$0.76 Earnings Per Share Expected for Southwest Airlines Co (LUV) This Quarter

Brokerages expect Southwest Airlines Co (NYSE:LUV) to report earnings of $0.76 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Southwest Airlines’ earnings, with the lowest EPS estimate coming in at $0.72 and the highest estimate coming in at $0.86. Southwest Airlines posted earnings per share of $0.74 during the same quarter last year, which would indicate a positive year over year growth rate of 2.7%. The company is scheduled to report its next earnings report before the market opens on Thursday, January 25th.

On average, analysts expect that Southwest Airlines will report full-year earnings of $3.50 per share for the current financial year, with EPS estimates ranging from $3.44 to $3.67. For the next fiscal year, analysts expect that the company will report earnings of $4.80 per share, with EPS estimates ranging from $4.26 to $5.17. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Southwest Airlines.

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

LUV has been the subject of several research analyst reports. Deutsche Bank reaffirmed a “buy” rating and set a $71.00 price target on shares of Southwest Airlines in a research note on Friday, October 27th. Vetr lowered Southwest Airlines from a “sell” rating to a “strong sell” rating and set a $54.06 target price for the company. in a research note on Tuesday, December 5th. JPMorgan Chase & Co. boosted their target price on Southwest Airlines from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Zacks Investment Research lowered Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Finally, Macquarie started coverage on Southwest Airlines in a research note on Monday, September 25th. They issued an “outperform” rating and a $62.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Southwest Airlines currently has an average rating of “Buy” and an average price target of $67.93.

In related news, Director John T. Montford sold 935 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $53.94, for a total transaction of $50,433.90. Following the transaction, the director now owns 25,000 shares in the company, valued at approximately $1,348,500. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robert E. Jordan sold 32,931 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $64.38, for a total value of $2,120,097.78. Following the transaction, the executive vice president now owns 76,993 shares in the company, valued at approximately $4,956,809.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,561 shares of company stock worth $2,277,774. 0.21% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. BB&T Investment Services Inc. increased its holdings in Southwest Airlines by 325.5% during the 3rd quarter. BB&T Investment Services Inc. now owns 1,583 shares of the airline’s stock valued at $110,000 after purchasing an additional 1,211 shares during the period. Grove Bank & Trust increased its holdings in Southwest Airlines by 365.0% during the 3rd quarter. Grove Bank & Trust now owns 2,395 shares of the airline’s stock valued at $134,000 after purchasing an additional 1,880 shares during the period. Harfst & Associates Inc. increased its holdings in Southwest Airlines by 43.8% during the 2nd quarter. Harfst & Associates Inc. now owns 2,402 shares of the airline’s stock valued at $149,000 after purchasing an additional 732 shares during the period. Asset Dedication LLC purchased a new position in Southwest Airlines during the 4th quarter valued at about $191,000. Finally, Cottage Street Advisors LLC purchased a new position in Southwest Airlines during the 4th quarter valued at about $208,000. Institutional investors own 78.58% of the company’s stock.

Shares of Southwest Airlines (NYSE:LUV) traded down $0.01 during mid-day trading on Friday, reaching $65.05. The company’s stock had a trading volume of 4,984,746 shares, compared to its average volume of 4,300,000. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.61. Southwest Airlines has a 52-week low of $48.71 and a 52-week high of $66.99. The company has a market capitalization of $38,600.00, a price-to-earnings ratio of 18.64, a P/E/G ratio of 1.37 and a beta of 1.35.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 7th were issued a dividend of $0.125 per share. The ex-dividend date was Wednesday, December 6th. This represents a $0.50 dividend on an annualized basis and a yield of 0.77%. Southwest Airlines’s dividend payout ratio is presently 14.33%.

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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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