Press coverage about Delta Air Lines (NYSE:DAL) has been trending somewhat negative this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Delta Air Lines earned a daily sentiment score of -0.04 on Accern’s scale. Accern also assigned media headlines about the transportation company an impact score of 44.922764758363 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 headlines that may have impacted Accern’s rankings:
Shares of NYSE DAL traded down $1.16 during trading hours on Friday, hitting $53.05. The stock had a trading volume of 6,918,673 shares, compared to its average volume of 6,395,710. The stock has a market cap of $37,501.73, a price-to-earnings ratio of 10.76 and a beta of 1.08. 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.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.08. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Delta Air Lines had a return on equity of 26.27% and a net margin of 8.67%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 EPS. analysts predict that Delta Air Lines will post 6.23 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 23rd were paid a $0.305 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.22 annualized dividend and a dividend yield of 2.30%. Delta Air Lines’s payout ratio is 24.75%.
Several equities analysts have weighed in on DAL shares. Sanford C. Bernstein set a $67.00 target price on Delta Air Lines and gave the company a “buy” rating in a research note on Wednesday, January 10th. Stephens reaffirmed a “buy” rating and set a $72.00 target price on shares of Delta Air Lines in a research note on Wednesday, January 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $85.00 target price (up previously from $75.00) on shares of Delta Air Lines in a research note on Wednesday, January 10th. Zacks Investment Research raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Thursday, February 8th. Finally, ValuEngine cut Delta Air Lines from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $67.75.
In related news, CFO Paul A. Jacobson sold 49,362 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $60.20, for a total value of $2,971,592.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Francis S. Blake purchased 3,350 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was purchased at an average cost of $59.76 per share, with a total value of $200,196.00. Following the purchase, 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 sold 114,250 shares of company stock valued at $6,794,500. 0.37% of the stock is currently owned by company insiders.
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Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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