Equities analysts expect Southwest Airlines Co (NYSE:LUV) to post earnings of $0.85 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Southwest Airlines’ earnings, with estimates ranging from $0.80 to $0.90. Southwest Airlines posted earnings of $0.74 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 14.9%. The firm is scheduled to announce its next earnings report on Thursday, January 25th.
According to Zacks, analysts expect that Southwest Airlines will report full-year earnings of $3.58 per share for the current fiscal year, with EPS estimates ranging from $3.51 to $3.67. For the next year, analysts anticipate that the business will report earnings of $4.56 per share, with EPS estimates ranging from $4.20 to $5.10. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Southwest Airlines.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, October 26th. The airline reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.01. The company had revenue of $5.27 billion during the quarter, compared to analysts’ expectations of $5.29 billion. Southwest Airlines had a return on equity of 24.85% and a net margin of 10.12%. The business’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the business earned $0.93 earnings per share.
A number of research analysts have issued reports on LUV shares. Deutsche Bank reissued a “buy” rating and set a $71.00 price objective on shares of Southwest Airlines in a report on Friday, October 27th. Vetr cut Southwest Airlines from a “sell” rating to a “strong sell” rating and set a $54.06 price objective for the company. in a report on Tuesday, December 5th. JPMorgan Chase & Co. lifted their price objective on Southwest Airlines from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Morgan Stanley reissued an “overweight” rating on shares of Southwest Airlines in a report on Tuesday, September 12th. Finally, Zacks Investment Research cut Southwest Airlines from a “hold” rating to a “sell” rating in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. Southwest Airlines currently has an average rating of “Buy” and an average target price of $67.58.
Shares of Southwest Airlines (LUV) traded down $0.38 during midday trading on Thursday, hitting $64.32. The company’s stock had a trading volume of 3,107,068 shares, compared to its average volume of 4,630,000. The company has a market capitalization of $38,170.00, a PE ratio of 18.43, a PEG ratio of 1.66 and a beta of 1.35. Southwest Airlines has a 12 month low of $48.71 and a 12 month high of $66.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.61.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Thursday, December 7th were paid a $0.125 dividend. The ex-dividend date was Wednesday, December 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.78%. Southwest Airlines’s dividend payout ratio (DPR) is presently 14.33%.
In other news, EVP Robert E. Jordan sold 32,931 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $64.38, for a total value of $2,120,097.78. Following the completion of the sale, the executive vice president now directly owns 76,993 shares in the company, valued at $4,956,809.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John T. Montford sold 935 shares of Southwest Airlines stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $53.94, for a total value of $50,433.90. Following the completion of the sale, the director now owns 25,000 shares of the company’s stock, valued at $1,348,500. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,593 shares of company stock valued at $2,279,660. 0.21% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the stock. Atlantic Trust Group LLC increased its position in Southwest Airlines by 4.3% in the third quarter. Atlantic Trust Group LLC now owns 31,373 shares of the airline’s stock worth $1,757,000 after purchasing an additional 1,294 shares during the period. Parametric Portfolio Associates LLC increased its position in Southwest Airlines by 4.4% in the third quarter. Parametric Portfolio Associates LLC now owns 1,585,066 shares of the airline’s stock worth $88,732,000 after purchasing an additional 66,544 shares during the period. TrimTabs Asset Management LLC increased its position in Southwest Airlines by 17.1% in the third quarter. TrimTabs Asset Management LLC now owns 6,769 shares of the airline’s stock worth $379,000 after purchasing an additional 990 shares during the period. Public Employees Retirement System of Ohio increased its position in Southwest Airlines by 0.3% in the third quarter. Public Employees Retirement System of Ohio now owns 441,505 shares of the airline’s stock worth $24,715,000 after purchasing an additional 1,455 shares during the period. Finally, Moors & Cabot Inc. increased its position in Southwest Airlines by 50.1% in the third quarter. Moors & Cabot Inc. now owns 14,410 shares of the airline’s stock worth $807,000 after purchasing an additional 4,807 shares during the period. Hedge funds and other institutional investors own 78.57% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter.