Imperial Capital restated their in-line rating on shares of Southwest Airlines (NYSE:LUV) in a report issued on Tuesday, Marketbeat reports. Imperial Capital currently has a $62.00 price objective on the airline’s stock, up from their prior price objective of $56.00. Imperial Capital also issued estimates for Southwest Airlines’ Q4 2018 earnings at $1.13 EPS, FY2018 earnings at $4.20 EPS, Q1 2019 earnings at $0.84 EPS, Q2 2019 earnings at $1.62 EPS, Q3 2019 earnings at $1.31 EPS, Q4 2019 earnings at $1.19 EPS, FY2019 earnings at $4.95 EPS and FY2020 earnings at $5.60 EPS.
Other research analysts have also issued reports about the company. Morgan Stanley restated a buy rating on shares of Southwest Airlines in a research report on Tuesday, August 14th. Zacks Investment Research lowered Southwest Airlines from a buy rating to a hold rating in a research report on Thursday, October 4th. ValuEngine upgraded Southwest Airlines from a hold rating to a buy rating in a research report on Monday, September 17th. Macquarie upgraded Southwest Airlines to an outperform rating in a research report on Tuesday, September 18th. Finally, Buckingham Research raised their price target on Southwest Airlines from $69.00 to $73.00 and gave the stock a buy rating in a research report on Friday, September 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $65.38.
NYSE:LUV opened at $51.36 on Tuesday. Southwest Airlines has a 12-month low of $47.10 and a 12-month high of $66.99. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.65 and a current ratio of 0.71. The firm has a market capitalization of $30.14 billion, a PE ratio of 14.67, a P/E/G ratio of 1.16 and a beta of 1.23.
Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, October 25th. The airline reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.02. Southwest Airlines had a return on equity of 22.27% and a net margin of 17.18%. The business had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same period last year, the company earned $0.88 EPS. Analysts forecast that Southwest Airlines will post 4.16 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 5th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.25%. The ex-dividend date is Tuesday, December 4th. Southwest Airlines’s payout ratio is presently 18.29%.
In related news, Director John T. Montford sold 956 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $52.35, for a total transaction of $50,046.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.23% of the company’s stock.
A number of institutional investors have recently modified their holdings of LUV. Norman Fields Gottscho Capital Management LLC raised its stake in shares of Southwest Airlines by 1.9% in the 3rd quarter. Norman Fields Gottscho Capital Management LLC now owns 45,180 shares of the airline’s stock valued at $2,821,000 after purchasing an additional 855 shares during the period. AE Wealth Management LLC raised its stake in shares of Southwest Airlines by 19.0% in the 2nd quarter. AE Wealth Management LLC now owns 5,432 shares of the airline’s stock valued at $276,000 after purchasing an additional 869 shares during the period. IFM Investors Pty Ltd raised its stake in shares of Southwest Airlines by 11.4% in the 3rd quarter. IFM Investors Pty Ltd now owns 8,674 shares of the airline’s stock valued at $542,000 after purchasing an additional 888 shares during the period. Lucia Wealth Services LLC raised its stake in shares of Southwest Airlines by 22.7% in the 2nd quarter. Lucia Wealth Services LLC now owns 4,854 shares of the airline’s stock valued at $247,000 after purchasing an additional 898 shares during the period. Finally, CIBC Asset Management Inc raised its stake in shares of Southwest Airlines by 0.4% in the 2nd quarter. CIBC Asset Management Inc now owns 228,478 shares of the airline’s stock valued at $11,625,000 after purchasing an additional 956 shares during the period. 79.44% of the stock is currently owned by institutional investors and hedge funds.
About Southwest Airlines
Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2017, the company operated a total of 706 Boeing 737 aircraft; and served 100 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.
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