Media coverage about Southwest Airlines (NYSE:LUV) has been trending somewhat negative this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Southwest Airlines earned a news impact score of -0.05 on Accern’s scale. Accern also assigned media stories about the airline an impact score of 43.9169756402212 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern’s rankings:
- Icy weather still impacting Houston flights; United, Southwest waive rebooking fees (bizjournals.com)
- Stocks With Rising Relative Strength: Southwest Airlines (finance.yahoo.com)
- Midway Airport bracing for extended lane closures on key access road (finance.yahoo.com)
- Southwest sues startup that monitored airfare changes (finance.yahoo.com)
- Southwest Airlines sues startup over airfare drop alerts (finance.yahoo.com)
LUV has been the subject of several research reports. Zacks Investment Research downgraded shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Stifel Nicolaus restated a “buy” rating and issued a $85.00 price target (up previously from $80.00) on shares of Southwest Airlines in a research note on Wednesday, January 10th. Vetr upgraded shares of Southwest Airlines from a “sell” rating to a “hold” rating and set a $65.81 price target for the company in a research note on Monday, January 1st. ValuEngine downgraded shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Cowen restated an “outperform” rating and issued a $64.00 price target (up previously from $62.00) on shares of Southwest Airlines in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $67.93.
Southwest Airlines (NYSE:LUV) last issued its earnings results on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The firm had revenue of $5.27 billion during the quarter, compared to the consensus estimate of $5.29 billion. Southwest Airlines had a net margin of 10.12% and a return on equity of 24.85%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 earnings per share. equities analysts expect that Southwest Airlines will post 3.5 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 7th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, December 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.76%. Southwest Airlines’s payout ratio is currently 14.33%.
In related news, EVP Robert E. Jordan sold 32,931 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $64.38, for a total transaction of $2,120,097.78. Following the completion of the transaction, the executive vice president now owns 76,993 shares in the company, valued at $4,956,809.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John T. Montford sold 935 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $53.94, for a total transaction of $50,433.90. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at approximately $1,348,500. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,561 shares of company stock valued at $2,277,774. Insiders own 0.21% of the company’s stock.
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Southwest Airlines Company Profile
Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.
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