$5.22 Billion in Sales Expected for Southwest Airlines Company (LUV) This Quarter

Wall Street brokerages predict that Southwest Airlines Company (NYSE:LUV) will announce sales of $5.22 billion for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Southwest Airlines’ earnings, with estimates ranging from $5.21 billion to $5.23 billion. Southwest Airlines posted sales of $5.08 billion in the same quarter last year, which suggests a positive year over year growth rate of 2.8%. The business is expected to announce its next earnings results on Thursday, January 25th.

According to Zacks, analysts expect that Southwest Airlines will report full year sales of $5.22 billion for the current fiscal year, with estimates ranging from $21.10 billion to $21.13 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $22.56 billion per share, with estimates ranging from $22.32 billion to $22.86 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Southwest Airlines.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. Southwest Airlines had a return on equity of 24.85% and a net margin of 10.12%. The company had revenue of $5.27 billion during the quarter, compared to analysts’ expectations of $5.29 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year.

Several equities analysts have recently issued reports on LUV shares. Zacks Investment Research raised Southwest Airlines from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Vetr cut Southwest Airlines from a “strong-buy” rating to a “buy” rating and set a $59.16 price objective for the company. in a report on Friday, September 22nd. Deutsche Bank reissued a “buy” rating and issued a $71.00 price objective on shares of Southwest Airlines in a report on Friday, October 27th. Cowen reissued an “outperform” rating and issued a $64.00 price objective (up previously from $62.00) on shares of Southwest Airlines in a report on Friday, October 27th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $80.00 price objective on shares of Southwest Airlines in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $66.89.

Shares of Southwest Airlines (NYSE:LUV) opened at $66.09 on Thursday. Southwest Airlines has a 52-week low of $48.71 and a 52-week high of $66.47. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.61. The company has a market capitalization of $39,116.11, a PE ratio of 19.00, a price-to-earnings-growth ratio of 2.18 and a beta of 1.34.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 7th will be given a $0.125 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.76%. Southwest Airlines’s dividend payout ratio (DPR) is presently 14.37%.

In related news, EVP Robert E. Jordan sold 32,931 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $64.38, for a total value of $2,120,097.78. Following the transaction, the executive vice president now directly owns 76,993 shares in the company, valued at $4,956,809.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John T. Montford sold 1,695 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $63.27, for a total value of $107,242.65. Following the completion of the transaction, the director now owns 23,098 shares in the company, valued at $1,461,410.46. The disclosure for this sale can be found here. Insiders sold 35,593 shares of company stock valued at $2,279,660 over the last 90 days. Company insiders own 0.21% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BDO Wealth Advisors LLC acquired a new position in Southwest Airlines during the second quarter worth $102,000. BB&T Investment Services Inc. raised its stake in shares of Southwest Airlines by 325.5% in the third quarter. BB&T Investment Services Inc. now owns 1,583 shares of the airline’s stock valued at $110,000 after acquiring an additional 1,211 shares in the last quarter. Pittenger & Anderson Inc. raised its stake in shares of Southwest Airlines by 13.5% in the second quarter. Pittenger & Anderson Inc. now owns 2,100 shares of the airline’s stock valued at $130,000 after acquiring an additional 250 shares in the last quarter. Grove Bank & Trust raised its stake in shares of Southwest Airlines by 365.0% in the third quarter. Grove Bank & Trust now owns 2,395 shares of the airline’s stock valued at $134,000 after acquiring an additional 1,880 shares in the last quarter. Finally, Harfst & Associates Inc. raised its stake in shares of Southwest Airlines by 43.8% in the second quarter. Harfst & Associates Inc. now owns 2,402 shares of the airline’s stock valued at $149,000 after acquiring an additional 732 shares in the last quarter. Hedge funds and other institutional investors own 78.57% of the company’s stock.

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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.

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

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