Delta Air Lines (DAL) Receiving Somewhat Positive Press Coverage, Report Finds
Headlines about Delta Air Lines (NYSE:DAL) have been trending somewhat positive on Friday, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Delta Air Lines earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the transportation company an impact score of 45.576194276533 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern’s analysis:
- Technical Facts to Know: Delta Air Lines, Inc. (DAL) traded -13.42% away from 52-Week High – Voice Of Analysts (analystsbuzz.com)
- Delta Air Lines – Fortune (fortune.com)
- Financial Analysis: Spirit Airlines (SAVE) & Delta Air Lines (DAL) (americanbankingnews.com)
- Amtrak Wants to Remind You How Bad Flying Is (finance.yahoo.com)
- What Makes a Great Workplace for Women? (Not What Most Companies Think) (finance.yahoo.com)
Shares of Delta Air Lines (NYSE DAL) traded down 0.04% during trading on Friday, hitting $48.25. 17,746,232 shares of the stock were exchanged. The stock has a market cap of $35.13 billion, a price-to-earnings ratio of 9.56 and a beta of 1.25. The stock’s 50 day moving average is $48.42 and its 200-day moving average is $49.15. Delta Air Lines has a 12-month low of $36.85 and a 12-month high of $55.75.
Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by ($0.02). The business had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.47 earnings per share. Equities research analysts anticipate that Delta Air Lines will post $5.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were given a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 2.53%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, August 21st. Delta Air Lines’s payout ratio is currently 24.25%.
A number of analysts recently issued reports on DAL shares. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Vetr upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 target price on the stock in a research report on Tuesday, July 25th. BidaskClub lowered shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Deutsche Bank AG restated a “buy” rating and set a $62.00 target price (up previously from $58.00) on shares of Delta Air Lines in a research report on Friday, July 14th. Finally, Cowen and Company restated a “buy” rating and set a $60.00 target price on shares of Delta Air Lines in a research report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, two have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. Delta Air Lines presently has an average rating of “Buy” and a consensus price target of $61.97.
In other Delta Air Lines news, EVP Joanne D. Smith sold 3,700 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total value of $199,800.00. Following the completion of the sale, the executive vice president now directly owns 77,223 shares of the company’s stock, valued at $4,170,042. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George N. Mattson bought 6,000 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was acquired at an average cost of $45.44 per share, with a total value of $272,640.00. Following the completion of the transaction, the director now directly owns 61,510 shares of the company’s stock, valued at $2,795,014.40. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 267,000 shares of company stock valued at $293,520 and sold 75,700 shares valued at $4,171,150. Insiders own 0.37% of the company’s stock.
Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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