Southwest Airlines Co. (NYSE:LUV) – Analysts at Imperial Capital boosted their FY2018 earnings per share estimates for shares of Southwest Airlines in a research report issued to clients and investors on Tuesday. Imperial Capital analyst M. Derchin now expects that the firm will earn $5.00 per share for the year, up from their prior estimate of $4.61. Imperial Capital currently has a “Outperform” rating and a $57.00 price objective on the stock. Imperial Capital also issued estimates for Southwest Airlines’ FY2019 earnings at $3.16 EPS.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings results on Wednesday, October 26th. The airline reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.05. Southwest Airlines had a net margin of 11.09% and a return on equity of 32.51%. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.17 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. WARNING: This report was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another site, it was illegally stolen and republished in violation of U.S. & international trademark & copyright legislation. The original version of this report can be read at https://www.thecerbatgem.com/2016/11/26/fy2018-earnings-estimate-for-southwest-airlines-co-issued-by-imperial-capital-luv.html.

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

Several other research analysts have also weighed in on LUV. Bank of America Corp. set a $50.00 price objective on shares of Southwest Airlines and gave the company a “buy” rating in a research note on Saturday, October 1st. Vetr lowered shares of Southwest Airlines from a “buy” rating to a “hold” rating and set a $41.49 price objective on the stock. in a research note on Monday, November 7th. JPMorgan Chase & Co. upgraded shares of Southwest Airlines from a “neutral” rating to an “overweight” rating and set a $51.50 price objective on the stock in a research note on Thursday, October 27th. Credit Suisse Group AG set a $48.00 price objective on shares of Southwest Airlines and gave the company a “buy” rating in a research note on Monday, September 12th. Finally, Zacks Investment Research upgraded shares of Southwest Airlines from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $50.70.

Southwest Airlines (NYSE:LUV) traded up 0.17% during midday trading on Thursday, reaching $47.45. 2,499,128 shares of the company traded hands. The firm has a 50 day moving average of $42.43 and a 200-day moving average of $40.02. The stock has a market capitalization of $29.21 billion, a price-to-earnings ratio of 13.49 and a beta of 0.86. Southwest Airlines has a 12 month low of $33.96 and a 12 month high of $51.34.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Thursday, December 8th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Tuesday, December 6th. Southwest Airlines’s dividend payout ratio (DPR) is presently 11.40%.

WARNING: This report was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another site, it was illegally stolen and republished in violation of U.S. & international trademark & copyright legislation. The original version of this report can be read at https://www.thecerbatgem.com/2016/11/26/fy2018-earnings-estimate-for-southwest-airlines-co-issued-by-imperial-capital-luv.html.

Several institutional investors have recently made changes to their positions in the stock. Douglass Winthrop Advisors LLC boosted its position in shares of Southwest Airlines by 8.2% in the second quarter. Douglass Winthrop Advisors LLC now owns 18,560 shares of the airline’s stock worth $706,000 after buying an additional 1,400 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of Southwest Airlines by 5.9% in the second quarter. Capstone Asset Management Co. now owns 62,364 shares of the airline’s stock worth $2,445,000 after buying an additional 3,472 shares in the last quarter. Saddle Road Partners LLC acquired a new position in shares of Southwest Airlines during the second quarter worth about $558,000. Chevy Chase Trust Holdings Inc. boosted its position in shares of Southwest Airlines by 1.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 545,603 shares of the airline’s stock worth $21,393,000 after buying an additional 7,213 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its position in shares of Southwest Airlines by 6.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 165,324 shares of the airline’s stock worth $6,482,000 after buying an additional 9,970 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

Southwest Airlines Company Profile

Southwest Airlines Co (Southwest) operates Southwest Airlines. Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company serves approximately 100 destinations in over 40 states, such as the District of Columbia, the Commonwealth of Puerto Rico, and approximately seven near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, and Belize.

5 Day Chart for NYSE:LUV

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