Delta Air Lines moved 3.1% this evening session, trading between a high of $35.495 and a low of $34.87 per share. Yesterday the stock finished at $34.17 per share, compared to an average analyst target price of $53.65.
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The large-cap air freight/delivery services company is based in the United States, and over the last twelve months it has returned a dividend yield of 0.6%. Delta Air Lines has trailing twelve months earnings per share (EPS) of 5.3, which at today's prices amounts to a price to earnings (P/E) ratio of 6.6.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of 0.17. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Overview of the Company's Gross Margins:
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 57,260,000 | 51,593,000 | 10 | 42.86 |
| 2022 | 50,582,000 | 46,921,000 | 7 | 16.67 |
| 2021 | 29,899,000 | 28,013,000 | 6 | 108.22 |
| 2020 | 17,095,000 | 29,564,000 | -73 | -621.43 |
| 2019 | 47,007,000 | 40,389,000 | 14 | 16.67 |
| 2018 | 44,438,000 | 39,174,000 | 12 |
Delta Air Lines's -4.0% average gross margins are thinner than the 21.2% average of the Airlines industry, implying that the firm might be lacking in competitivity.
