Delta Air Lines (NYSE:DAL – Get Free Report) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.60-1.85 for the period, compared to the consensus estimate of $1.76. The company issued revenue guidance of +2-4% yr/yr to ~$13.9-14.2 billion, compared to the consensus revenue estimate of $14.25 billion. Delta Air Lines also updated its Q4 2024 guidance to 1.600-1.850 EPS.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on DAL shares. Sanford C. Bernstein boosted their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an outperform rating in a report on Tuesday. TD Cowen cut their target price on Delta Air Lines from $61.00 to $59.00 and set a buy rating on the stock in a research note on Wednesday, July 17th. BNP Paribas raised Delta Air Lines to a strong-buy rating in a research report on Thursday, September 19th. Susquehanna boosted their price objective on Delta Air Lines from $50.00 to $59.00 and gave the stock a positive rating in a research report on Wednesday. Finally, Jefferies Financial Group upped their price objective on Delta Air Lines from $56.00 to $60.00 and gave the company a buy rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Buy and an average price target of $64.35.
View Our Latest Analysis on Delta Air Lines
Delta Air Lines Trading Down 1.3 %
Delta Air Lines (NYSE:DAL – Get Free Report) last posted its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.02). The business had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.65 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. Delta Air Lines’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.03 EPS. As a group, research analysts forecast that Delta Air Lines will post 6.17 EPS for the current year.
Delta Air Lines Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.19%. Delta Air Lines’s dividend payout ratio is currently 8.63%.
About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.
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