Delta Air Lines (DAL) Earning Positive Press Coverage, Study Shows
News stories about Delta Air Lines (NYSE:DAL) have trended positive recently, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Delta Air Lines earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media coverage about the transportation company an impact score of 44.0169134825155 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Delta SkyMiles Credit Card Offers: Are They Right For You? (finance.yahoo.com)
- Delta Cancels 375 Flights as Snowstorm Hits Atlanta’s Airport (finance.yahoo.com)
- Pack light for Paris: Delta to charge basic-economy passengers $60 to check a bag to Europe next year (finance.yahoo.com)
- Southern snowfall isn't deep, but inspires weather worries (finance.yahoo.com)
- Fuel shippers seek U.S. review of ‘excessive’ Colonial Pipeline rates (feeds.reuters.com)
DAL has been the topic of a number of research analyst reports. Barclays initiated coverage on shares of Delta Air Lines in a research note on Thursday, August 10th. They set an “overweight” rating and a $70.00 price objective on the stock. Cowen reiterated a “buy” rating and set a $66.00 price objective on shares of Delta Air Lines in a research note on Monday, August 14th. BidaskClub upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Morgan Stanley lowered their price objective on shares of Delta Air Lines from $62.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday, August 17th. Finally, Wolfe Research upgraded shares of Delta Air Lines from a “market perform” rating to an “outperform” rating in a research note on Friday, August 18th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $63.39.
Shares of Delta Air Lines (DAL) traded up $0.05 during trading hours on Friday, reaching $53.46. 6,636,668 shares of the company were exchanged, compared to its average volume of 7,775,038. The company has a market capitalization of $37,288.50, a PE ratio of 10.90, a price-to-earnings-growth ratio of 1.59 and a beta of 1.29. Delta Air Lines has a 1 year low of $43.81 and a 1 year high of $55.75. The company has a quick ratio of 0.36, a current ratio of 0.43 and a debt-to-equity ratio of 0.54.
Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.04. The firm had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $11.03 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $1.70 earnings per share. research analysts predict that Delta Air Lines will post 5 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Thursday, November 16th. Delta Air Lines’s payout ratio is 24.50%.
In related news, insider Steven M. Sear sold 6,898 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $53.01, for a total value of $365,662.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joanne D. Smith sold 33,863 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $53.61, for a total transaction of $1,815,395.43. The disclosure for this sale can be found here. Insiders sold a total of 239,810 shares of company stock valued at $12,684,903 in the last ninety days. Company insiders own 0.37% of the company’s stock.
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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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