Southwest Airlines (LUV) Earning Somewhat Favorable Press Coverage, Study Finds
Media stories about Southwest Airlines (NYSE:LUV) have trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Southwest Airlines earned a news impact score of 0.04 on Accern’s scale. Accern also assigned news articles about the airline an impact score of 47.9553009827524 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- United Airlines wins on-time battle among Denver’s 3 largest carriers (finance.yahoo.com)
- Southwest passenger caught smoking threatens to ‘kill everybody on this plane’ – Dallas Business Journal (bizjournals.com)
- Do What Institutional Investors Does: Southwest Airlines Co. (LUV), Conagra Brands, Inc. (CAG) – Market Movers (financialqz.com)
- Airlines are poised to win from corporate tax cuts, but big Boeing customers could pay more (finance.yahoo.com)
Southwest Airlines (NYSE:LUV) traded down $0.01 during trading hours on Tuesday, hitting $63.32. The stock had a trading volume of 4,372,000 shares, compared to its average volume of 5,231,218. The stock has a market capitalization of $37,579.23, a price-to-earnings ratio of 18.25, a PEG ratio of 2.10 and a beta of 1.34. Southwest Airlines has a 52-week low of $48.71 and a 52-week high of $64.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.61.
Southwest Airlines (NYSE:LUV) last announced its quarterly 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. Southwest Airlines had a return on equity of 24.85% and a net margin of 10.12%. The company had revenue of $5.27 billion during the quarter, compared to analyst estimates of $5.29 billion. During the same quarter last year, the firm posted $0.93 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. equities research analysts forecast that Southwest Airlines will post 3.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Thursday, December 7th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, December 6th. Southwest Airlines’s payout ratio is 14.37%.
Several equities research analysts have recently weighed in on LUV shares. Citigroup reiterated a “buy” rating and set a $64.00 price target (down from $65.00) on shares of Southwest Airlines in a research report on Thursday, September 7th. J P Morgan Chase & Co upped their price objective on shares of Southwest Airlines from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Morgan Stanley restated an “overweight” rating on shares of Southwest Airlines in a research report on Tuesday, September 12th. Finally, Cowen restated a “buy” rating and issued a $67.00 price objective on shares of Southwest Airlines in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Southwest Airlines presently has an average rating of “Buy” and an average target price of $66.89.
In related news, Director John T. Montford sold 935 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $53.94, for a total value of $50,433.90. Following the completion of the sale, the director now owns 25,000 shares of the company’s stock, valued at $1,348,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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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