Wall Street analysts predict that Southwest Airlines Company (NYSE:LUV) will announce sales of $5.31 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Southwest Airlines’ earnings. The lowest sales estimate is $5.27 billion and the highest is $5.33 billion. Southwest Airlines reported sales of $5.14 billion during the same quarter last year, which would suggest a positive year over year growth rate of 3.3%. The business is expected to announce its next earnings results on Wednesday, October 25th.

On average, analysts expect that Southwest Airlines will report full-year sales of $5.31 billion for the current fiscal year, with estimates ranging from $21.12 billion to $21.23 billion. For the next fiscal year, analysts forecast that the company will post sales of $22.48 billion per share, with estimates ranging from $22.10 billion to $23.07 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Southwest Airlines.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings results on Thursday, July 27th. The airline reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. The business had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.73 billion. Southwest Airlines had a net margin of 9.63% and a return on equity of 26.07%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.19 EPS.

Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Vetr downgraded shares of Southwest Airlines from a “buy” rating to a “hold” rating and set a $59.16 price objective for the company. in a research report on Wednesday. BidaskClub downgraded shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Wolfe Research raised shares of Southwest Airlines from a “market perform” rating to an “outperform” rating in a research report on Friday, August 18th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Southwest Airlines in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $66.95.

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In other Southwest Airlines news, Director William H. Dr Cunningham acquired 4,500 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $54.00 per share, with a total value of $243,000.00. Following the completion of the acquisition, the director now directly owns 66,969 shares in the company, valued at approximately $3,616,326. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.21% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in LUV. BDO Wealth Advisors LLC acquired a new position in Southwest Airlines in the second quarter worth $102,000. Guardian Life Insurance Co. of America boosted its holdings 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 purchasing an additional 15 shares during the period. Pittenger & Anderson Inc. boosted its holdings in Southwest Airlines by 13.5% in the second quarter. Pittenger & Anderson Inc. now owns 2,100 shares of the airline’s stock worth $130,000 after purchasing an additional 250 shares during the period. Van ECK Associates Corp boosted its holdings in Southwest Airlines by 6.6% in the first quarter. Van ECK Associates Corp now owns 2,502 shares of the airline’s stock worth $135,000 after purchasing an additional 154 shares during the period. Finally, National Pension Service acquired a new position in Southwest Airlines in the second quarter worth $141,000. 79.42% of the stock is owned by hedge funds and other institutional investors.

Shares of Southwest Airlines (LUV) opened at 58.29 on Friday. Southwest Airlines has a 52 week low of $36.91 and a 52 week high of $64.39. The firm has a 50-day moving average of $53.95 and a 200 day moving average of $56.88. The stock has a market cap of $34.89 billion, a PE ratio of 17.87 and a beta of 1.32.

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

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.

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

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