Equities research analysts expect Southwest Airlines Co (NYSE:LUV) to announce earnings of $0.81 per share for the current quarter, according to Zacks. Five analysts have made estimates for Southwest Airlines’ earnings. The lowest EPS estimate is $0.78 and the highest is $0.86. Southwest Airlines posted earnings per share of $0.61 during the same quarter last year, which would suggest a positive year-over-year growth rate of 32.8%. The company is scheduled to announce its next earnings report on Thursday, April 26th.
On average, analysts expect that Southwest Airlines will report full-year earnings of $4.96 per share for the current financial year, with EPS estimates ranging from $4.78 to $5.19. For the next financial year, analysts anticipate that the firm will report earnings of $5.85 per share, with EPS estimates ranging from $5.20 to $6.57. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Southwest Airlines.
Southwest Airlines (NYSE:LUV) last released its quarterly earnings results on Thursday, January 25th. The airline reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.01. Southwest Airlines had a return on equity of 23.43% and a net margin of 16.48%. The business had revenue of $5.27 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same quarter last year, the company posted $0.75 EPS. Southwest Airlines’s revenue for the quarter was up 3.9% on a year-over-year basis.
A number of equities analysts recently weighed in on the company. Zacks Investment Research lowered Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 price target (up previously from $80.00) on shares of Southwest Airlines in a research report on Wednesday, January 10th. Vetr lowered Southwest Airlines from a “strong-buy” rating to a “buy” rating and set a $63.03 price target for the company. in a research report on Tuesday, February 27th. JPMorgan Chase & Co. lowered Southwest Airlines from an “overweight” rating to a “neutral” rating and set a $70.00 price target for the company. in a research report on Tuesday, January 30th. Finally, ValuEngine lowered Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $67.83.
In other news, Chairman Gary C. Kelly sold 38,779 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $57.95, for a total transaction of $2,247,243.05. Following the completion of the sale, the chairman now directly owns 581,029 shares of the company’s stock, valued at approximately $33,670,630.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William H. Dr Cunningham purchased 3,500 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average cost of $56.25 per share, with a total value of $196,875.00. Following the completion of the purchase, the director now directly owns 70,469 shares in the company, valued at $3,963,881.25. The disclosure for this purchase can be found here. Over the last three months, insiders sold 108,473 shares of company stock valued at $6,296,091. Company insiders own 0.21% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of LUV. Victory Capital Management Inc. raised its stake in shares of Southwest Airlines by 194.6% during the 3rd quarter. Victory Capital Management Inc. now owns 332,861 shares of the airline’s stock worth $18,634,000 after purchasing an additional 219,883 shares in the last quarter. Private Wealth Partners LLC raised its stake in shares of Southwest Airlines by 2,098.3% during the 3rd quarter. Private Wealth Partners LLC now owns 113,365 shares of the airline’s stock worth $6,346,000 after purchasing an additional 108,208 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Southwest Airlines by 274.3% during the 3rd quarter. CIBC Asset Management Inc now owns 231,597 shares of the airline’s stock worth $12,965,000 after purchasing an additional 169,724 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Southwest Airlines by 0.9% during the 3rd quarter. New York State Common Retirement Fund now owns 1,664,477 shares of the airline’s stock worth $93,177,000 after purchasing an additional 14,219 shares in the last quarter. Finally, Court Place Advisors LLC raised its stake in shares of Southwest Airlines by 100.2% during the 3rd quarter. Court Place Advisors LLC now owns 47,105 shares of the airline’s stock worth $2,637,000 after purchasing an additional 23,580 shares in the last quarter. 80.05% of the stock is owned by institutional investors.
Southwest Airlines (NYSE LUV) opened at $59.94 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.70 and a quick ratio of 0.64. Southwest Airlines has a 1 year low of $49.76 and a 1 year high of $66.99. The firm has a market capitalization of $35,053.64, a price-to-earnings ratio of 10.30, a P/E/G ratio of 1.50 and a beta of 1.20.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.83%. The ex-dividend date is Tuesday, March 6th. Southwest Airlines’s dividend payout ratio is currently 8.59%.
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Southwest Airlines Company Profile
Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.
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