Delta Air Lines (DAL) Receives News Impact Score of 0.23
Media stories about Delta Air Lines (NYSE:DAL) have been trending somewhat positive on Monday, Accern reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 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 media sentiment score of 0.23 on Accern’s scale. Accern also gave news coverage about the transportation company an impact score of 46.4505424564706 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Delta Air Lines (DAL) Up 6.9% Since Earnings Report: Can It Continue? (finance.yahoo.com)
- Delta has a new secret weapon against American and Southwest (finance.yahoo.com)
- Delta Air Lines, Inc. (DAL) has a value of $49.48 per share While Interpace Diagnostics Group, Inc. (IDXG) is stand … – Stocks Gallery (stocksgallery.com)
- Watching the CCI Signal for Delta Air Lines Inc (DAL) – Evergreen Caller (evergreencaller.com)
- Delta Air Lines (DAL) Up 6.9% Since Earnings Report: Can It Continue? – Nasdaq (nasdaq.com)
Several research firms recently issued reports on DAL. Bank of America Corporation raised their price target on Delta Air Lines from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, June 30th. Cowen and Company restated an “outperform” rating and set a $58.00 price target on shares of Delta Air Lines in a research report on Monday, April 17th. Stifel Nicolaus restated a “buy” rating on shares of Delta Air Lines in a research report on Friday, May 26th. Sanford C. Bernstein restated an “outperform” rating and set a $60.00 price target on shares of Delta Air Lines in a research report on Thursday, July 13th. Finally, ValuEngine upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $60.74.
Delta Air Lines (NYSE DAL) traded up 1.19% on Monday, hitting $50.07. The stock had a trading volume of 4,666,041 shares. The firm has a market capitalization of $36.45 billion, a price-to-earnings ratio of 9.92 and a beta of 1.20. Delta Air Lines has a 1-year low of $35.90 and a 1-year high of $55.75. The stock’s 50-day moving average is $52.32 and its 200 day moving average is $49.45.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by $0.02. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The firm had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same period last year, the company earned $1.47 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities research analysts predict that Delta Air Lines will post $5.12 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be paid a $0.305 dividend. The ex-dividend date is Monday, August 21st. This represents a $1.22 annualized dividend and a yield of 2.44%. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s dividend payout ratio is 16.10%.
In related news, CEO Edward H. Bastian sold 25,000 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $48.55, for a total value of $1,213,750.00. Following the transaction, the chief executive officer now owns 285,508 shares of the company’s stock, valued at $13,861,413.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO W Gilbert West sold 26,131 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $50.47, for a total value of $1,318,831.57. Following the completion of the transaction, the chief operating officer now directly owns 89,232 shares in the company, valued at approximately $4,503,539.04. The disclosure for this sale can be found here. In the last three months, insiders purchased 399,000 shares of company stock worth $31,920 and sold 126,831 shares worth $6,703,732. 0.37% of the stock is owned by corporate 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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