Updated Delta Air Lines Earnings Forecasts Spark Market Buzz
Delta Air Lines Anticipates Q2 Earnings Report
Delta Air Lines, Inc. (DAL) is preparing to share its earnings report for the second quarter soon. Analysts anticipate that the airline, headquartered in Atlanta, will show a decline in earnings per share, expected at around $2.03. This marks a decrease from the $2.36 per share reported for the same quarter last year. The projected revenue stands at nearly $16.18 billion, a slight dip from the previous year’s revenue of $16.66 billion.
Dividend Increase Reflects Confidence
In a recent move that underscores its commitment to shareholding, Delta Air Lines has increased its quarterly dividend from $0.15 to $0.1875 per share. This decision reflects the company’s confidence in its continued performance and operational resilience.
Recent Stock Movement
However, despite these positive updates, Delta Air Lines shares experienced a small decline of 0.4%, ending at $49.00 as of the last trading session. Investors are closely monitoring these fluctuations amidst varying market conditions.
Analyst Insights and Ratings
Analysts have been actively revising their ratings for Delta Air Lines, reflecting mixed sentiments about the stock’s potential. Here’s a closer examination:
- UBS analyst Thomas Wadewitz upgraded Delta from Neutral to Buy, increasing the price target to $66.
- Barclays analyst Brandon Oglenski has maintained an Overweight rating but reduced the target price from $80 to $58.
- Susquehanna’s analyst Christopher Stathoulopoulos continues to hold a Positive rating, albeit slashing the price target from $80 to $50.
- Raymond James analyst Savanthi Syth has kept a Strong Buy rating while adjusting the target down from $80 to $62.
- Jefferies analyst Sheila Kahyaoglu downgraded the stock from Buy to Hold, with a target reduction to $46.
Stock Market Performance and Considerations
For investors considering DAL stock, recent analyst sentiments reveal apprehension, despite some optimistic revisions. The adjustments in target prices like those made by notable analysts could influence investment decisions considerably.
Frequently Asked Questions
What is Delta Air Lines' expected earnings per share for the upcoming report?
Analysts expect Delta Air Lines to report earnings at approximately $2.03 per share.
How much has Delta increased its dividend?
Delta has raised its quarterly dividend from $0.15 to $0.1875 per share.
What was the stock price of Delta on the last trading day?
The stock price of Delta Air Lines was $49.00, reflecting a 0.4% decline.
Which analysts have recently rated Delta Air Lines?
Analysts from firms like UBS, Barclays, and Raymond James have provided recent ratings and adjustments for Delta Air Lines.
How should investors interpret the recent projections for Delta Air Lines?
Investors should consider the mixed analyst ratings and price adjustments when evaluating their investment strategies regarding DAL stock.
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