Southwest Airlines (NYSE:LUV) will announce its earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $1.07 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, July 25th. The airline reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.02. The business had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.94 billion. Southwest Airlines had a return on equity of 24.12% and a net margin of 10.73%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 EPS. On average, analysts expect Southwest Airlines to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of LUV stock opened at $52.92 on Wednesday. The stock has a market cap of $28.75 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 1.40 and a beta of 1.48. The business has a 50-day simple moving average of $53.80 and a 200-day simple moving average of $52.20. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 0.37. Southwest Airlines has a 52-week low of $44.28 and a 52-week high of $58.77.
Several equities analysts have recently issued reports on LUV shares. Stifel Nicolaus cut Southwest Airlines from a “buy” rating to a “hold” rating and decreased their price objective for the company from $75.00 to $60.00 in a report on Monday. Argus cut Southwest Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Berenberg Bank started coverage on Southwest Airlines in a report on Friday, September 6th. They issued a “hold” rating and a $57.00 price objective for the company. Bank of America raised Southwest Airlines to a “buy” rating and set a $65.00 price objective for the company in a report on Monday, September 23rd. Finally, Macquarie raised Southwest Airlines from a “neutral” rating to an “outperform” rating and set a $67.00 price objective for the company in a report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $58.07.
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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