$6.02 Billion in Sales Expected for Southwest Airlines Co (NYSE:LUV) This Quarter

Brokerages expect Southwest Airlines Co (NYSE:LUV) to report $6.02 billion in sales for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for Southwest Airlines’ earnings, with the lowest sales estimate coming in at $5.93 billion and the highest estimate coming in at $6.27 billion. Southwest Airlines posted sales of $5.74 billion in the same quarter last year, which suggests a positive year over year growth rate of 4.9%. The business is scheduled to report its next earnings report on Thursday, July 25th.

On average, analysts expect that Southwest Airlines will report full year sales of $23.13 billion for the current fiscal year, with estimates ranging from $22.77 billion to $23.31 billion. For the next fiscal year, analysts expect that the business will post sales of $24.92 billion, with estimates ranging from $23.87 billion to $25.59 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Southwest Airlines.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, April 25th. The airline reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.09. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.14 billion. Southwest Airlines had a net margin of 10.78% and a return on equity of 23.94%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 EPS.

A number of research analysts have commented on LUV shares. Macquarie downgraded shares of Southwest Airlines from an “outperform” rating to a “neutral” rating in a research report on Friday, February 22nd. Goldman Sachs Group raised their target price on shares of Southwest Airlines to $49.00 and gave the company a “sell” rating in a research report on Wednesday, March 20th. Imperial Capital reissued an “in-line” rating and set a $58.00 target price (down previously from $60.00) on shares of Southwest Airlines in a research report on Thursday, February 21st. ValuEngine downgraded shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. Finally, Barclays cut their target price on shares of Southwest Airlines from $65.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Southwest Airlines presently has an average rating of “Hold” and an average price target of $58.15.

Large investors have recently added to or reduced their stakes in the company. Cypress Capital Group boosted its holdings in shares of Southwest Airlines by 2.4% in the 4th quarter. Cypress Capital Group now owns 11,471 shares of the airline’s stock valued at $533,000 after buying an additional 273 shares in the last quarter. Cahill Financial Advisors Inc. boosted its holdings in shares of Southwest Airlines by 42.7% in the 4th quarter. Cahill Financial Advisors Inc. now owns 11,021 shares of the airline’s stock valued at $513,000 after buying an additional 3,300 shares in the last quarter. Enterprise Financial Services Corp boosted its holdings in shares of Southwest Airlines by 1,620.1% in the 1st quarter. Enterprise Financial Services Corp now owns 6,846 shares of the airline’s stock valued at $355,000 after buying an additional 6,448 shares in the last quarter. Mackay Shields LLC boosted its holdings in shares of Southwest Airlines by 15.6% in the 4th quarter. Mackay Shields LLC now owns 127,050 shares of the airline’s stock valued at $5,905,000 after buying an additional 17,191 shares in the last quarter. Finally, Strs Ohio boosted its holdings in shares of Southwest Airlines by 1.2% in the 1st quarter. Strs Ohio now owns 331,693 shares of the airline’s stock valued at $17,218,000 after buying an additional 4,019 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

NYSE LUV opened at $50.81 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 0.28. The stock has a market cap of $27.32 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 1.15 and a beta of 1.50. Southwest Airlines has a one year low of $44.28 and a one year high of $64.02.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th will be issued a $0.18 dividend. This is a boost from Southwest Airlines’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Tuesday, June 4th. Southwest Airlines’s dividend payout ratio (DPR) is currently 16.98%.

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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Earnings History and Estimates for Southwest Airlines (NYSE:LUV)

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