Media headlines about Delta Air Lines (NYSE:DAL) have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by reviewing more than 6,000 news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Delta Air Lines earned a coverage optimism score of 1.25 on their scale. InfoTrie also assigned news coverage about the transportation company an news buzz score of 0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Delta Air Lines’ ranking:
- Short Interest in Delta Air Lines, Inc. (NYSE:DAL) Declines By 14.6% (americanbankingnews.com)
- Delta Air Lines (NYSE:DAL) Price Target Raised to $61.00 (americanbankingnews.com)
- Morgan Stanley Raises Delta Air Lines (NYSE:DAL) Price Target to $65.00 (americanbankingnews.com)
- Delta Air Lines (NYSE:DAL) PT Raised to $74.00 at Buckingham Research (americanbankingnews.com)
- Raymond James Raises Delta Air Lines (NYSE:DAL) Price Target to $70.00 (americanbankingnews.com)
A number of equities research analysts have recently commented on the company. Citigroup lifted their price objective on Vistra Energy from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Bank of America set a $152.00 price objective on Caterpillar and gave the company a “buy” rating in a research report on Thursday, April 4th. Zacks Investment Research raised GCP Applied Technologies from a “sell” rating to a “hold” rating in a research report on Friday, May 31st. Morgan Stanley raised to an “overweight” rating and set a GBX 400 ($5.23) price target for the company in a research report on Friday. Finally, Stephens reissued an “overweight” rating and set a $70.00 price target on shares of Delta Air Lines in a research report on Wednesday, July 3rd. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $67.18.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.35 EPS for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.07. The company had revenue of $12.54 billion for the quarter, compared to analysts’ expectations of $12.49 billion. Delta Air Lines had a return on equity of 31.68% and a net margin of 9.85%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.77 earnings per share. As a group, analysts predict that Delta Air Lines will post 6.95 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be paid a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 2.61%. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.35. Delta Air Lines’s payout ratio is currently 24.78%.
In related news, CEO Edward H. Bastian sold 30,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $57.50, for a total value of $1,725,000.00. Following the transaction, the chief executive officer now owns 354,191 shares in the company, valued at $20,365,982.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steven M. Sear sold 8,993 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $53.27, for a total value of $479,057.11. Following the completion of the transaction, the insider now owns 76,150 shares in the company, valued at approximately $4,056,510.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,003 shares of company stock worth $3,709,180. 0.47% of the stock is currently owned by insiders.
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 and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.
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