Equities analysts forecast that Southwest Airlines Co (NYSE:LUV) will announce sales of $6.04 billion for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for Southwest Airlines’ earnings, with estimates ranging from $5.93 billion to $6.27 billion. Southwest Airlines posted sales of $5.74 billion in the same quarter last year, which would indicate a positive year over year growth rate of 5.2%. The company is expected to report its next earnings results on Thursday, July 25th.

On average, analysts expect that Southwest Airlines will report full year sales of $23.14 billion for the current financial year, with estimates ranging from $22.77 billion to $23.35 billion. For the next year, analysts expect that the firm will post sales of $24.91 billion, with estimates ranging from $23.87 billion to $25.59 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Southwest Airlines.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings results on Thursday, April 25th. The airline reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. Southwest Airlines had a return on equity of 23.94% and a net margin of 10.78%. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the prior year, the business posted $0.79 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year.

LUV has been the topic of a number of analyst reports. Vertical Research began coverage on Southwest Airlines in a research report on Monday, February 4th. They issued a “buy” rating on the stock. Macquarie set a $65.00 price objective on Southwest Airlines and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Zacks Investment Research raised Southwest Airlines from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Wednesday, January 23rd. Argus reissued a “buy” rating on shares of Southwest Airlines in a research note on Wednesday, May 1st. Finally, Barclays reduced their price objective on Southwest Airlines from $65.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $58.64.

Several institutional investors and hedge funds have recently modified their holdings of LUV. Legal & General Group Plc lifted its stake in shares of Southwest Airlines by 0.7% during the third quarter. Legal & General Group Plc now owns 923,487 shares of the airline’s stock valued at $57,676,000 after acquiring an additional 5,999 shares during the period. DNB Asset Management AS lifted its stake in shares of Southwest Airlines by 26.6% during the fourth quarter. DNB Asset Management AS now owns 19,830 shares of the airline’s stock valued at $922,000 after acquiring an additional 4,163 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Southwest Airlines by 169.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,446 shares of the airline’s stock valued at $346,000 after acquiring an additional 4,684 shares during the period. Virtu Financial LLC acquired a new position in shares of Southwest Airlines during the fourth quarter valued at $378,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Southwest Airlines during the fourth quarter valued at $305,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:LUV opened at $53.37 on Wednesday. Southwest Airlines has a fifty-two week low of $44.28 and a fifty-two week high of $64.02. The firm has a market capitalization of $28.99 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 1.31 and a beta of 1.49. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 0.28.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.72 dividend on an annualized basis and a yield of 1.35%. This is a positive change from Southwest Airlines’s previous quarterly dividend of $0.16. Southwest Airlines’s payout ratio is currently 15.09%.

Southwest Airlines Company Profile

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, 2018, the company operated a total of 750 Boeing 737 aircraft; and served 99 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, and Turks and Caicos.

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

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