News headlines about Delta Air Lines (NYSE:DAL) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. 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 0.11 on Accern’s scale. Accern also gave news coverage about the transportation company an impact score of 43.3689939755906 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s analysis:
- Stock Traders Purchase Large Volume of Delta Air Lines Call Options (DAL) (americanbankingnews.com)
- Stock is unchanged at $47.53 (DAL) Delta and the Seattle Seahawks Renew… – Modern Readers (modernreaders.com)
- Here is why Technicals Are a BEAR on Delta Air Lines, Inc. (DAL) – StockNewsGazette (stocknewsgazette.com)
- Delta Air Lines, Inc. (DAL) Ex-Dividend Date Scheduled for August 21, 2017 – Nasdaq (nasdaq.com)
- David Tepper Sells Airline Stocks Except Delta (finance.yahoo.com)
Delta Air Lines (DAL) remained flat at $47.53 during mid-day trading on Friday. The company’s stock had a trading volume of 8,395,102 shares. The stock has a market capitalization of $34.60 billion, a price-to-earnings ratio of 9.42 and a beta of 1.20. The firm’s 50 day moving average is $51.80 and its 200-day moving average is $49.44. Delta Air Lines has a one year low of $35.90 and a one year high of $55.75. Delta Air Lines also saw some unusual options trading activity on Wednesday. Stock traders acquired 20,043 call options on the company. This is an increase of 109% compared to the typical daily volume of 9,579 call options.
Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by $0.02. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The firm had revenue of $10.79 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the previous year, the business earned $1.47 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts forecast that Delta Air Lines will post $5.12 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be given a dividend of $0.305 per share. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.20. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Monday, August 21st. Delta Air Lines’s dividend payout ratio (DPR) is presently 16.10%.
A number of research analysts have commented on DAL shares. Vetr upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $54.35 price target for the company in a research note on Monday, May 8th. Imperial Capital restated an “in-line” rating and set a $52.00 price target on shares of Delta Air Lines in a research note on Friday, May 19th. BidaskClub upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Atlantic Securities started coverage on shares of Delta Air Lines in a research note on Tuesday, June 20th. They set an “overweight” rating and a $68.00 price target for the company. Finally, Barclays PLC started 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 target for the company. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $60.56.
In other Delta Air Lines news, President Glen W. Hauenstein sold 67,000 shares of Delta Air Lines stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $55.15, for a total value of $3,695,050.00. Following the sale, the president now owns 239,418 shares of the company’s stock, valued at $13,203,902.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Joanne D. Smith sold 3,700 shares of Delta Air Lines stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $54.00, for a total transaction of $199,800.00. Following the completion of the sale, 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. Over the last three months, insiders have purchased 389,000 shares of company stock worth $31,120 and have sold 126,831 shares worth $6,703,732. 0.37% of the stock is owned by company insiders.
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.
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