Delta Air Lines, Inc. (NYSE:DAL)’s traded shares stood at 2.13 million during the latest session, with the company’s beta value hitting 1.36. At the last check today, the stock’s price was $47.76, to imply a decrease of -1.32% or -$0.64 in intraday trading. The DAL share’s 52-week high remains $53.86, putting it -12.77% down since that peak but still an impressive 35.93% since price per share fell to its 52-week low of $30.60. The company has a valuation of $30.83B, with an average of 9.33 million shares in intraday trading volume over the past 10 days and average of 9.42 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Delta Air Lines, Inc. (DAL), translating to a mean rating of 1.32. Of 19 analyst(s) looking at the stock, 0 analyst(s) give DAL a Sell rating. 1 of those analysts rate the stock as Overweight while 1 advise Hold as 17 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 1.55.
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Delta Air Lines, Inc. (NYSE:DAL) trade information
After registering a -1.32% downside in the latest session, Delta Air Lines, Inc. (DAL) has traded red over the past five days. The 5-day price performance for the stock is -7.81%, and 12.73% over 30 days. With these gigs, the year-to-date price performance is 18.72%. Short interest in Delta Air Lines, Inc. (NYSE:DAL) saw shorts transact 32.04 million shares and set a 4.04 days time to cover.
The extremes give us $38 and $85 for target low and target high price respectively. As such, DAL has been trading -77.97% off suggested target high and 20.44% from its likely low.
Delta Air Lines, Inc. (DAL) estimates and forecasts
Looking at statistics comparing Delta Air Lines, Inc. share performance against respective industry, we note that the company has outperformed competitors. Delta Air Lines, Inc. (DAL) shares are 4.10% up over the last 6 months, with its year-to-date growth rate higher than industry average at 0.00% against -20.00%. Revenue is forecast to shrink -23.60% this quarter before jumping 28.90% for the next one. The rating firms project that company’s revenue will grow 4.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 11 analysts is 14.74B. Meanwhile, for the current quarter, a total of 11 analyst(s) estimate revenue growth to 14.24B.Earnings reports from the last fiscal year show that sales brought in 14.55B and 13.66B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 1.30% before jumping 4.20% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 4.80% for the past 5-year period. While 2024 is set for a -1.96% return in earnings, projections for the next 5 years are at 8.42% annually.
DAL Dividends
Delta Air Lines, Inc. has its next earnings report out on 2024-Oct-10. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Delta Air Lines, Inc. has a forward dividend ratio of 0.45, with the share yield ticking at 0.94% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.3%.
Delta Air Lines, Inc. (NYSE:DAL)’s Major holders
Delta Air Lines, Inc. insiders hold 0.30% of total outstanding shares, with institutional holders owning 78.19% of the shares at 78.42% float percentage. In total, 78.19% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 71.98 million shares (or 11.2474% of shares), all amounting to roughly $3.41 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 42.28 million shares, or about 6.6058% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $2.01 billion.
