During the recent session, Delta Air Lines, Inc (NYSE:DAL)’s traded shares were 2.17 million, with the beta value of the company hitting 1.36. At the last check today, the stock’s price was $58.07, reflecting an intraday loss of -0.67% or -$0.39. The 52-week high for the DAL share is $59.07, that puts it down -1.72 from that peak though still a striking 47.03% gain since the share price plummeted to a 52-week low of $30.76. The company’s market capitalization is $37.47B, and the average intraday trading volume over the past 10 days was 7.9 million shares, and the average trade volume was 8.88 million shares over the past three months.
Delta Air Lines, Inc (DAL) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.32. DAL has a Sell rating from 0 analyst(s) out of 19 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 17 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.74.
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Delta Air Lines, Inc (NYSE:DAL) trade information
Delta Air Lines, Inc (DAL) registered a -0.67% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.67% in intraday trading to $58.07, hitting a weekly high. The stock’s 5-day price performance is 6.02%, and it has moved by 19.98% in 30 days. Based on these gigs, the overall price performance for the year is 85.82%. The short interest in Delta Air Lines, Inc (NYSE:DAL) is 28.69 million shares and it means that shorts have 3.1 day(s) to cover.
The consensus price target of analysts on Wall Street is $56, which implies a decrease of -3.7% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $38 and $85 respectively. As a result, DAL is trading at a discount of -46.38% off the target high and 34.56% off the low.
Delta Air Lines, Inc (DAL) estimates and forecasts
Statistics show that Delta Air Lines, Inc has outperformed its competitors in share price, compared to the industry in which it operates. Delta Air Lines, Inc (DAL) shares have gone up 13.80% during the last six months, with a year-to-date growth rate more than the industry average at -2.08% against -16.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 35.90% this quarter and then jump 62.20% in the quarter after that. In the rating firms’ projections, revenue will increase 3.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 14.11B as predicted by 11 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 13.14B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 13.66B and 12.59B respectively. In this case, analysts expect current quarter sales to grow by 3.30% and then jump by 4.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 4.80%. While earnings are projected to return -2.37% in 2024, the next five years will return 8.57% per annum.
DAL Dividends
Delta Air Lines, Inc is due to release its next quarterly earnings on 2025-Jan-10. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Delta Air Lines, Inc is 0.50, with the dividend yield indicating at 0.86 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 2.3%.
Delta Air Lines, Inc (NYSE:DAL)’s Major holders
Delta Air Lines, Inc insiders own 0.29% of total outstanding shares while institutional holders control 78.06%, with the float percentage being 78.28%. VANGUARD GROUP INC is the largest shareholder of the company, while 1427.0 institutions own stock in it. As of 2024-06-30, the company held over 71.98 million shares (or 11.2474% of all shares), a total value of $3.41 billion in shares.
The next largest institutional holding, with 42.28 million shares, is of BLACKROCK INC.’s that is approximately 6.6058% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $2.01 billion.
