Headlines about Southwest Airlines (NYSE:LUV) have been trending somewhat positive on Saturday, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Southwest Airlines earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the airline an impact score of 46.2022678088154 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern’s analysis:
- See what the IHS Markit Score report has to say about Southwest Airlines Co. (finance.yahoo.com)
- Southwest Airlines Company (NYSE:LUV) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- Janney Montgomery Scott LLC Sells 1088 Shares of Southwest Airlines Company (LUV) (fishinghd.com)
- Analyst Upside Underscores Impressive Growth for Southwest Airlines Co. (NYSE:LUV) (wisdomsave.com)
- Southwest Airlines Company (LUV) Stake Boosted by OLD National Bancorp IN (newstrendstoday.com)
A number of brokerages recently issued reports on LUV. Zacks Investment Research upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Tuesday, June 13th. BidaskClub lowered shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Vetr upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $63.80 target price on the stock in a research report on Monday, June 5th. Argus raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and increased their price target for the stock from $61.76 to $68.00 in a research note on Thursday, June 22nd. Finally, Cowen and Company increased their price target on shares of Southwest Airlines from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Southwest Airlines has a consensus rating of “Buy” and an average price target of $65.78.
Southwest Airlines (NYSE:LUV) opened at 54.14 on Friday. The firm has a market capitalization of $32.41 billion, a price-to-earnings ratio of 16.60 and a beta of 1.26. The stock has a 50 day moving average of $59.56 and a 200 day moving average of $57.18. Southwest Airlines has a 12-month low of $36.05 and a 12-month high of $64.39.
Southwest Airlines (NYSE:LUV) last announced its quarterly earnings results on Thursday, July 27th. The airline reported $1.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.04. The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.73 billion. Southwest Airlines had a net margin of 9.63% and a return on equity of 26.07%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 EPS. Equities research analysts anticipate that Southwest Airlines will post $3.80 earnings per share for the current year.
Southwest Airlines announced that its Board of Directors has initiated a stock buyback plan on Wednesday, May 17th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the airline to reacquire up to 5.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Tuesday, August 22nd. Southwest Airlines’s dividend payout ratio (DPR) is presently 15.34%.
In other news, Chairman Gary C. Kelly sold 51,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $57.06, for a total value of $2,910,060.00. Following the sale, the chairman now owns 556,808 shares of the company’s stock, valued at approximately $31,771,464.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO De Ven Michael G. Van sold 15,273 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $57.14, for a total transaction of $872,699.22. Following the completion of the sale, the chief operating officer now directly owns 182,302 shares in the company, valued at approximately $10,416,736.28. The disclosure for this sale can be found here. Insiders sold a total of 118,740 shares of company stock worth $6,923,568 in the last three months. Insiders own 0.21% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Somewhat Positive News Coverage Somewhat Unlikely to Affect Southwest Airlines (LUV) Stock Price” was originally posted by Community Financial News and is owned by of Community Financial News. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.com-unik.info/2017/08/12/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-southwest-airlines-luv-stock-price-updated-updated.html.
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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