News articles about Delta Air Lines (NYSE:DAL) have trended somewhat positive on Thursday, Accern reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Delta Air Lines earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media stories about the transportation company an impact score of 46.8221726190484 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
- Delta: It’s Done Well This Quarter, But Keep An Eye On Margins (seekingalpha.com)
- PRESS DIGEST-Canada-Oct 12 (finance.yahoo.com)
- Investors Could Make Almost 20% Buying Delta Stock Right Now (finance.yahoo.com)
- Delta: Can This Airline Stock Still Fly? (finance.yahoo.com)
- Delta Air Lines Q3 2017 Earnings Conference Call Transcript (DAL) (fool.com)
Delta Air Lines (NYSE:DAL) traded up 0.08% during midday trading on Thursday, reaching $53.11. Delta Air Lines has a 12-month low of $39.05 and a 12-month high of $55.75. The firm has a market cap of $38.66 billion, a PE ratio of 10.53 and a beta of 1.24. The company has a 50 day moving average of $48.71 and a 200 day moving average of $49.45.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.04. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The company had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $11.03 billion. During the same quarter in the previous year, the company posted $1.70 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts anticipate that Delta Air Lines will post $5.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd were given a dividend of $0.305 per share. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, August 21st. This represents a $1.22 annualized dividend and a dividend yield of 2.30%. Delta Air Lines’s payout ratio is presently 24.25%.
A number of research firms have weighed in on DAL. Bank of America Corporation upped their price target on shares of Delta Air Lines from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, June 30th. BidaskClub upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Imperial Capital upgraded shares of Delta Air Lines from an “in-line” rating to an “outperform” rating and set a $63.00 price target for the company in a research report on Thursday. Cowen and Company upped their target price on shares of Delta Air Lines from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $60.00 target price on shares of Delta Air Lines in a research report on Thursday, July 13th. Two research analysts have 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 stock currently has a consensus rating of “Buy” and a consensus target price of $62.91.
In other news, VP Craig M. Meynard sold 5,000 shares of the business’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $55.26, for a total transaction of $276,300.00. Following the transaction, the vice president now owns 7,437 shares of the company’s stock, valued at approximately $410,968.62. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Joanne D. Smith sold 3,700 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total transaction of $199,800.00. Following the transaction, the executive vice president now directly owns 77,223 shares in the company, valued at approximately $4,170,042. The disclosure for this sale can be found here. In the last three months, insiders have bought 76,000 shares of company stock worth $278,240 and have sold 75,700 shares worth $4,171,150. Insiders own 0.37% of the company’s stock.
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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