Analysts Anticipate Southwest Airlines (LUV) Will Announce Earnings of $0.75 Per Share

Equities analysts expect Southwest Airlines (NYSE:LUV) to post $0.75 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Southwest Airlines’ earnings, with the lowest EPS estimate coming in at $0.72 and the highest estimate coming in at $0.83. Southwest Airlines reported earnings per share of $0.61 during the same quarter last year, which suggests a positive year-over-year growth rate of 23%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, April 26th.

According to Zacks, analysts expect that Southwest Airlines will report full year earnings of $4.85 per share for the current year, with EPS estimates ranging from $4.70 to $5.05. For the next year, analysts anticipate that the company will post earnings of $5.70 per share, with EPS estimates ranging from $5.20 to $6.50. Zacks’ EPS calculations are an average based on a survey of research firms that cover Southwest Airlines.

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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, topping the Zacks’ consensus estimate of $0.76 by $0.01. Southwest Airlines had a return on equity of 23.43% and a net margin of 16.48%. The firm had revenue of $5.27 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same period last year, the company earned $0.75 EPS. Southwest Airlines’s quarterly revenue was up 3.9% compared to the same quarter last year.

Several research firms have commented on LUV. Stifel Nicolaus restated a “buy” rating and set a $85.00 price objective (up from $80.00) on shares of Southwest Airlines in a report on Wednesday, January 10th. Stephens restated a “buy” rating and set a $75.00 price objective on shares of Southwest Airlines in a report on Thursday, March 29th. Zacks Investment Research downgraded Southwest Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. ValuEngine downgraded Southwest Airlines from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Morgan Stanley reduced their price objective on Southwest Airlines from $72.00 to $69.00 and set an “overweight” rating on the stock in a report on Thursday, April 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the stock. Southwest Airlines currently has an average rating of “Buy” and an average target price of $70.40.

In other news, CFO Tammy Romo sold 20,272 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $57.95, for a total value of $1,174,762.40. Following the completion of the sale, the chief financial officer now owns 114,962 shares of the company’s stock, valued at approximately $6,662,047.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William H. Dr Cunningham acquired 3,500 shares of the stock in a transaction dated Monday, February 12th. The stock was acquired at an average cost of $56.25 per share, with a total value of $196,875.00. Following the transaction, the director now directly owns 70,469 shares in the company, valued at $3,963,881.25. The disclosure for this purchase can be found here. Insiders sold a total of 108,473 shares of company stock worth $6,296,091 over the last quarter. Company insiders own 0.23% of the company’s stock.

Several institutional investors have recently bought and sold shares of LUV. Bank of New York Mellon Corp lifted its position in Southwest Airlines by 39.1% during the 4th quarter. Bank of New York Mellon Corp now owns 8,286,126 shares of the airline’s stock worth $542,326,000 after acquiring an additional 2,328,296 shares during the period. Anchor Bolt Capital LP lifted its position in Southwest Airlines by 221.9% during the 4th quarter. Anchor Bolt Capital LP now owns 1,346,350 shares of the airline’s stock worth $88,119,000 after acquiring an additional 928,147 shares during the period. Wealthstreet Investment Advisors LLC acquired a new stake in Southwest Airlines during the 4th quarter worth about $56,737,000. Element Capital Management LLC acquired a new stake in Southwest Airlines during the 4th quarter worth about $49,928,000. Finally, Egerton Capital UK LLP lifted its position in Southwest Airlines by 9.8% during the 4th quarter. Egerton Capital UK LLP now owns 7,310,517 shares of the airline’s stock worth $478,473,000 after acquiring an additional 654,828 shares during the period. 80.11% of the stock is owned by hedge funds and other institutional investors.

LUV traded down $0.03 during trading on Monday, hitting $54.77. 5,031,650 shares of the stock were exchanged, compared to its average volume of 4,845,755. The company has a market capitalization of $32,219.71, a P/E ratio of 15.66, a PEG ratio of 1.41 and a beta of 1.14. Southwest Airlines has a 1 year low of $49.76 and a 1 year high of $66.99. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.45.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.91%. Southwest Airlines’s dividend payout ratio is presently 14.29%.

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Southwest Airlines Company Profile

Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2017, the company operated a total of 706 Boeing 737 aircraft; and served 100 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, Turks, and Chaos.

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

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