Imperial Capital reiterated their in-line rating on shares of Southwest Airlines (NYSE:LUV) in a report issued on Tuesday, Marketbeat Ratings reports. They currently have a $62.00 price target on the airline’s stock, up from their previous price target of $56.00. Imperial Capital also issued estimates for Southwest Airlines’ Q4 2018 earnings at $1.13 EPS, FY2018 earnings at $4.20 EPS, Q1 2019 earnings at $0.84 EPS, Q2 2019 earnings at $1.62 EPS, Q3 2019 earnings at $1.31 EPS, Q4 2019 earnings at $1.19 EPS, FY2019 earnings at $4.95 EPS and FY2020 earnings at $5.60 EPS.

A number of other analysts have also recently commented on LUV. Zacks Investment Research cut shares of Southwest Airlines from a buy rating to a hold rating in a report on Thursday, October 11th. Citigroup increased their price objective on shares of Southwest Airlines from $59.00 to $62.00 and gave the stock a buy rating in a research note on Thursday, November 29th. Morgan Stanley reduced their price objective on shares of Southwest Airlines from $68.00 to $64.00 and set an overweight rating for the company in a research note on Wednesday, November 14th. Susquehanna Bancshares started coverage on shares of Southwest Airlines in a research note on Wednesday, November 28th. They issued a neutral rating and a $56.00 price objective for the company. Finally, Wolfe Research cut shares of Southwest Airlines from an outperform rating to a peer perform rating in a research note on Friday, August 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Southwest Airlines currently has an average rating of Buy and an average target price of $65.38.

Shares of LUV stock opened at $53.60 on Tuesday. Southwest Airlines has a 12 month low of $47.10 and a 12 month high of $66.99. The company has a market cap of $29.69 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 1.14 and a beta of 1.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.65.

Southwest Airlines (NYSE:LUV) last announced its earnings results on Thursday, October 25th. The airline reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.02. Southwest Airlines had a net margin of 17.18% and a return on equity of 22.27%. The business had revenue of $5.58 billion during the quarter, compared to analysts’ expectations of $5.56 billion. During the same period in the prior year, the company earned $0.88 earnings per share. As a group, research analysts predict that Southwest Airlines will post 4.16 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 5th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.64 annualized dividend and a yield of 1.19%. Southwest Airlines’s payout ratio is 18.29%.

In related news, Director John T. Montford sold 956 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $52.35, for a total transaction of $50,046.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.23% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Daiwa Securities Group Inc. increased its stake in shares of Southwest Airlines by 57.4% during the second quarter. Daiwa Securities Group Inc. now owns 20,846 shares of the airline’s stock worth $1,061,000 after buying an additional 7,600 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Southwest Airlines by 6.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 70,551 shares of the airline’s stock valued at $3,590,000 after acquiring an additional 4,028 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Southwest Airlines by 28.4% in the second quarter. Commonwealth Equity Services LLC now owns 151,623 shares of the airline’s stock valued at $7,715,000 after acquiring an additional 33,517 shares during the period. CWM LLC acquired a new stake in Southwest Airlines in the second quarter valued at $109,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Southwest Airlines by 5.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 477,379 shares of the airline’s stock worth $24,289,000 after buying an additional 25,915 shares during the last quarter. 79.44% of the stock is owned by institutional investors.

Southwest Airlines Company Profile

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, 2017, the company operated a total of 706 Boeing 737 aircraft; and served 100 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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Analyst Recommendations for Southwest Airlines (NYSE:LUV)

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