News stories about Delta Air Lines (NYSE:DAL) have trended somewhat positive recently, according to Accern. The research firm scores the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Delta Air Lines earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the transportation company an impact score of 45.687556500867 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Delta Air Lines, Inc. (DAL) Stake Lowered by IFP Advisors Inc (famososartistas.com)
- PRESS DIGEST- Canada – Aug 9 (finance.yahoo.com)
- Airline Stock Roundup: July Traffic Data Grab Spotlight; Delta, Hawaiian Holdings Impress (finance.yahoo.com)
- Delta Air Lines, Inc. (NYSE:DAL) Increases Dividend to $0.31 Per Share (americanbankingnews.com)
- BRIEF-Delta Air Lines sets quarterly dividend of $0.305 per share (feeds.reuters.com)
Several research analysts have recently weighed in on DAL shares. Zacks Investment Research raised shares of Delta Air Lines from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective for the company in a report on Tuesday, July 4th. Vetr raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $54.35 price objective for the company in a report on Monday, May 8th. Bank of America Corporation boosted their price objective on shares of Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a report on Friday, June 30th. Citigroup Inc. boosted their price objective on shares of Delta Air Lines from $63.00 to $65.00 and gave the company a “buy” rating in a report on Friday, May 12th. Finally, ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $60.16.
Delta Air Lines (NYSE DAL) traded down 1.27% during trading on Wednesday, hitting $49.67. 6,692,174 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $52.75 and its 200 day moving average price is $49.46. The firm has a market cap of $36.16 billion, a price-to-earnings ratio of 9.85 and a beta of 1.20. Delta Air Lines has a 12-month low of $35.84 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 earnings per share for the quarter, missing the consensus estimate of $1.66 by $0.02. The firm had revenue of $10.79 billion for the quarter, compared to analysts’ expectations of $10.81 billion. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. Delta Air Lines’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $1.47 earnings per share. Equities analysts forecast that Delta Air Lines will post $5.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd will be issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 2.46%. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s payout ratio is 16.10%.
In other news, EVP Joanne D. Smith sold 3,700 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total transaction of $199,800.00. Following the completion of the transaction, the executive vice president now directly owns 77,223 shares of the company’s stock, valued at approximately $4,170,042. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Craig M. Meynard sold 5,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $55.26, for a total transaction of $276,300.00. Following the transaction, the vice president now directly owns 7,437 shares of the company’s stock, valued at $410,968.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 394,000 shares of company stock valued at $31,520 and have sold 131,306 shares valued at $6,924,439. 0.37% of the stock is owned by insiders.
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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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