Are Things Looking Up For Delta Air Lines, Inc. (NYSE: DAL)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Yahoo Finance discussed the stock recently as it posted UATP Receives Patent Approval for Innovative New Payment Technology.

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Stocks Info

The company is listed on the NYSE and operates within the Airlines industry segment. The current market capitalization of Delta Air Lines, Inc. is $30.17B. A total of 9.98 million shares were traded on the day, compared to an average of 10.31M shares.

In the most recent transaction, Smith Joanne D sold 4,876 shares of DAL for 42.02 per share on Feb 27 ’24. After the transaction, the EVP & Chief People Officer now owns 117,267 company shares. In a previous transaction on Feb 06 ’24, Carroll William C sold 6,192 shares at 40.15 per share. DAL shares that SVP, Fin & Controller owns now total 9,806.

Among the insiders who sold shares, Bastian Edward H disposed of 71,840 shares on Feb 01 ’24 at a per-share price of $39.20. This resulted in the Chief Executive Officer holding 428,768 shares of DAL after the transaction. In another insider transaction, Taylor David S bought 10,000 shares at $30.75 per share on Oct 27 ’23. Company shares held by the Director now total 27,470.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Delta Air Lines, Inc. pays an annual dividend of $0.30, resulting in a dividend yield of 0.64%, and it has a price to earnings (P/E) ratio of 6.55. DAL’s most recent ex-dividend date was 2/23/2024 when it declared a $0.10 quarterly dividend that was paid in cash on 3/18/2024. Previously, the company paid the dividend on 11/2/2023 with an ex-dividend date of 10/11/2023. The DAL stock dividend was $0.10 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, DAL has a high of $49.81 and a low of $30.60.

As of this writing, DAL has an earnings estimate of $0.35 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.41 per share and a lower estimate of $0.25. The company reported an EPS of $2.03 in the last quarter, which was 4.10% higher than expectations of $1.95.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. DAL’s latest balance sheet shows that the firm has $11.32B in Cash & Short Term Investments as of fiscal 2021. There were $34.68B in debt and $20.97B in liabilities at the time. Its Book Value Per Share was $17.26, while its Total Shareholder’s Equity was $3.89B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DAL is Buy with a score of 5.00.

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