $747.66 million in the company or a holder of 2.44% of company’s stock.

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