Southwest Airlines (NYSE: LUV) is expected to announce its $1.87 per share earnings for this ongoing financial year by the analysts of Wall Street on 27th April. 11 analysts assigned the lowest EPS of $2.25 while the highest being $1.24. The firm had posted $0.15 EPS last year in this quarter, indicating a 1,146.7% annualized growth rate.
On Tuesday, the stocks saw a decline to $59.70 with the market cap being $35.26 billion. The company exchanged 194,460 stock instead of 8,496,704 average volume. Their lowest in 52 weeks is $22.47 while the highest is $60.70. The 50 day rolling average of the stock is $51.14 while 200 days is $44.61.
According to the 27th January report, their quarterly EPS earnings were $1.29, exceeding the $1.68 consensus estimate by almost $0.39. They had a 12.94% net negative margin along with a 22.65% negative equity return. Their revenue was $2.01 billion, missing the $2.11 billion consensus estimate.
Market Undertakings Of LUV Stock
Raymond James lifted their price objective of $54 from $49 and gave a rating of ‘outperform’. Cowen raised it to $55 from $46 and gave a rating of ‘outperform’. BNP Paribas assigned it $55 with the rating of ‘outperform’. Deutsche Bank promoted the rating to ‘buy’ from ‘hold’ and allotted it $64. Citigroup increased it to $50 from $40. The company has an average ‘buy’ recommendation with a $51.24 price objective.
Thomas Nealon, the President, sold off 3,800 LUV shares at $56.45 EPS worth $214,510. Tammy Romo, the Director, sold off 3,296 LUV shares at $58.18 EPS worth $191,761.28. Insiders own 0.28% LUV stock.
Steward Partners Advisory upgraded their holdings on Southwest Airlines by nearly 14.2%, owning $309,000 worth of shares. Comerica Bank raised their stake by roughly 8.5% and own shares priced at $5,038,000. DA Davidson promoted their position by approximately 19.1%, owning $670,000 worth of shares. 74% of LUV stock is owned by institutional investors.
