Q3 2018 EPS Estimates for Southwest Airlines Co (LUV) Raised by Imperial Capital

Southwest Airlines Co (NYSE:LUV) – Equities researchers at Imperial Capital increased their Q3 2018 earnings per share (EPS) estimates for shares of Southwest Airlines in a research note issued to investors on Thursday. Imperial Capital analyst M. Derchin now anticipates that the airline will earn $1.42 per share for the quarter, up from their prior forecast of $1.35. Imperial Capital also issued estimates for Southwest Airlines’ Q4 2018 earnings at $1.34 EPS.

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Southwest Airlines (NYSE:LUV) last posted its earnings results on Thursday, January 25th. The airline reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.01. Southwest Airlines had a net margin of 16.48% and a return on equity of 23.43%. The company had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.25 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year.

A number of other equities research analysts also recently issued reports on LUV. Vetr downgraded shares of Southwest Airlines from a “sell” rating to a “strong sell” rating and set a $54.06 price objective for the company. in a research report on Tuesday, December 5th. JPMorgan Chase & Co. downgraded shares of Southwest Airlines from an “overweight” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research report on Tuesday, January 30th. Zacks Investment Research raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, January 30th. Atlantic Securities raised shares of Southwest Airlines from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $48.71 to $71.00 in a research report on Thursday, December 14th. Finally, Cowen reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Southwest Airlines in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. Southwest Airlines has a consensus rating of “Buy” and a consensus target price of $69.95.

Shares of Southwest Airlines (NYSE LUV) opened at $57.05 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.70 and a quick ratio of 0.64. Southwest Airlines has a fifty-two week low of $49.76 and a fifty-two week high of $66.99. The firm has a market cap of $33,971.81, a PE ratio of 9.79, a P/E/G ratio of 1.45 and a beta of 1.20.

Several institutional investors have recently added to or reduced their stakes in LUV. BB&T Investment Services Inc. boosted 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 worth $110,000 after buying an additional 1,211 shares during the period. Cerebellum GP LLC bought a new position in Southwest Airlines in the 4th quarter worth approximately $127,000. Grove Bank & Trust boosted 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 worth $134,000 after buying an additional 1,880 shares during the period. SeaCrest Wealth Management LLC bought a new position in Southwest Airlines in the 4th quarter worth approximately $136,000. Finally, Delpha Capital Management LLC bought a new position in Southwest Airlines in the 4th quarter worth approximately $151,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Douglas H. Brooks sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $60.05, for a total transaction of $600,500.00. Following the completion of the transaction, the director now directly owns 56,269 shares of the company’s stock, valued at approximately $3,378,953.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Gary C. Kelly sold 38,779 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $57.95, for a total transaction of $2,247,243.05. Following the transaction, the chairman now directly owns 581,029 shares of the company’s stock, valued at $33,670,630.55. The disclosure for this sale can be found here. Insiders have sold a total of 108,473 shares of company stock valued at $6,296,091 over the last three months. Insiders own 0.21% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Tuesday, March 6th. Southwest Airlines’s dividend payout ratio is currently 8.59%.

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About Southwest Airlines

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.

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

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