Brokerages expect Southwest Airlines Company (NYSE:LUV) to report earnings per share (EPS) of $0.83 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Southwest Airlines’ earnings. The lowest EPS estimate is $0.77 and the highest is $0.88. Southwest Airlines reported earnings per share of $0.74 in the same quarter last year, which indicates a positive year-over-year growth rate of 12.2%. The business is scheduled to report its next quarterly earnings results on Thursday, January 25th.

On average, analysts expect that Southwest Airlines will report full-year earnings of $3.56 per share for the current financial year, with EPS estimates ranging from $3.49 to $3.67. For the next fiscal year, analysts expect that the company will report earnings of $4.48 per share, with EPS estimates ranging from $4.15 to $4.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Southwest Airlines.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings results on Thursday, October 26th. The airline reported $0.88 earnings per share (EPS) 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 business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 EPS.

Several research firms have recently weighed in on LUV. Vetr lowered shares of Southwest Airlines from a “buy” rating to a “hold” rating and set a $59.16 target price on the stock. in a report on Wednesday, October 4th. Wolfe Research raised shares of Southwest Airlines from a “market perform” rating to an “outperform” rating in a report on Friday, August 18th. Barclays reaffirmed a “hold” rating and issued a $61.00 target price on shares of Southwest Airlines in a report on Thursday, September 14th. Zacks Investment Research lowered shares of Southwest Airlines from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Finally, Raymond James Financial raised shares of Southwest Airlines from a “market perform” rating to an “outperform” rating and set a $65.00 target price on the stock in a report on Wednesday, September 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.89.

Southwest Airlines (NYSE LUV) traded down $0.75 on Friday, hitting $59.92. 6,184,891 shares of the stock traded hands, compared to its average volume of 5,228,818. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46. Southwest Airlines has a fifty-two week low of $44.70 and a fifty-two week high of $64.39. The company has a market cap of $35,560.00, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 1.86 and a beta of 1.31.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 7th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.50 dividend on an annualized basis and a yield of 0.83%. Southwest Airlines’s payout ratio is presently 14.33%.

In other Southwest Airlines news, Director John T. Montford sold 935 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $53.94, for a total transaction of $50,433.90. Following the transaction, the director now directly owns 25,000 shares in the company, valued at approximately $1,348,500. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Several hedge funds have recently made changes to their positions in LUV. NGAM Advisors L.P. increased its stake in shares of Southwest Airlines by 6.8% in the 2nd quarter. NGAM Advisors L.P. now owns 100,094 shares of the airline’s stock valued at $6,220,000 after acquiring an additional 6,348 shares during the last quarter. Eagle Global Advisors LLC bought a new stake in shares of Southwest Airlines in the 2nd quarter valued at about $407,000. Great West Life Assurance Co. Can increased its stake in shares of Southwest Airlines by 159.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 547,243 shares of the airline’s stock valued at $33,949,000 after acquiring an additional 336,192 shares during the last quarter. Honkamp Krueger Financial Services Inc. bought a new stake in shares of Southwest Airlines in the 2nd quarter valued at about $249,000. Finally, CIBC Asset Management Inc increased its stake in shares of Southwest Airlines by 1.6% in the 2nd quarter. CIBC Asset Management Inc now owns 61,873 shares of the airline’s stock valued at $3,845,000 after acquiring an additional 953 shares during the last quarter. 78.86% of the stock is owned by institutional investors.

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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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