Delta Air Lines, Inc. (NYSE:DAL) shares traded -0.75% lower at $50.07 on Wall Street last session.
DAL stock price is now 11.08% away from the 50-day moving average and 22.73% away from the 200-day moving average. The market capitalization of the company currently stands at $32.31B.
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With the price target of $59, UBS recently initiated with Buy rating for Delta Air Lines, Inc. (NYSE: DAL). On March 07, 2023, Evercore ISI Upgraded its previous ‘In-line’ rating to ‘Outperform’ on the stock increasing its target price from $40 to quote $47, while ‘Redburn’ rates the stock as ‘Buy’
In other news, Carter Peter W, EVP – External Affairs sold 50,000 shares of the company’s stock on Apr 29 ’24. The stock was sold for $2,500,000 at an average price of $50.00. Upon completion of the transaction, the EVP – External Affairs now directly owns 143,328 shares in the company, valued at $7.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 24 ’24, EVP – Global Sales Sear Steven M sold 15,806 shares of the business’s stock. A total of $757,028 was realized by selling the stock at an average price of $47.90. This leaves the insider owning 88,738 shares of the company worth $4.44 million. A total of 0.39% of the company’s stock is owned by insiders.
During the past 12 months, Delta Air Lines, Inc. has had a low of $30.60 and a high of $50.74. As of last week, the company has a debt-to-equity ratio of 2.36, a current ratio of 0.41, and a quick ratio of 0.36.
According to the Airlines Company, earnings per share came in at 2.68, beating analysts’ expectations of 2.4 by 0.28. This compares to -$0.57 EPS in the same period last year. The net profit margin was 8.48% and return on equity was 57.54% for DAL. The company reported revenue of $13.75 billion for the quarter, compared to $12.76 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.75 percent. For the current quarter, analysts expect DAL to generate $15.5B in revenue.
Delta Air Lines, Inc.(DAL) Company Profile
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. The company sells its tickets through various distribution channels, including delta.com and the Fly Delta app; acts as a reservations specialists; and operates online travel and traditional brick and mortar agencies. It also provides aircraft maintenance and engineering support, repair, and overhaul services; and vacation packages to third-party consumers. The company operates through a fleet of approximately 1,273 aircrafts. Delta Air Lines, Inc. was founded in 1924 and is based in Atlanta, Georgia.
