Delta Air Lines Inc. (NYSE:DAL) previous close was $23.16 while the outstanding shares total 637.00M. The firm has a beta of 1.32, a 12-month trailing P/E ratio of 4.30, and a growth ratio of 0.72. DAL’s shares traded lower over the last trading session, losing -2.86% on 05/21/20. The shares fell to a low of $22.6668 before closing at $22.50. Intraday shares traded counted 18.08 million, which was 63.58% higher than its 30-day average trading volume of 49.64M. The stock’s Relative Strength Index (RSI) is 46.89, with weekly volatility at 5.39% and ATR at 1.67. The DAL stock’s 52-week price range has touched low of $17.51 and a $63.44 high.
Investors have identified the Airlines company Delta Air Lines Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $14.92 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Delta Air Lines Inc. (DAL) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For DAL, the company has in raw cash 5.97 billion on their books with 5.11 billion currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 10275000000 million total, with 19392000000 million as their total liabilities.
DAL were able to record -579.0 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 2.73 billion. In cash movements, the company had a total of 358.0 million as operating cash flow.
Potential earnings growth for Delta Air Lines Inc. (DAL)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Delta Air Lines Inc. recorded a total of 8.59 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -21.88% coming in sequential stages and their sales for the third quarter reducing by -33.14%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 6.33 billion trying to sell their products during the last quarter, with the result yielding a gross income of 2.26 billion. This allows shareholders to hold on to 637.00M with the revenue now reading -0.84 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (-0.72 cents a share).
Having a look at the company’s valuation, the company is expected to record 7.31 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on DAL sounds very interesting.
Is the stock of DAL attractive?
In related news, Director, Taylor David S bought 3,000 shares of the company’s stock in a transaction that recorded on May 04. The purchase was performed at an average price of 21.95, for a total value of 65,850. As the purchase deal closes, the EVP & Chief Info Officer, Samant Rahul D now sold 7,475 shares of the company’s stock, valued at 199,695. Also, Director, JACKSON JEANNE P bought 25,510 shares of the company’s stock in a deal that was recorded on Apr 23. The shares were cost at an average price of 22.72 per share, with a total market value of 579,585. Following this completion of disposal, the 10% Owner, BERKSHIRE HATHAWAY INC now holds 5,238,438 shares of the company’s stock, valued at 122,577,391. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.