Neutral News Coverage Extremely Likely to Affect Southwest Airlines (LUV) Stock Price
News articles about Southwest Airlines (NYSE:LUV) have trended neutral on Thursday, InfoTrie reports. InfoTrie ranks the sentiment of press coverage by analyzing more than 6,000 news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Southwest Airlines earned a daily sentiment score of 0.50 on their scale. InfoTrie also gave media coverage about the airline an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted Southwest Airlines’ analysis:
- Southwest CEO at Denver shareholder meeting says he'd 'love to' fly 737 Max again (finance.yahoo.com)
- Southwest CEO Says He’s ‘Hopeful’ of 737 Max Return This Summer (bloomberg.com)
- Southwest Airlines Returns Value To Shareholders (marketwatch.com)
- Southwest Airlines Raises Dividend by 12.5%, Approves $2B Buyback (benzinga.com)
- Southwest orders up more buybacks (seekingalpha.com)
A number of equities research analysts recently weighed in on LUV shares. Vertical Research started coverage on shares of Southwest Airlines in a research note on Monday, February 4th. They set a “buy” rating for the company. Macquarie set a $65.00 target price on shares of Southwest Airlines and gave the company a “buy” rating in a research note on Tuesday, January 29th. Zacks Investment Research raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Wednesday, January 23rd. Argus reaffirmed a “buy” rating on shares of Southwest Airlines in a research note on Wednesday, May 1st. Finally, Barclays lowered their target price on shares of Southwest Airlines from $65.00 to $60.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. Southwest Airlines currently has a consensus rating of “Hold” and a consensus target price of $58.64.
Southwest Airlines (NYSE:LUV) last released its quarterly earnings results on Thursday, April 25th. The airline reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.09. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.14 billion. Southwest Airlines had a net margin of 10.78% and a return on equity of 23.94%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.79 earnings per share. As a group, equities research analysts predict that Southwest Airlines will post 4.67 EPS for the current fiscal year.
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, 2018, the company operated a total of 750 Boeing 737 aircraft; and served 99 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, and Turks and Caicos.
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