A Closer Look At Delta Air Lines Inc. (DAL)’s Financials


As of Thursday close, Delta Air Lines Inc.’s (NYSE:DAL) stock was up $0.82, moving up 2.35 percent to $35.75. The average number of shares traded per day over the past five days has been 8,861,180 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.14 fall in that time frame. In the last twenty days, the average volume was 9,500,930, while in the previous 50 days, it was 10,622,328.

Since last month, DAL stock rose 9.16%. Shares of the company fell to $32.68 on 05/04/23, the lowest level in the past month. A 52-week high of $42.45 was reached on 02/02/23 after having rallying from a 52-week low of $27.20. Since the beginning of this year, DAL’s stock price has risen by 8.79% or $2.89, and marked a new high 10 times. However, the stock has declined by -15.78% since its 52-week high.

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DAL stock investors should be aware that Delta Air Lines Inc. (DAL) stock had its last reported insider trading activity 30 days ago on Apr 26. Taylor David S, the Director of the company, purchased of 5,000 shares for $32.83 on Apr 26. It resulted in a $164,125 investment by the insider. Taylor David S added 5,000 shares at an average price of $34.26 on Apr 21. The insider now owns 20,360 shares following the transaction. On Apr 17, President HAUENSTEIN GLEN W sold 5,000 shares at $34.53 apiece. The transaction was valued at $172,650.

Valuation Metrics

Right now, Delta Air Lines Inc. (DAL) has a P/E ratio of about 12.09. The stock’s beta is 1.24. Besides these, the trailing price-to-sales (P/S) ratio of 0.43, the price-to-book (PB) ratio of 3.65, and the price-to-cash flow ratio of 18.88 may also be considered.

The latest dividend of $0.4025 per share was paid out, which is -0.12% less than last year’s $0.4030.

Financial Health

In the three months ended March 30, Delta Air Lines Inc.’s quick ratio stood at 0.40, while its current ratio was 0.50, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 3.17, and the total debt-to-equity ratio was 3.51. On the profitability front, the trailing twelve-month gross margin is 44.90% percent. In the year ended March 30, EBITDA margin amounted to 11.16%, whereas operating margins totaled 7.50%. Based on annual data, DAL earned $17.17 billion in gross profit and brought in $50.58 billion in revenue.

In Delta Air Lines Inc.’s quarter-end financial report for March 30, it reported total debt of $19.82 billion against cash and short-term investments of $3.4 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DAL’s revenue rose 26.73% to $13.44 billion during the quarter, while net income inched up to $12.76 billion. While analysts expected Delta Air Lines Inc. to report $0.3 quarterly earnings, the actual figure was $0.25 per share, beating the consensus estimate by -16.70%. During the quarter, the company generated -$277.0 million in EBITDA. The liabilities of Delta Air Lines Inc. were 66.87 billion at the end of its most recent quarter ended March 30, and its total debt was $30.66 billion. The value of shareholders’ equity is $642.72 million.

Technical Picture

This quick technical analysis looks at Delta Air Lines Inc.’s (DAL) price momentum. With a historical volatility rate of 36.21%, the RSI 9-day stood at 60.20% on 25 May.

With respect to its five-day moving average, the current Delta Air Lines Inc. price is down by -0.39% percent or -$0.14. At present, DAL shares trade +7.26% above its 20-day simple moving average and +8.79% percent above its 100-day simple moving average. However, the stock is currently trading approximately +7.58% above its SMA50 and +7.65% above its SMA200.

Stochastic coefficient K was 71.01% and Stochastic coefficient D was 74.01%, while ATR was 1.08. Given the Stochastic reading of 76.55% for the 14-day period, the RSI (14) reading has been calculated as 57.55%. As of today, the MACD Oscillator reading stands at 0.31, while the 14-day reading stands at 0.84.

Analyst Ratings

Delta Air Lines Inc. (DAL) has been rated Buy by analysts. According to 0 brokerage firms, DAL is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Delta Air Lines Inc. stock as buy, with 19 recommending it as overweight.

With a median target price of $49.50, the current consensus forecast for the stock is $38.00 – $70.00. Based on these forecasts, analysts predict Delta Air Lines Inc. (DAL) will achieve an average price target of $50.94.


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