Analysts predict that Southwest Airlines Co (NYSE:LUV) will report earnings of $0.76 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Southwest Airlines’ earnings. The highest EPS estimate is $0.86 and the lowest is $0.72. Southwest Airlines reported earnings per share of $0.74 in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.7%. The company is expected to issue 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 financial year, analysts anticipate that the firm will report earnings of $4.80 per share, with EPS estimates ranging from $4.26 to $5.17. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Southwest Airlines.

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

Several research analysts have weighed in on the company. ValuEngine lowered Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Vetr raised Southwest Airlines from a “strong sell” rating to a “sell” rating and set a $60.23 price target on the stock in a research report on Tuesday, December 26th. Bank of America lowered Southwest Airlines from a “buy” rating to a “neutral” rating and set a $73.00 price target on the stock. in a research report on Tuesday, January 9th. Cowen reissued a “buy” rating and set a $67.00 target price on shares of Southwest Airlines in a report on Tuesday, January 9th. Finally, Atlantic Securities raised Southwest Airlines from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $48.71 to $71.00 in a report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $67.93.

In other Southwest Airlines news, Director John T. Montford sold 1,695 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $63.27, for a total value of $107,242.65. Following the transaction, the director now directly owns 23,098 shares of the company’s stock, valued at approximately $1,461,410.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert E. Jordan sold 32,931 shares of the company’s stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 76,993 shares in the company, valued at $4,956,809.34. 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 three months. 0.21% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. BB&T Investment Services Inc. grew its holdings in Southwest Airlines by 325.5% in the 3rd quarter. BB&T Investment Services Inc. now owns 1,583 shares of the airline’s stock valued at $110,000 after buying an additional 1,211 shares in the last quarter. Grove Bank & Trust grew its holdings in Southwest Airlines by 365.0% in the 3rd quarter. Grove Bank & Trust now owns 2,395 shares of the airline’s stock valued at $134,000 after buying an additional 1,880 shares in the last quarter. Harfst & Associates Inc. grew its holdings in Southwest Airlines by 43.8% in the 2nd quarter. Harfst & Associates Inc. now owns 2,402 shares of the airline’s stock valued at $149,000 after buying an additional 732 shares in the last quarter. Asset Dedication LLC acquired a new position in Southwest Airlines in the 4th quarter valued at $191,000. Finally, Cottage Street Advisors LLC acquired a new position in Southwest Airlines in the 4th quarter valued at $208,000. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Southwest Airlines (NYSE:LUV) traded down $0.01 during trading hours on Friday, hitting $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 firm has a market cap of $38,600.00, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 1.37 and a beta of 1.35. Southwest Airlines has a 52-week low of $48.71 and a 52-week high of $66.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.61 and a quick ratio of 0.55.

The firm also recently announced 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. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Wednesday, December 6th. Southwest Airlines’s payout ratio is presently 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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Earnings History and Estimates for Southwest Airlines (NYSE:LUV)

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