Southwest Airlines (LUV) to Release Earnings on Thursday

Southwest Airlines (NYSE:LUV) is set to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Thursday, January 25th. The airline reported $0.37 EPS for the quarter, topping the consensus estimate of $0.12 by $0.25. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.75 billion. Southwest Airlines had a return on equity of 9.40% and a net margin of 1.91%. Southwest Airlines’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.38) EPS. On average, analysts expect Southwest Airlines to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Southwest Airlines Price Performance

NYSE LUV opened at $29.73 on Tuesday. The business’s fifty day moving average is $30.77 and its 200 day moving average is $28.52. Southwest Airlines has a fifty-two week low of $21.91 and a fifty-two week high of $39.53. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.07 and a current ratio of 1.14. The company has a market capitalization of $17.79 billion, a PE ratio of 39.64, a price-to-earnings-growth ratio of 1.04 and a beta of 1.15.

Southwest Airlines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.42%. Southwest Airlines’s payout ratio is currently 96.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LUV shares. Raymond James increased their target price on shares of Southwest Airlines from $34.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Sanford C. Bernstein upgraded shares of Southwest Airlines from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $26.00 to $32.00 in a research report on Tuesday, February 20th. Susquehanna lowered their target price on shares of Southwest Airlines from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. StockNews.com cut Southwest Airlines from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Finally, Morgan Stanley dropped their price objective on Southwest Airlines from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, April 5th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $31.82.

Southwest Airlines Company Profile

Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.