Q4 2024 Earnings Estimate for Southwest Airlines Co. (NYSE:LUV) Issued By Seaport Res Ptn

Southwest Airlines Co. (NYSE:LUV) – Seaport Res Ptn raised their Q4 2024 earnings per share estimates for Southwest Airlines in a research note issued on Friday, April 26th. Seaport Res Ptn analyst D. Mckenzie now expects that the airline will post earnings per share of $0.85 for the quarter, up from their prior estimate of $0.70. The consensus estimate for Southwest Airlines’ current full-year earnings is $1.45 per share.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, April 25th. The airline reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.02). The firm had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.42 billion. Southwest Airlines had a return on equity of 8.91% and a net margin of 1.59%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.27) earnings per share.

A number of other equities analysts also recently commented on LUV. Sanford C. Bernstein upgraded Southwest Airlines from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $26.00 to $32.00 in a research note on Tuesday, February 20th. Jefferies Financial Group raised Southwest Airlines from an “underperform” rating to a “hold” rating and lifted their price target for the company from $20.00 to $28.00 in a report on Wednesday, March 13th. Evercore ISI reaffirmed an “inline” rating and set a $35.00 price target on shares of Southwest Airlines in a report on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft raised Southwest Airlines from a “hold” rating to a “buy” rating and lifted their price target for the company from $28.00 to $42.00 in a report on Tuesday, February 20th. Finally, Susquehanna dropped their target price on Southwest Airlines from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.18.

Southwest Airlines Stock Down 0.8 %

NYSE:LUV opened at $27.03 on Monday. The company has a market capitalization of $16.17 billion, a price-to-earnings ratio of 42.90, a price-to-earnings-growth ratio of 0.96 and a beta of 1.15. Southwest Airlines has a one year low of $21.91 and a one year high of $39.53. The stock has a 50-day simple moving average of $30.34 and a 200 day simple moving average of $28.56. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.09.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Capital World Investors raised its stake in Southwest Airlines by 21.4% during the 4th quarter. Capital World Investors now owns 53,475,988 shares of the airline’s stock valued at $1,544,387,000 after purchasing an additional 9,444,279 shares during the period. Fort Washington Investment Advisors Inc. OH raised its stake in Southwest Airlines by 106.5% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 2,556,536 shares of the airline’s stock valued at $69,205,000 after purchasing an additional 1,318,361 shares during the period. U S Global Investors Inc. raised its stake in Southwest Airlines by 24.9% during the 4th quarter. U S Global Investors Inc. now owns 6,210,347 shares of the airline’s stock valued at $179,355,000 after purchasing an additional 1,238,468 shares during the period. Norges Bank acquired a new stake in Southwest Airlines during the 4th quarter valued at $29,789,000. Finally, Nuance Investments LLC acquired a new stake in Southwest Airlines during the 4th quarter valued at $24,404,000. Institutional investors and hedge funds own 80.82% of the company’s stock.

Southwest Airlines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a $0.18 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.72 annualized dividend and a yield of 2.66%. Southwest Airlines’s dividend payout ratio (DPR) is 114.29%.

About Southwest Airlines

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.