Analyst Expects Delta Air Lines, Inc. (NYSE: DAL) To Make Big Moves

After Hours

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.

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Stocks Info

As a NYSE listed company, DAL falls under the Industrials sector while operating within the Airlines industry segment. The current market capitalization of Delta Air Lines, Inc. is $34.16B. A total of 8.53 million shares were traded on the day, compared to an average of 9.96M shares.

In the most recent transaction, Chiang Willie CW bought 10,000 shares of DAL for 49.50 per share on May 01 ’24. After the transaction, the Director now owns 10,000 company shares. In a previous transaction on Apr 29 ’24, Carter Peter W sold 50,000 shares at 50.00 per share. DAL shares that EVP – External Affairs owns now total 143,328.

Among the insiders who sold shares, Sear Steven M disposed of 15,806 shares on Apr 24 ’24 at a per-share price of $47.90. This resulted in the EVP – Global Sales holding 88,738 shares of DAL after the transaction. In another insider transaction, BELLEMARE ALAIN sold 24,073 shares at $48.86 per share on Apr 23 ’24. Company shares held by the EVP & Pres. – International now total 141,451.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Delta Air Lines, Inc. pays an annual dividend of $0.30, resulting in a dividend yield of 0.57%, and it has a price to earnings (P/E) ratio of 6.80. DAL’s most recent ex-dividend date was 5/13/2024 when it declared a $0.10 quarterly dividend that was paid in cash on 6/4/2024. Previously, the company paid the dividend on 3/18/2024 with an ex-dividend date of 2/23/2024. The DAL stock dividend was $0.10 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, DAL has a high of $51.65 and a low of $30.60.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $17.28, while its Total Shareholder’s Equity was $3.89B.

Analysts Opinion

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. 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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