Southwest Airlines Co (NYSE:LUV) – Equities research analysts at Imperial Capital cut their Q3 2019 earnings per share estimates for shares of Southwest Airlines in a report released on Wednesday, March 20th, according to Zacks Investment Research. Imperial Capital analyst M. Derchin now anticipates that the airline will earn $1.34 per share for the quarter, down from their prior forecast of $1.39. Imperial Capital has a “In-Line” rating and a $52.00 price target on the stock. Imperial Capital also issued estimates for Southwest Airlines’ Q4 2019 earnings at $1.32 EPS.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, January 24th. The airline reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.11. Southwest Airlines had a return on equity of 24.56% and a net margin of 11.22%. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.68 billion. During the same period in the previous year, the business earned $0.77 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis.
Shares of NYSE LUV traded down $0.84 during trading on Friday, reaching $52.29. The stock had a trading volume of 2,524,621 shares, compared to its average volume of 5,325,014. Southwest Airlines has a one year low of $44.28 and a one year high of $64.02. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $29.04 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 1.83 and a beta of 1.50.
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 dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.64 dividend on an annualized basis and a yield of 1.22%. Southwest Airlines’s dividend payout ratio (DPR) is presently 15.09%.
A number of hedge funds have recently made changes to their positions in the business. Paragon Capital Management LLC acquired a new stake in shares of Southwest Airlines in the first quarter valued at $26,000. Raymond James Trust N.A. lifted its holdings in shares of Southwest Airlines by 2.1% in the first quarter. Raymond James Trust N.A. now owns 10,238 shares of the airline’s stock valued at $532,000 after buying an additional 209 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of Southwest Airlines by 3.7% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 23,045 shares of the airline’s stock valued at $1,196,000 after buying an additional 825 shares during the period. Virtu Financial LLC lifted its holdings in shares of Southwest Airlines by 13.7% in the first quarter. Virtu Financial LLC now owns 9,238 shares of the airline’s stock valued at $480,000 after buying an additional 1,111 shares during the period. Finally, Northwest Wealth Management LLC lifted its holdings in shares of Southwest Airlines by 36.5% in the first quarter. Northwest Wealth Management LLC now owns 2,620 shares of the airline’s stock valued at $136,000 after buying an additional 700 shares during the period. Institutional investors own 80.30% of the company’s stock.
About Southwest Airlines
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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