Wall Street brokerages expect Southwest Airlines (NYSE:LUV) to announce earnings per share of $1.38 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Southwest Airlines’ earnings, with the highest EPS estimate coming in at $1.54 and the lowest estimate coming in at $1.29. Southwest Airlines posted earnings per share of $1.24 in the same quarter last year, which indicates a positive year-over-year growth rate of 11.3%. The business is scheduled to issue its next quarterly earnings report on Thursday, July 26th.
According to Zacks, analysts expect that Southwest Airlines will report full-year earnings of $4.60 per share for the current fiscal year, with EPS estimates ranging from $4.35 to $4.90. For the next financial year, analysts expect that the business will post earnings of $5.39 per share, with EPS estimates ranging from $5.09 to $6.05. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Southwest Airlines.
Southwest Airlines (NYSE:LUV) last released its quarterly earnings results on Thursday, April 26th. The airline reported $0.75 EPS for the quarter, topping the consensus estimate of $0.74 by $0.01. Southwest Airlines had a return on equity of 23.25% and a net margin of 16.95%. The business had revenue of $4.94 billion during the quarter, compared to analyst estimates of $5 billion. During the same period last year, the business posted $0.61 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis.
NYSE:LUV traded up $0.03 during midday trading on Thursday, reaching $52.24. The company had a trading volume of 4,330,482 shares, compared to its average volume of 5,226,627. The firm has a market cap of $31,126.13, a PE ratio of 14.93, a price-to-earnings-growth ratio of 0.87 and a beta of 1.16. Southwest Airlines has a 12-month low of $49.76 and a 12-month high of $66.99. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.50.
In related news, Director Douglas H. Brooks sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $60.05, for a total value of $600,500.00. Following the transaction, the director now owns 56,269 shares in the company, valued at approximately $3,378,953.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO De Ven Michael G. Van sold 31,099 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $57.35, for a total value of $1,783,527.65. Following the completion of the transaction, the chief operating officer now owns 172,883 shares in the company, valued at approximately $9,914,840.05. The disclosure for this sale can be found here. Insiders have sold 108,473 shares of company stock worth $6,296,091 in the last quarter. Insiders own 0.23% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Cerebellum GP LLC purchased a new stake in Southwest Airlines in the 4th quarter valued at approximately $127,000. SeaCrest Wealth Management LLC purchased a new stake in Southwest Airlines in the 4th quarter valued at approximately $136,000. Delpha Capital Management LLC purchased a new stake in Southwest Airlines in the 4th quarter valued at approximately $151,000. Steward Partners Investment Advisory LLC boosted its holdings in Southwest Airlines by 580.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,607 shares of the airline’s stock valued at $170,000 after purchasing an additional 2,224 shares in the last quarter. Finally, Banco de Sabadell S.A purchased a new stake in Southwest Airlines in the 4th quarter valued at approximately $178,000. 80.26% of the stock is currently owned by institutional investors.
About Southwest Airlines
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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