Southwest Airlines Co (NYSE:LUV) – Investment analysts at Imperial Capital dropped their FY2017 earnings per share (EPS) estimates for shares of Southwest Airlines in a report released on Thursday. Imperial Capital analyst M. Derchin now anticipates that the airline will post earnings per share of $3.58 for the year, down from their previous estimate of $3.62. Imperial Capital also issued estimates for Southwest Airlines’ Q4 2017 earnings at $0.86 EPS, Q1 2018 earnings at $0.82 EPS, Q2 2018 earnings at $1.50 EPS, Q3 2018 earnings at $1.23 EPS and FY2018 earnings at $4.80 EPS.

LUV has been the subject of several other research reports. Bank of America downgraded shares of Southwest Airlines from a “buy” rating to a “neutral” rating and set a $73.00 price target for the company. in a research note on Tuesday, January 9th. Raymond James Financial upgraded shares of Southwest Airlines from a “market perform” rating to an “outperform” rating and set a $65.00 price target for the company in a research note on Wednesday, September 20th. Vetr upgraded shares of Southwest Airlines from a “strong sell” rating to a “sell” rating and set a $60.23 price target for the company in a research note on Tuesday, December 26th. Atlantic Securities upgraded shares of Southwest Airlines from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $48.71 to $71.00 in a research note on Thursday, December 14th. Finally, Macquarie assumed coverage on shares of Southwest Airlines in a research note on Monday, September 25th. They issued an “outperform” rating and a $62.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. Southwest Airlines currently has a consensus rating of “Buy” and an average target price of $67.93.

Southwest Airlines (LUV) opened at $65.36 on Monday. The company has a market cap of $38,780.00, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 1.39 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. Southwest Airlines has a 12 month low of $48.71 and a 12 month high of $66.99.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.01. The business had revenue of $5.27 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm posted $0.93 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 7th were given a $0.125 dividend. The ex-dividend date was Wednesday, December 6th. This represents a $0.50 dividend on an annualized basis and a yield of 0.76%. Southwest Airlines’s dividend payout ratio (DPR) is presently 14.33%.

In related news, Director John T. Montford sold 1,695 shares of the business’s 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 completion of the sale, the director now directly owns 23,098 shares of the company’s stock, valued at $1,461,410.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Robert E. Jordan sold 32,931 shares of the business’s 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 sale, the executive vice president now directly owns 76,993 shares of the company’s stock, valued at $4,956,809.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,593 shares of company stock valued at $2,279,660. 0.21% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Boston Partners raised its holdings in shares of Southwest Airlines by 101.7% in the third quarter. Boston Partners now owns 4,980,739 shares of the airline’s stock valued at $278,822,000 after buying an additional 2,511,258 shares during the last quarter. APG Asset Management N.V. raised its holdings in shares of Southwest Airlines by 16.8% in the third quarter. APG Asset Management N.V. now owns 4,592,536 shares of the airline’s stock valued at $257,090,000 after buying an additional 660,500 shares during the last quarter. Rockefeller Financial Services Inc. raised its holdings in shares of Southwest Airlines by 4.0% in the third quarter. Rockefeller Financial Services Inc. now owns 3,193,405 shares of the airline’s stock valued at $178,766,000 after buying an additional 121,447 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Southwest Airlines by 171.7% in the third quarter. Janus Henderson Group PLC now owns 1,821,985 shares of the airline’s stock valued at $101,994,000 after buying an additional 1,151,371 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of Southwest Airlines by 3.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 1,800,000 shares of the airline’s stock valued at $100,764,000 after buying an additional 65,000 shares during the last quarter. 78.55% of the stock is owned by hedge funds and other 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.

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

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