Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Delta Air Lines, Inc (NYSE: DAL) was $61.63 for the day, down -2.91% from the previous closing price of $63.48. In other words, the price has decreased by -$2.91 from its previous closing price. On the day, 8.16 million shares were traded. DAL stock price reached its highest trading level at $63.7504 during the session, while it also had its lowest trading level at $61.39.
Ratios:
Our analysis of DAL’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.97. For the most recent quarter (mrq), Quick Ratio is recorded 0.34 and its Current Ratio is at 0.39. In the meantime, Its Debt-to-Equity ratio is 1.79 whereas as Long-Term Debt/Eq ratio is at 1.49.
TD Cowen reiterated its Buy rating for the stock on November 12, 2024, while the target price for the stock was revised from $59 to $75.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 21 ’24 when Smith Joanne D sold 19,660 shares for $64.70 per share. The transaction valued at 1,272,002 led to the insider holds 85,123 shares of the business.
Smith Joanne D sold 4,207 shares of DAL for $255,390 on Nov 07 ’24. The EVP & Chief People Officer now owns 104,783 shares after completing the transaction at $60.71 per share. On Nov 21 ’24, another insider, Smith Joanne D, who serves as the Officer of the company, bought 19,660 shares for $64.70 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DAL now has a Market Capitalization of 40962441216 and an Enterprise Value of 61022896128. As of this moment, Delta’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.56, and their Forward P/E ratio for the next fiscal year is 8.31. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.00. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.66 while its Price-to-Book (P/B) ratio in mrq is 2.91. Its current Enterprise Value per Revenue stands at 1.012 whereas that against EBITDA is 7.252.
Stock Price History:
Over the past 52 weeks, DAL has reached a high of $67.50, while it has fallen to a 52-week low of $36.34. The 50-Day Moving Average of the stock is 4.53%, while the 200-Day Moving Average is calculated to be 24.62%.
Shares Statistics:
DAL traded an average of 8.52M shares per day over the past three months and 6360720 shares per day over the past ten days. A total of 645.28M shares are outstanding, with a floating share count of 643.18M. Insiders hold about 0.33% of the company’s shares, while institutions hold 79.71% stake in the company. Shares short for DAL as of 1732838400 were 32390599 with a Short Ratio of 3.80, compared to 1730332800 on 30495885. Therefore, it implies a Short% of Shares Outstanding of 32390599 and a Short% of Float of 5.6700002.
Dividends & Splits
With its trailing 12-month dividend rate of 0.5, DAL has a forward annual dividend rate of 0.50. Against a Trailing Annual Dividend Yield of 0.007876497The stock’s 5-year Average Dividend Yield is 2.3.
Earnings Estimates
The current rating of Delta Air Lines, Inc (DAL) reflects the combined expertise of 18.0 analysts actively engaged in assessing its market performance.The consensus estimate for the next quarter is $0.8, with high estimates of $1.1 and low estimates of $0.65.
Analysts are recommending an EPS of between $6.21 and $5.7 for the fiscal current year, implying an average EPS of $6.04. EPS for the following year is $7.41, with 21.0 analysts recommending between $8.25 and $6.87.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $15.12B to a low estimate of $14.15B. As of the current estimate, Delta Air Lines, Inc’s year-ago sales were $14.22BFor the next quarter, 7 analysts are estimating revenue of $13.39B. There is a high estimate of $14.01B for the next quarter, whereas the lowest estimate is $12.9B.
A total of 10 analysts have provided revenue estimates for DAL’s current fiscal year. The highest revenue estimate was $61.2B, while the lowest revenue estimate was $60.23B, resulting in an average revenue estimate of $60.74B. In the same quarter a year ago, actual revenue was $58.05BBased on 11 analysts’ estimates, the company’s revenue will be $61.62B in the next fiscal year. The high estimate is $63.78B and the low estimate is $56.94B.
