Southwest Airlines (NYSE:LUV) is scheduled to announce its earnings results before the market opens on Thursday, January 25th. Analysts expect the company to announce earnings of $0.86 per share for the quarter.
Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data 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. The firm had revenue of $5.27 billion for 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 business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 EPS. On average, analysts expect Southwest Airlines to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Southwest Airlines (LUV) opened at $66.07 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.61. The stock has a market cap of $39,210.00, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 1.37 and a beta of 1.35. Southwest Airlines has a fifty-two week low of $48.71 and a fifty-two week high of $66.99.
In related news, EVP Robert E. Jordan sold 32,931 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $64.38, for a total value of $2,120,097.78. Following the sale, the executive vice president now directly owns 76,993 shares in the company, valued at approximately $4,956,809.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John T. Montford sold 1,695 shares of the business’s stock in a transaction dated 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 owns 23,098 shares in the company, valued at $1,461,410.46. The disclosure for this sale can be found here. Insiders have sold a total of 35,561 shares of company stock worth $2,277,774 over the last quarter. Company insiders own 0.21% of the company’s stock.
A number of equities analysts have issued reports on LUV shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 price objective on shares of Southwest Airlines in a report on Wednesday, November 1st. Deutsche Bank reaffirmed a “buy” rating and set a $71.00 price objective on shares of Southwest Airlines in a report on Friday, October 27th. Vetr downgraded 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. Cowen reaffirmed a “buy” rating and set a $67.00 price objective on shares of Southwest Airlines in a report on Tuesday, January 9th. Finally, Zacks Investment Research raised shares of Southwest Airlines from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $67.93.
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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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