In last trading session, Delta Air Lines, Inc. (NYSE:DAL) saw 8.16 million shares changing hands with its beta currently measuring 1.36. Company’s recent per share price level of $55.80 trading at $0.54 or 0.98% at ring of the bell on the day assigns it a market valuation of $36.01B. That closing price of DAL’s stock is at a discount of -1.22% from its 52-week high price of $56.48 and is indicating a premium of 45.16% 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 10.48 million shares which gives us an average trading volume of 9.07 million if we extend that period to 3-months.
For Delta Air Lines, Inc. (DAL), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.32. Splitting up the data highlights that, out of 19 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 17 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 1.74 in the current quarter.
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Delta Air Lines, Inc. (NYSE:DAL) trade information
Upright in the green during last session for gaining 0.98%, in the last five days DAL remained trading in the green while hitting it’s week-highest on Wednesday, 10/16/24 when the stock touched $55.80 price level, adding 1.2% to its value on the day. Delta Air Lines, Inc.’s shares saw a change of 38.70% in year-to-date performance and have moved 8.71% in past 5-day. Delta Air Lines, Inc. (NYSE:DAL) showed a performance of 18.40% in past 30-days. Number of shares sold short was 32.9 million shares which calculate 3.48 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 56 to the stock, which implies a rise of 0.36% to its current value. Analysts have been projecting 38 as a low price target for the stock while placing it at a high target of 85. It follows that stock’s current price would jump 31.9% in reaching the projected high whereas dropping to the targeted low would mean a gain of 31.9% for stock’s current value.
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 added 17.30% of value to its shares in past 6 months, showing an annual growth rate of -2.08% while that of industry is -15.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 3.70% 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 14.14B for the same. And 5 analysts are in estimates of company making revenue of 13.09B in the next quarter. Company posted 13.66B and 12.59B of sales in current and next quarters respectively a year earlier.
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 4.80% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -2.20% while estimates for its earnings growth in next 5 years are of 8.57%.
DAL Dividends
Delta Air Lines, Inc. is more likely to be releasing its next quarterly report on 2025-Jan-10 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. With an annual yield of 0.90%, the share has a forward dividend of 0.50 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.3%.
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 78.27 percent of that, with stock having share float percentage of 78.51%. Investors also watch the number of corporate investors in a company very closely, which is 78.27% 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 71.98 million shares of worth $3.41 billion. And as of 2024-06-30, it was holding 11.2474 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 42.28 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.6058 of outstanding shares, having a total worth of $2.01 billion.
