Media coverage about Delta Air Lines (NYSE:DAL) has been trending somewhat negative this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 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 media sentiment score of -0.06 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 42.1584232256584 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern’s rankings:
- Delta Air Lines (DAL) Presents At JP Morgan Aviation, Transportation & Industrials Conference – Slideshow (seekingalpha.com)
- Delta adding another Sky Club (Renderings) (finance.yahoo.com)
- Delta Air liable for just $50 for injured kitten -NY state court (finance.yahoo.com)
- Delta flight scare is a reminder never to put electronics in checked baggage (finance.yahoo.com)
- Delta a 'prime launch candidate' for new Boeing model (finance.yahoo.com)
DAL has been the subject of several research reports. Vetr upgraded Delta Air Lines from a “strong sell” rating to a “sell” rating and set a $49.97 target price for the company in a research report on Wednesday, January 3rd. Morgan Stanley decreased their price target on Delta Air Lines from $68.00 to $64.00 and set an “overweight” rating for the company in a research note on Friday, February 23rd. ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Stifel Nicolaus increased their price target on Delta Air Lines to $90.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Finally, Cowen increased their price target on Delta Air Lines from $62.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $67.05.
Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Delta Air Lines had a return on equity of 26.27% and a net margin of 8.67%. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the firm posted $0.82 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. sell-side analysts predict that Delta Air Lines will post 6.46 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be paid a dividend of $0.305 per share. The ex-dividend date is Thursday, February 22nd. This represents a $1.22 annualized dividend and a yield of 2.17%. Delta Air Lines’s dividend payout ratio is currently 24.70%.
In other news, Director George N. Mattson acquired 10,000 shares of Delta Air Lines stock in a transaction on Thursday, February 8th. The stock was purchased at an average price of $51.89 per share, with a total value of $518,900.00. Following the completion of the purchase, the director now owns 66,510 shares of the company’s stock, valued at approximately $3,451,203.90. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Glen W. Hauenstein sold 31,600 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $55.83, for a total value of $1,764,228.00. Following the completion of the sale, the president now directly owns 204,018 shares of the company’s stock, valued at approximately $11,390,324.94. The disclosure for this sale can be found here. Insiders have sold 323,638 shares of company stock valued at $18,537,123 in the last ninety days. 0.37% of the stock is currently owned by insiders.
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About Delta Air Lines
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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