Southwest Airlines (LUV) Scheduled to Post Earnings on Thursday

Southwest Airlines (NYSE:LUV) will be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect Southwest Airlines to post earnings of ($0.05) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Thursday, January 25th. The airline reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.25. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.75 billion. Southwest Airlines had a return on equity of 9.40% and a net margin of 1.91%. Southwest Airlines’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.38) earnings per share. On average, analysts expect Southwest Airlines to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Southwest Airlines Stock Up 1.2 %

Shares of LUV opened at $29.73 on Tuesday. The stock’s 50-day moving average price is $30.77 and its two-hundred day moving average price is $28.52. Southwest Airlines has a 12 month low of $21.91 and a 12 month high of $39.53. The company has a market capitalization of $17.79 billion, a PE ratio of 39.64, a PEG ratio of 1.04 and a beta of 1.15. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76.

Southwest Airlines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.42%. Southwest Airlines’s dividend payout ratio (DPR) is 96.00%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LUV shares. Susquehanna decreased their target price on shares of Southwest Airlines from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. UBS Group began coverage on shares of Southwest Airlines in a research note on Wednesday, March 20th. They set a “buy” rating and a $36.00 target price for the company. Deutsche Bank Aktiengesellschaft raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and upped their price target for the company from $28.00 to $42.00 in a research report on Tuesday, February 20th. Evercore ISI reissued an “inline” rating and issued a $35.00 price objective on shares of Southwest Airlines in a research report on Tuesday, January 2nd. Finally, Sanford C. Bernstein upgraded Southwest Airlines from an “underperform” rating to a “market perform” rating and upped their target price for the company from $26.00 to $32.00 in a research report on Tuesday, February 20th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Southwest Airlines currently has a consensus rating of “Hold” and an average target price of $31.82.

Southwest Airlines Company Profile

Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; 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.