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After finishing at $47.39 in the prior trading day, Delta Air Lines, Inc. (NYSE: DAL) closed at $46.02, down -2.89%. In other words, the price has decreased by -$2.89 from its previous closing price. On the day, 9.58 million shares were traded. DAL stock price reached its highest trading level at $47.15 during the session, while it also had its lowest trading level at $45.96.
Ratios:
Our goal is to gain a better understanding of DAL by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.49. For the most recent quarter (mrq), Quick Ratio is recorded 0.36 and its Current Ratio is at 0.41. In the meantime, Its Debt-to-Equity ratio is 2.36 whereas as Long-Term Debt/Eq ratio is at 2.04.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on July 02, 2024, Reiterated its Buy rating but revised its target price to $61 from $55 previously.
On March 20, 2024, UBS started tracking the stock assigning a Buy rating and target price of $59.
Evercore ISI Upgraded its In-line to Outperform on March 07, 2023, whereas the target price for the stock was revised from $40 to $47.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 08 ’24 when Smith Joanne D sold 4,846 shares for $52.30 per share. The transaction valued at 253,422 led to the insider holds 112,421 shares of the business.
Chiang Willie CW bought 10,000 shares of DAL for $494,955 on May 01 ’24. The Director now owns 10,000 shares after completing the transaction at $49.50 per share. On Apr 29 ’24, another insider, Carter Peter W, who serves as the EVP – External Affairs of the company, sold 50,000 shares for $50.00 each. As a result, the insider received 2,500,000 and left with 143,328 shares of the company.
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 29697306624 and an Enterprise Value of 52448526336. As of this moment, Delta’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.91, and their Forward P/E ratio for the next fiscal year is 6.06. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.50 while its Price-to-Book (P/B) ratio in mrq is 2.66. Its current Enterprise Value per Revenue stands at 0.888 whereas that against EBITDA is 6.411.
Stock Price History:
Over the past 52 weeks, DAL has reached a high of $53.86, while it has fallen to a 52-week low of $30.60. The 50-Day Moving Average of the stock is -8.76%, while the 200-Day Moving Average is calculated to be 8.78%.
Shares Statistics:
The stock has traded on average 8.60M shares per day over the past 3-months and 8197050 shares per day over the last 10 days, according to various share statistics. A total of 643.45M shares are outstanding, with a floating share count of 642.95M. Insiders hold about 0.37% of the company’s shares, while institutions hold 75.25% stake in the company. Shares short for DAL as of 1718323200 were 25541967 with a Short Ratio of 2.97, compared to 1715731200 on 19303280. Therefore, it implies a Short% of Shares Outstanding of 25541967 and a Short% of Float of 4.4699997.
Dividends & Splits
In the trailing 12 months, DAL’s forward annual dividend rate was 0.4, compared to 0.40 this year. Against a Trailing Annual Dividend Yield of 0.0084406The stock’s 5-year Average Dividend Yield is 2.3.
Earnings Estimates
Currently, 15.0 analysts are dedicated to thoroughly evaluating and rating the performance of Delta Air Lines, Inc. (DAL) in the stock market.On average, analysts expect EPS of $2.36 for the current quarter, with a high estimate of $2.5 and a low estimate of $2.25, while EPS last year was $2.68. The consensus estimate for the next quarter is $2.1, with high estimates of $2.28 and low estimates of $1.86.
Analysts are recommending an EPS of between $7.14 and $6.01 for the fiscal current year, implying an average EPS of $6.61. EPS for the following year is $6.7, with 19.0 analysts recommending between $8.52 and -$5.0.
Revenue Estimates
11 analysts predict $15.47B in revenue for the current quarter. It ranges from a high estimate of $15.56B to a low estimate of $15.37B. As of the current estimate, Delta Air Lines, Inc.’s year-ago sales were $14.61BFor the next quarter, 11 analysts are estimating revenue of $15.42B. There is a high estimate of $15.72B for the next quarter, whereas the lowest estimate is $15.19B.
A total of 13 analysts have provided revenue estimates for DAL’s current fiscal year. The highest revenue estimate was $60.81B, while the lowest revenue estimate was $57.35B, resulting in an average revenue estimate of $58.01B. In the same quarter a year ago, actual revenue was $54.67BBased on 13 analysts’ estimates, the company’s revenue will be $60.77B in the next fiscal year. The high estimate is $63.27B and the low estimate is $59.1B.
