$0.84 EPS Expected for Southwest Airlines Co (LUV) This Quarter

Equities analysts forecast that Southwest Airlines Co (NYSE:LUV) will post earnings of $0.84 per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Southwest Airlines’ earnings. The highest EPS estimate is $0.90 and the lowest is $0.79. Southwest Airlines posted earnings of $0.74 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.5%. The company is scheduled to report its next earnings report on Thursday, January 25th.

On average, analysts expect that Southwest Airlines will report full year earnings of $3.57 per share for the current year, with EPS estimates ranging from $3.51 to $3.67. For the next fiscal year, analysts forecast that the business will post earnings of $4.56 per share, with EPS estimates ranging from $4.20 to $5.10. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Southwest Airlines.

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

Several equities research analysts recently issued reports on the stock. ValuEngine cut shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Wednesday. Vetr upgraded shares of Southwest Airlines from a “sell” rating to a “hold” rating and set a $65.81 price objective for the company in a research report on Monday. Zacks Investment Research cut shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Barclays restated a “hold” rating and set a $61.00 price objective on shares of Southwest Airlines in a research report on Thursday, September 14th. Finally, Cowen reaffirmed an “outperform” rating and set a $64.00 target price (up previously from $62.00) on shares of Southwest Airlines in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company. Southwest Airlines has an average rating of “Buy” and a consensus price target of $67.58.

In other news, Director John T. Montford sold 1,695 shares of Southwest Airlines stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $63.27, for a total value of $107,242.65. Following the transaction, the director now directly owns 23,098 shares of the company’s stock, valued at approximately $1,461,410.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert E. Jordan sold 32,931 shares of Southwest Airlines stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $64.38, for a total transaction of $2,120,097.78. Following the completion of the transaction, the executive vice president now directly owns 76,993 shares in the company, valued at $4,956,809.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,593 shares of company stock worth $2,279,660. 0.21% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in LUV. Atlantic Trust Group LLC grew its position in Southwest Airlines by 4.3% in the 3rd quarter. Atlantic Trust Group LLC now owns 31,373 shares of the airline’s stock valued at $1,757,000 after buying an additional 1,294 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in Southwest Airlines by 4.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,585,066 shares of the airline’s stock valued at $88,732,000 after buying an additional 66,544 shares during the last quarter. TrimTabs Asset Management LLC grew its position in Southwest Airlines by 17.1% in the 3rd quarter. TrimTabs Asset Management LLC now owns 6,769 shares of the airline’s stock valued at $379,000 after buying an additional 990 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Southwest Airlines by 0.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 441,505 shares of the airline’s stock valued at $24,715,000 after buying an additional 1,455 shares during the last quarter. Finally, Moors & Cabot Inc. grew its position in Southwest Airlines by 50.1% in the 3rd quarter. Moors & Cabot Inc. now owns 14,410 shares of the airline’s stock valued at $807,000 after buying an additional 4,807 shares during the last quarter. 78.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of Southwest Airlines (LUV) traded down $0.21 during midday trading on Thursday, hitting $64.70. 4,121,400 shares of the stock were exchanged, compared to its average volume of 4,650,000. Southwest Airlines has a 1-year low of $48.71 and a 1-year high of $66.99. The firm has a market capitalization of $38,390.00, a PE ratio of 18.54, a price-to-earnings-growth ratio of 1.72 and a beta of 1.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.61 and a quick ratio of 0.55.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 7th will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, December 6th. This represents a $0.50 dividend on an annualized basis and a yield of 0.77%. Southwest Airlines’s payout ratio is currently 14.33%.

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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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