Wall Street analysts expect Southwest Airlines Company (NYSE:LUV) to post $5.21 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Southwest Airlines’ earnings. The highest sales estimate is $5.22 billion and the lowest is $5.19 billion. Southwest Airlines posted sales of $5.08 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.6%. The business is expected to report 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 $21.13 billion. For the next year, analysts anticipate that the company will post sales of $22.53 billion per share, with estimates ranging from $22.32 billion to $22.86 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for Southwest Airlines.

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

Several equities analysts recently weighed in on LUV shares. Morgan Stanley set a $64.00 price objective on shares of Southwest Airlines and gave the company a “buy” rating in a report on Thursday, August 17th. Vetr lowered shares of Southwest Airlines from a “strong-buy” rating to a “buy” rating and set a $59.16 price objective on the stock. in a report on Friday, September 22nd. Citigroup restated a “buy” rating and issued a $64.00 price objective (down from $65.00) on shares of Southwest Airlines in a report on Thursday, September 7th. Cowen restated a “buy” rating and issued a $67.00 price objective on shares of Southwest Airlines in a report on Friday, September 1st. Finally, Deutsche Bank restated a “buy” rating and issued a $71.00 price objective on shares of Southwest Airlines in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $66.89.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. BDO Wealth Advisors LLC acquired a new stake in Southwest Airlines in the second quarter worth $102,000. BB&T Investment Services Inc. raised its holdings in Southwest Airlines by 325.5% in the third quarter. BB&T Investment Services Inc. now owns 1,583 shares of the airline’s stock worth $110,000 after purchasing an additional 1,211 shares during the period. Pittenger & Anderson Inc. raised 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. Grove Bank & Trust increased its position in shares of Southwest Airlines by 365.0% during the third quarter. Grove Bank & Trust now owns 2,395 shares of the airline’s stock worth $134,000 after acquiring an additional 1,880 shares in the last quarter. Finally, Harfst & Associates Inc. increased its position in shares of Southwest Airlines by 43.8% during the second quarter. Harfst & Associates Inc. now owns 2,402 shares of the airline’s stock worth $149,000 after acquiring an additional 732 shares in the last quarter. Institutional investors own 78.86% of the company’s stock.

Southwest Airlines (NYSE LUV) opened at $59.92 on Friday. Southwest Airlines has a twelve month low of $47.04 and a twelve month high of $64.39. The firm has a market cap of $35,555.81, a P/E ratio of 17.27, a P/E/G ratio of 1.99 and a beta of 1.34. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 0.46.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 7th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.50 annualized dividend and a yield of 0.83%. Southwest Airlines’s dividend payout ratio (DPR) is presently 14.37%.

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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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