News stories about Delta Air Lines (NYSE:DAL) have been trending somewhat negative recently, according to Accern Sentiment Analysis. 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 one, with scores nearest to one being the most favorable. Delta Air Lines earned a coverage optimism score of -0.01 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 42.7928951513818 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Airline Stock Roundup: Pilots’ Contract Ratified At Spirit, Delta Traffic Figures And More (benzinga.com)
- Why the US is different from the UK and Australia when it comes to gun control (finance.yahoo.com)
- U.S. fails to keep pace with global tourism boom (finance.yahoo.com)
- Virgin Atlantic Follows Delta, United, American With New Economy Class (finance.yahoo.com)
- Airline Stock Roundup: Pilots’ Contract Ratified at SAVE, DAL Traffic & More (msn.com)
A number of analysts have commented on the company. Stifel Nicolaus upped their price target on Delta Air Lines to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Vetr upgraded Delta Air Lines from a “hold” rating to a “strong-buy” rating and set a $66.79 price target for the company in a research report on Tuesday, February 27th. Morgan Stanley reduced their price target on Delta Air Lines from $68.00 to $64.00 and set an “overweight” rating for the company in a research report on Friday, February 23rd. Zacks Investment Research upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Thursday, February 8th. Finally, Imperial Capital reiterated an “outperform” rating and set a $65.00 target price (up previously from $63.00) on shares of Delta Air Lines in a research report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $67.05.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Delta Air Lines had a return on equity of 26.27% and a net margin of 8.67%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the company earned $0.82 EPS. analysts expect that Delta Air Lines will post 6.44 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Thursday, February 22nd. Delta Air Lines’s payout ratio is 24.70%.
In other news, EVP Joanne D. Smith sold 894 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $56.50, for a total value of $50,511.00. Following the sale, the executive vice president now directly owns 72,393 shares in the company, valued at $4,090,204.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Edward H. Bastian sold 73,211 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $56.04, for a total value of $4,102,744.44. Following the completion of the sale, the chief executive officer now owns 338,719 shares in the company, valued at $18,981,812.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 323,638 shares of company stock worth $18,537,123. Company insiders own 0.37% of the company’s stock.
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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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