Delta Air Lines Inc. (NYSE: DAL) stock fell -1.27% on Friday to $31.82 against a previous-day closing price of $32.23. With 10.05 million shares changed hands, the volume of the stock remained lighter than its average volume of 14.3 million shares. During the session, the Airlines company that operates in wider Industrials sector, reached to the highest price of $32.43 whereas the lowest price it dropped to was $31.28. The 52-week range on DAL shows that it touched its highest point at $46.27 and its lowest point at $28.09 during that stretch. It currently has a 1-year price target of $48.03. Beta for the stock currently stands at 1.21.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DAL was up-trending over the past week, with a rise of 3.85%, but this was up by 7.79% over a month. Three-month performance dropped to -25.43% while six-month performance fell -19.83%. The stock lost -19.34% in the past year, while it has lost -18.58% so far this year. A look at the trailing 12-month EPS for DAL yields 0.92 with Next year EPS estimates of 5.54. For the next quarter, that number is 1.60. This implies an EPS growth rate of 102.20% for this year and 102.41% for next year. EPS is expected to grow by 13.31% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -39.90%.
Float and Shares Shorts:
At present, 638.00 million DAL shares are outstanding with a float of 635.47 million shares on hand for trading. On Jul 14, 2022, short shares totaled 22.33 million, which was 3.48% higher than short shares on Jun 14, 2022. In addition to Mr. Edward H. Bastian as the firm’s CEO & Director, Mr. Glen W. Hauenstein serves as its Pres.
Institutional Ownership:
Through their ownership of 66.31% of DAL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 37.73% of DAL, in contrast to 28.68% held by mutual funds. Shares owned by individuals account for 12.16%. As the largest shareholder in DAL with 10.35% of the stake, The Vanguard Group, Inc. holds 66,330,380 shares worth 66,330,380. A second-largest stockholder of DAL, BlackRock Fund Advisors, holds 29,911,960 shares, controlling over 4.67% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in DAL, holding 22,080,055 shares or 3.44% stake. With a 2.95% stake in DAL, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 18,884,661 shares are owned by the mutual fund manager. The Vanguard Mid Cap Index Fund, which owns about 2.30% of DAL stock, is the second-largest Mutual Fund holder. It holds 14,758,507 shares valued at 427.55 million. Vanguard 500 Index Fund holds 2.21% of the stake in DAL, owning 14,187,878 shares worth 411.02 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DAL since 20 analysts follow the stock currently. There are 14 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 3 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DAL analysts setting a high price target of $70.00 and a low target of $35.00, the average target price over the next 12 months is $49.41. Based on these targets, DAL could surge 119.99% to reach the target high and rise by 9.99% to reach the target low. Reaching the average price target will result in a growth of 55.28% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DAL will report FY 2022 earnings on 01/12/2023. Analysts have provided yearly estimates in a range of $3.89 being high and $1.94 being low. For DAL, this leads to a yearly average estimate of $2.73. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Delta Air Lines Inc. surprised analysts by -$0.29 when it reported $1.44 EPS against a consensus estimate of $1.73. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is $1.77 and the low estimate is $1.23. The average estimate for the next quarter is thus $1.60.
Summary of Insider Activity:
Insiders traded DAL stock several times over the past three months with 13 Buys and 6 Sells. In these transactions, 91,550 shares were bought while 76,873 shares were sold. The number of buy transactions has increased to 29 while that of sell transactions has risen to 49 over the past year. The total number of shares bought during that period was 452,326 while 369,515 shares were sold.
