Delta Air Lines (DAL) Receiving Somewhat Critical Media Coverage, Analysis Finds

Media coverage about Delta Air Lines (NYSE:DAL) has trended somewhat negative recently, according to Accern. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog 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 coverage optimism score of -0.06 on Accern’s scale. Accern also assigned press coverage about the transportation company an impact score of 42.1584232256584 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media headlines that may have impacted Accern’s scoring:

Shares of NYSE:DAL opened at $54.81 on Friday. Delta Air Lines has a 52-week low of $43.81 and a 52-week high of $60.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.42. The firm has a market cap of $38,123.83, a price-to-earnings ratio of 11.10 and a beta of 1.16.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.27%. The company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the company posted $0.82 EPS. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. analysts forecast that Delta Air Lines will post 6.3 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 23rd were given a dividend of $0.305 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.22 annualized dividend and a dividend yield of 2.23%. Delta Air Lines’s payout ratio is 24.70%.

Several equities analysts have recently weighed in on the stock. Stephens set a $71.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Monday, March 19th. Morgan Stanley lifted their price target on shares of Delta Air Lines from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, March 19th. Stifel Nicolaus lifted their price target on shares of Delta Air Lines to $90.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Finally, Vetr raised shares of Delta Air Lines from a “hold” rating to a “strong-buy” rating and set a $66.79 price target on the stock in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $67.16.

In other news, COO W Gilbert West sold 9,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $56.06, for a total transaction of $504,540.00. Following the transaction, the chief operating officer now owns 61,872 shares of the company’s stock, valued at approximately $3,468,544.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Francis S. Blake purchased 3,350 shares of the stock in a transaction dated Friday, January 12th. The shares were purchased at an average cost of $59.76 per share, for a total transaction of $200,196.00. Following the transaction, the director now owns 33,520 shares in the company, valued at approximately $2,003,155.20. The disclosure for this purchase can be found here. In the last three months, insiders have sold 114,250 shares of company stock worth $6,794,500. Corporate 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.

Insider Buying and Selling by Quarter for Delta Air Lines (NYSE:DAL)

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