Wall Street analysts expect Southwest Airlines Company (NYSE:LUV) to post earnings of $0.88 per share for the current quarter, according to Zacks. Five analysts have made estimates for Southwest Airlines’ earnings, with estimates ranging from $0.85 to $0.95. Southwest Airlines posted earnings per share of $0.93 in the same quarter last year, which suggests a negative year-over-year growth rate of 5.4%. The firm is scheduled to report its next quarterly earnings results on Wednesday, October 25th.

According to Zacks, analysts expect that Southwest Airlines will report full year earnings of $3.64 per share for the current year, with EPS estimates ranging from $3.50 to $3.75. For the next financial year, analysts expect that the firm will report earnings of $4.54 per share, with EPS estimates ranging from $4.00 to $4.90. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Southwest Airlines.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings results on Thursday, July 27th. The airline reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.04. Southwest Airlines had a return on equity of 26.07% and a net margin of 9.63%. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.73 billion. During the same period last year, the firm posted $1.19 EPS. The business’s revenue was up 6.7% on a year-over-year basis.

Several equities research analysts have weighed in on the company. Vetr cut Southwest Airlines from a “buy” rating to a “hold” rating and set a $59.16 target price for the company. in a research note on Wednesday. Macquarie assumed coverage on Southwest Airlines in a research note on Monday, September 25th. They set an “outperform” rating and a $62.00 target price for the company. Zacks Investment Research cut Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Raymond James Financial, Inc. upgraded Southwest Airlines from a “market perform” rating to an “outperform” rating and set a $65.00 target price for the company in a research note on Wednesday, September 20th. Finally, J P Morgan Chase & Co upgraded Southwest Airlines from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $60.00 to $66.00 in a research note on Friday, September 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $66.95.

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Southwest Airlines (NYSE LUV) traded down 0.22% during midday trading on Wednesday, hitting $58.38. The stock had a trading volume of 6,477,491 shares. Southwest Airlines has a 1-year low of $36.91 and a 1-year high of $64.39. The stock has a market cap of $34.94 billion, a price-to-earnings ratio of 17.90 and a beta of 1.32. The company has a 50-day moving average of $53.86 and a 200-day moving average of $56.87.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 24th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $0.50 dividend on an annualized basis and a yield of 0.86%. Southwest Airlines’s payout ratio is 15.34%.

In related news, Director William H. Dr Cunningham acquired 4,500 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average cost of $54.00 per share, for a total transaction of $243,000.00. Following the completion of the acquisition, the director now directly owns 66,969 shares of the company’s stock, valued at approximately $3,616,326. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.21% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Pensionfund Sabic acquired a new stake in Southwest Airlines in the third quarter valued at $1,511,000. Fulton Bank N.A. increased its holdings in Southwest Airlines by 23.1% in the third quarter. Fulton Bank N.A. now owns 19,314 shares of the airline’s stock valued at $1,081,000 after purchasing an additional 3,630 shares during the period. Pensionfund DSM Netherlands acquired a new stake in Southwest Airlines in the third quarter valued at $2,743,000. Eqis Capital Management Inc. increased its holdings in Southwest Airlines by 23.3% in the third quarter. Eqis Capital Management Inc. now owns 18,287 shares of the airline’s stock valued at $1,024,000 after purchasing an additional 3,455 shares during the period. Finally, Curbstone Financial Management Corp increased its holdings in Southwest Airlines by 161.7% in the third quarter. Curbstone Financial Management Corp now owns 15,260 shares of the airline’s stock valued at $854,000 after purchasing an additional 9,430 shares during the period. Institutional investors and hedge funds own 79.42% 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.

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Earnings History and Estimates for Southwest Airlines (NYSE:LUV)

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