In today’s recent session, 2.87 million shares of the Delta Air Lines, Inc. (NYSE:DAL) have been traded, and its beta is 1.36. Most recently the company’s share price was $58.01, and it changed around $0.67 or 1.16% from the last close, which brings the market valuation of the company to $37.43B. DAL at last check was trading at a discount to its 52-week high of $57.37, offering almost 1.1% off that amount. The share price’s 52-week low was $30.76, which indicates that the recent value has risen by an impressive 46.97% since then. We note from Delta Air Lines, Inc.’s average daily trading volume that its 10-day average is 8.68 million shares, with the 3-month average coming to 8.80 million.
Delta Air Lines, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.32. If we narrow it down even further, the data shows that 0 out of 18 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 0 recommended DAL as a Hold, whereas 11 deemed it a Buy, and 0 rated it as Underweight. Delta Air Lines, Inc. is expected to report earnings per share of 1.74 for the current quarter.
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Delta Air Lines, Inc. (NYSE:DAL) trade information
Instantly DAL has been showing a green trend so far today with a performance of 1.16% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 58.52 on recent trading dayincreased the stock’s daily price by 0.87%. The company’s shares are currently up 44.18% year-to-date, but still up 6.14% over the last five days. On the other hand, Delta Air Lines, Inc. (NYSE:DAL) is 16.10% up in the 30-day period. We can see from the shorts that 28.69 million shares have been sold at a short interest cover period of 3.1 day(s).
The consensus price target as assigned by Wall Street analysts is $56, which translates to bulls needing to decrease their stock price by -3.59% from its current value. Analyst projections state that DAL is forecast to be at a low of $38 and a high of $85.
Delta Air Lines, Inc. (DAL) estimates and forecasts
Delta Air Lines, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 15.96 percent over the past six months and at a -2.08% annual growth rate that is well above the industry average of -16.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 35.90% in revenue this quarter, and will report an increase of 62.20% in the next quarter. The year-over-year growth rate is expected to be 3.70%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 14.11B in revenue for the current quarter. 6 analysts expect Delta Air Lines, Inc. to make 13.14B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 13.66B and 12.59B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 3.30%. Forecasts for the next quarter put sales growth at 4.40%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 4.80%. Delta Air Lines, Inc. earnings are expected to increase by -2.37% in 2024, but the outlook is positive 8.57% per year for the next five years.
DAL Dividends
Delta Air Lines, Inc.’s next quarterly earnings report is expected to be released on 2025-Jan-10. The annual dividend yield of the stock is 0.86 percent and its annual dividend per share was 0.50. It is important to note, however, that the 0.86% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.3 per year.
Delta Air Lines, Inc. (NYSE:DAL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.29% of Delta Air Lines, Inc. shares, and 78.04% of them are in the hands of institutional investors. The stock currently has a share float of 78.26%. Delta Air Lines, Inc. stock is held by 1430.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.2474% of the shares, which is about 71.98 million shares worth $3.41 billion.
BLACKROCK INC., with 6.6058% or 42.28 million shares worth $2.01 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
