Analysts Anticipate Southwest Airlines Co (LUV) to Announce $1.18 Earnings Per Share

Analysts Anticipate Southwest Airlines Co (LUV) to Announce $1.18 Earnings Per Share

On average, analysts expect that Southwest Airlines will report full year earnings of $3.82 per share for the current fiscal year, with EPS estimates ranging from $3.70 to $4.00. For the next fiscal year, analysts forecast that the firm will post earnings of $4.70 per share, with EPS estimates ranging from $4.00 to $5.24. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Southwest Airlines.

Analysts predict that Southwest Airlines Co (NYSE:LUV) will report earnings per share of $1.18 for the current quarter, Zacks reports. Five analysts have made estimates for Southwest Airlines’ earnings. The highest EPS estimate is $1.23 and the lowest is $1.15. Southwest Airlines posted earnings of $1.19 per share in the same quarter last year, which would suggest a negative year over year growth rate of 0.8%. The business is expected to issue its next quarterly earnings results on Thursday, July 20th.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, April 27th. The airline reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by $0.01. Southwest Airlines had a return on equity of 29.79% and a net margin of 10.97%. The business had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.91 billion. During the same quarter in the previous year, the business posted $0.88 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis.

LUV has been the subject of several analyst reports. Vetr lowered shares of Southwest Airlines from a “buy” rating to a “hold” rating and set a $58.51 price objective for the company. in a research note on Thursday, February 16th. Morgan Stanley reiterated an “overweight” rating and issued a $61.00 price objective on shares of Southwest Airlines in a research note on Wednesday, February 22nd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $50.00 price objective on shares of Southwest Airlines in a research note on Friday, March 3rd. Cowen and Company reiterated an “outperform” rating and issued a $57.00 price objective on shares of Southwest Airlines in a research note on Saturday, March 11th. Finally, Imperial Capital reiterated an “outperform” rating and issued a $63.00 price objective on shares of Southwest Airlines in a research note on Tuesday, March 14th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Southwest Airlines currently has an average rating of “Buy” and a consensus price target of $59.08.

In related news, EVP Jeff Lamb sold 19,800 shares of Southwest Airlines stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $61.00, for a total value of $1,207,800.00. Following the completion of the sale, the executive vice president now directly owns 92,468 shares in the company, valued at approximately $5,640,548. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert E. Jordan sold 15,273 shares of Southwest Airlines stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $59.72, for a total transaction of $912,103.56. Following the completion of the sale, the executive vice president now owns 102,527 shares of the company’s stock, valued at $6,122,912.44. The disclosure for this sale can be found here. Insiders sold a total of 118,740 shares of company stock valued at $6,923,568 over the last quarter. 0.18% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in Southwest Airlines by 6.1% in the fourth quarter. Van ECK Associates Corp now owns 2,348 shares of the airline’s stock worth $117,000 after buying an additional 136 shares during the period. Guardian Life Insurance Co. of America boosted its stake in Southwest Airlines by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 2,374 shares of the airline’s stock worth $128,000 after buying an additional 15 shares during the period. Perennial Advisors LLC bought a new stake in Southwest Airlines during the fourth quarter worth approximately $137,000. Independent Advisor Alliance bought a new stake in Southwest Airlines during the fourth quarter worth approximately $143,000. Finally, TrimTabs Asset Management LLC boosted its stake in Southwest Airlines by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 2,821 shares of the airline’s stock worth $152,000 after buying an additional 1,328 shares during the period. Institutional investors own 76.70% of the company’s stock.

Southwest Airlines (LUV) traded up 1.03% during trading on Wednesday, reaching $60.09. The company had a trading volume of 4,088,210 shares. The company has a 50-day moving average price of $57.49 and a 200 day moving average price of $53.45. Southwest Airlines has a one year low of $35.42 and a one year high of $61.19. The company has a market capitalization of $36.33 billion, a price-to-earnings ratio of 18.02 and a beta of 0.88.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 28th. Investors of record on Wednesday, June 7th will be paid a $0.125 dividend. The ex-dividend date is Monday, June 5th. This is a boost from Southwest Airlines’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a yield of 0.83%. Southwest Airlines’s dividend payout ratio (DPR) is 11.33%.

About Southwest Airlines

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LUV”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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