Southwest Airlines (LUV) Expected to Announce Earnings on Thursday

Southwest Airlines (NYSE:LUV - Get Free Report) will likely be announcing its Q4 2024 earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.45 per share and revenue of $6.95 billion for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Southwest Airlines (NYSE:LUV - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The airline reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.11. Southwest Airlines had a positive return on equity of 4.56% and a negative net margin of 0.06%. 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 Trading Down 1.9 %

NYSE LUV traded down $0.58 during trading hours on Friday, hitting $30.68. 11,275,059 shares of the company's stock were exchanged, compared to its average volume of 8,541,403. The business's 50 day moving average is $33.00 and its 200-day moving average is $30.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.83 and a current ratio of 0.88. Southwest Airlines has a 12-month low of $23.58 and a 12-month high of $36.12. The firm has a market capitalization of $18.40 billion, a P/E ratio of -438.26, a price-to-earnings-growth ratio of 3.35 and a beta of 1.14.

Southwest Airlines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, December 26th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.72 annualized dividend and a dividend yield of 2.35%. Southwest Airlines's payout ratio is currently -1,028.57%.

Analyst Ratings Changes

Several brokerages recently commented on LUV. Citigroup reaffirmed a "sell" rating and set a $29.50 price target (down previously from $31.50) on shares of Southwest Airlines in a research report on Thursday, January 16th. The Goldman Sachs Group restated a "sell" rating and set a $28.00 price objective on shares of Southwest Airlines in a report on Friday, November 15th. Sanford C. Bernstein lifted their target price on Southwest Airlines from $30.00 to $33.00 and gave the company a "market perform" rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. raised their price objective on Southwest Airlines from $20.00 to $26.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Finally, Barclays boosted their target price on Southwest Airlines from $32.00 to $35.00 and gave the stock an "equal weight" rating in a report on Friday, December 6th. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Southwest Airlines presently has an average rating of "Hold" and a consensus price target of $32.31.

Insiders Place Their Bets

In other Southwest Airlines news, insider Linda B. Rutherford sold 3,849 shares of Southwest Airlines stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $34.40, for a total transaction of $132,405.60. Following the sale, the insider now directly owns 89,376 shares in the company, valued at $3,074,534.40. The trade was a 4.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is currently owned by company insiders.

About Southwest Airlines

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.