Analysts Anticipate Southwest Airlines (LUV) Will Post Earnings of $1.38 Per Share

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.



A number of research firms recently issued reports on LUV. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 target price (up from $80.00) on shares of Southwest Airlines in a report on Wednesday, January 10th. Stephens reiterated a “buy” rating and issued a $75.00 target price on shares of Southwest Airlines in a report on Thursday, March 29th. Zacks Investment Research lowered Southwest Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. ValuEngine cut Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Morgan Stanley cut their price target on Southwest Airlines from $72.00 to $69.00 and set an “overweight” rating on the stock in a research note on Thursday, April 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $70.45.

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.

Get a free copy of the Zacks research report on Southwest Airlines (LUV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply