Delta Air Lines (NYSE:DAL – Get Free Report) issued its quarterly earnings results on Thursday. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.02), RTT News reports. The firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.03 earnings per share. Delta Air Lines updated its Q4 2024 guidance to 1.600-1.850 EPS and its Q4 guidance to $1.60-1.85 EPS.
Delta Air Lines Trading Down 1.3 %
Delta Air Lines stock opened at $50.30 on Friday. Delta Air Lines has a 52 week low of $30.60 and a 52 week high of $53.86. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. The stock has a market capitalization of $32.46 billion, a P/E ratio of 7.24, a PEG ratio of 0.98 and a beta of 1.35. The stock has a 50-day simple moving average of $43.79 and a 200 day simple moving average of $46.83.
Delta Air Lines Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, October 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.19%. Delta Air Lines’s dividend payout ratio is presently 8.63%.
Analysts Set New Price Targets
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About Delta Air Lines
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.
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