Southwest Airlines Sets New 1-Year High at $33.14 (LUV)
Shares of Southwest Airlines (NYSE:LUV) reached a new 52-week high during trading on Thursday , Analyst Ratings News reports. The company traded as high as $33.14 and last traded at $32.92, with a volume of 3,118,763 shares. The stock had previously closed at $32.58.
LUV has been the subject of a number of recent research reports. Analysts at Edward Jones downgraded shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Thursday, August 28th. Separately, analysts at Evercore Partners raised their price target on shares of Southwest Airlines from $32.00 to $35.00 in a research note on Monday, August 25th. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Southwest Airlines in a research note on Friday, August 8th. They now have a $34.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $31.96.
The stock’s 50-day moving average is $29.67 and its 200-day moving average is $26.01. The company has a market cap of $22.462 billion and a P/E ratio of 21.06.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.10. The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same quarter last year, the company posted $0.38 earnings per share. Southwest Airlines’s revenue was up 7.9% compared to the same quarter last year. On average, analysts predict that Southwest Airlines will post $1.77 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, August 19th.
In other Southwest Airlines news, Director Daniel D. Villanueva unloaded 10,000 shares of the stock on the open market in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $31.73, for a total transaction of $317,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Southwest Airlines Co operates Southwest Airlines and AirTran Airways, passenger airlines that provide scheduled air transportation in the United States and near-international markets.
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