Wall Street analysts expect Southwest Airlines Company (NYSE:LUV) to announce $5.21 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Southwest Airlines’ earnings, with estimates ranging from $5.19 billion to $5.22 billion. Southwest Airlines posted sales of $5.08 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 2.6%. The firm is expected to issue its next quarterly earnings results on Thursday, January 25th.

According to Zacks, analysts expect that Southwest Airlines will report full year sales of $5.21 billion for the current financial year, with estimates ranging from $21.09 billion to $21.12 billion. For the next financial year, analysts expect that the business will post sales of $22.49 billion per share, with estimates ranging from $22.28 billion to $22.86 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Southwest Airlines.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings data on Thursday, October 26th. The airline reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.01. The firm had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.29 billion. Southwest Airlines had a net margin of 10.12% and a return on equity of 24.85%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 EPS.

Several research analysts have weighed in on LUV shares. Citigroup Inc. reiterated a “buy” rating and issued a $64.00 price objective (down previously from $65.00) on shares of Southwest Airlines in a research note on Thursday, September 7th. Cowen and Company reiterated a “buy” rating and issued a $67.00 price objective on shares of Southwest Airlines in a research note on Friday, September 1st. Morgan Stanley set a $64.00 price objective on shares of Southwest Airlines and gave the company a “buy” rating in a research note on Thursday, August 17th. Vetr upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $64.21 price objective on the stock in a research note on Tuesday, July 18th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $71.00 price objective on shares of Southwest Airlines in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $67.00.

In related news, Director John T. Montford sold 935 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $53.94, for a total transaction of $50,433.90. Following the completion of the sale, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $1,348,500. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Citizens Financial Group Inc. RI bought a new stake in Southwest Airlines in the 3rd quarter valued at $211,000. Synovus Financial Corp boosted its holdings in Southwest Airlines by 10.7% in the 3rd quarter. Synovus Financial Corp now owns 76,432 shares of the airline’s stock valued at $4,280,000 after purchasing an additional 7,367 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Southwest Airlines by 66.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 244,938 shares of the airline’s stock valued at $13,711,000 after purchasing an additional 98,007 shares during the period. Private Advisor Group LLC boosted its holdings in Southwest Airlines by 25.5% in the 3rd quarter. Private Advisor Group LLC now owns 24,489 shares of the airline’s stock valued at $1,400,000 after purchasing an additional 4,976 shares during the period. Finally, BB&T Investment Services Inc. boosted its holdings in Southwest Airlines by 325.5% in the 3rd quarter. BB&T Investment Services Inc. now owns 1,583 shares of the airline’s stock valued at $110,000 after purchasing an additional 1,211 shares during the period. 80.15% of the stock is owned by institutional investors and hedge funds.

Southwest Airlines (NYSE:LUV) opened at $53.25 on Tuesday. The firm has a market cap of $31,740.30, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 1.77 and a beta of 1.31. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.61 and a quick ratio of 0.55. Southwest Airlines has a 12 month low of $43.88 and a 12 month high of $64.39.

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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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