Southwest Airlines Co (NYSE:LUV) – Equities research analysts at Imperial Capital boosted their Q3 2018 earnings per share (EPS) estimates for Southwest Airlines in a research note issued to investors on Friday. Imperial Capital analyst M. Derchin now anticipates that the airline will earn $1.35 per share for the quarter, up from their previous forecast of $1.23. Imperial Capital also issued estimates for Southwest Airlines’ Q4 2018 earnings at $1.30 EPS.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, January 25th. The airline reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.01. The firm had revenue of $5.27 billion during the quarter, compared to the consensus estimate of $5.25 billion. Southwest Airlines had a return on equity of 23.43% and a net margin of 16.48%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $0.75 EPS.
Shares of Southwest Airlines (NYSE LUV) opened at $60.82 on Monday. The stock has a market capitalization of $36,090.00, a PE ratio of 17.43, a PEG ratio of 1.26 and a beta of 1.35. The company has a current ratio of 0.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.45. Southwest Airlines has a 12-month low of $49.76 and a 12-month high of $66.99.
A number of institutional investors have recently made changes to their positions in LUV. Virtu KCG Holdings LLC increased its stake in Southwest Airlines by 2.6% in the 2nd quarter. Virtu KCG Holdings LLC now owns 6,032 shares of the airline’s stock worth $375,000 after purchasing an additional 150 shares during the period. Voya Investment Management LLC increased its stake in Southwest Airlines by 6.3% in the 2nd quarter. Voya Investment Management LLC now owns 254,176 shares of the airline’s stock worth $15,795,000 after purchasing an additional 14,965 shares during the period. Stifel Financial Corp increased its stake in Southwest Airlines by 42.8% in the 2nd quarter. Stifel Financial Corp now owns 154,859 shares of the airline’s stock worth $9,613,000 after purchasing an additional 46,398 shares during the period. Balyasny Asset Management LLC increased its stake in Southwest Airlines by 3.3% in the 2nd quarter. Balyasny Asset Management LLC now owns 313,774 shares of the airline’s stock worth $19,498,000 after purchasing an additional 9,954 shares during the period. Finally, Tudor Investment Corp ET AL increased its stake in Southwest Airlines by 243.0% in the 2nd quarter. Tudor Investment Corp ET AL now owns 19,087 shares of the airline’s stock worth $1,186,000 after purchasing an additional 13,522 shares during the period. 78.51% of the stock is currently owned by institutional investors and hedge funds.
In other Southwest Airlines news, EVP Robert E. Jordan sold 32,931 shares of Southwest Airlines stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 76,993 shares of the company’s stock, valued at approximately $4,956,809.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John T. Montford sold 935 shares of Southwest Airlines stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $53.94, for a total value of $50,433.90. Following the completion of the transaction, the director now directly owns 25,000 shares in the company, valued at $1,348,500. The disclosure for this sale can be found here. Insiders sold a total of 35,561 shares of company stock worth $2,277,774 over the last ninety days. Insiders own 0.21% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Thursday, December 7th were paid a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, December 6th. This represents a $0.50 dividend on an annualized basis and a yield of 0.82%. Southwest Airlines’s dividend payout ratio (DPR) 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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