Q4 2024 Earnings Estimate for Southwest Airlines Co. Issued By Zacks Research (NYSE:LUV)

Southwest Airlines Co. (NYSE:LUVFree Report) – Stock analysts at Zacks Research reduced their Q4 2024 earnings estimates for Southwest Airlines in a research note issued to investors on Thursday, February 8th. Zacks Research analyst S. Goswami now expects that the airline will earn $0.35 per share for the quarter, down from their prior estimate of $0.45. The consensus estimate for Southwest Airlines’ current full-year earnings is $1.83 per share. Zacks Research also issued estimates for Southwest Airlines’ Q1 2025 earnings at $0.03 EPS, Q4 2025 earnings at $0.76 EPS and FY2026 earnings at $2.65 EPS.

Southwest Airlines (NYSE:LUVGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The airline reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.25. Southwest Airlines had a net margin of 1.91% and a return on equity of 9.40%. The business had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.75 billion. During the same quarter in the previous year, the company earned ($0.38) EPS. The business’s quarterly revenue was up 10.5% compared to the same quarter last year.

Several other equities analysts have also recently issued reports on the stock. Melius cut shares of Southwest Airlines from a “neutral” rating to an “underweight” rating in a research report on Monday, November 13th. TD Cowen increased their target price on Southwest Airlines from $20.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday, January 26th. Evercore ISI restated an “inline” rating and set a $35.00 price target on shares of Southwest Airlines in a research report on Tuesday, January 2nd. Morgan Stanley decreased their price objective on Southwest Airlines from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, October 31st. Finally, Barclays boosted their target price on shares of Southwest Airlines from $27.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.69.

Check Out Our Latest Research Report on LUV

Southwest Airlines Price Performance

LUV opened at $32.79 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.14 and a quick ratio of 1.07. Southwest Airlines has a 1 year low of $21.91 and a 1 year high of $39.53. The stock’s 50 day simple moving average is $29.61 and its 200 day simple moving average is $28.46. The firm has a market cap of $19.56 billion, a price-to-earnings ratio of 43.72, a PEG ratio of 0.97 and a beta of 1.14.

Institutional Investors Weigh In On Southwest Airlines

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Southwest Airlines by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 63,028,745 shares of the airline’s stock valued at $2,886,717,000 after buying an additional 1,213,767 shares during the period. Price T Rowe Associates Inc. MD grew its position in Southwest Airlines by 39.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 21,991,802 shares of the airline’s stock worth $715,615,000 after acquiring an additional 6,244,136 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in Southwest Airlines by 7.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 18,213,320 shares of the airline’s stock worth $613,243,000 after acquiring an additional 1,269,782 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stake in Southwest Airlines by 91,675.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 15,296,139 shares of the airline’s stock worth $515,021,000 after acquiring an additional 15,279,472 shares during the last quarter. Finally, Capital World Investors raised its position in Southwest Airlines by 356.1% in the second quarter. Capital World Investors now owns 15,168,998 shares of the airline’s stock valued at $549,269,000 after purchasing an additional 11,843,216 shares during the period. Institutional investors and hedge funds own 78.22% of the company’s stock.

Southwest Airlines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Tuesday, March 5th. Southwest Airlines’s payout ratio is 96.00%.

Southwest Airlines Company Profile

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Southwest Airlines Co operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2022, the company operated a total fleet of 770 Boeing 737 aircrafts; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

See Also

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

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