Southwest Airlines (LUV) to Post Quarterly Earnings on Wednesday

Key Points

• Southwest Airlines is expected to report Q2 2026 earnings after the market closes on Wednesday, July 22, with analysts looking for $0.52 per share on $8.584 billion in revenue. The company guided for EPS of 0.35 to 0.65.
• In the prior quarter, Southwest matched expectations with $0.45 EPS, but revenue came in below estimates at $7.25 billion versus the expected $8.46 billion. Revenue still rose 12.8% year over year from the same period last year.
• Analyst sentiment remains mixed: the stock has a consensus rating of Hold with an average price target of $49.58. Southwest also recently paid a $0.18 quarterly dividend, implying a 1.5% yield.

Southwest Airlines (NYSE:LUV - Get Free Report) will likely be posting its Q2 2026 results after the market closes on Wednesday, July 22nd. Analysts expect the company to post earnings of $0.52 per share and revenue of $8.5840 billion for the quarter. Southwest Airlines has set its Q2 2026 guidance at 0.350-0.650 EPS. Parties may review the information on the company's upcoming Q2 2026 earning report for the latest details on the call scheduled for Thursday, July 23, 2026 at 10:00 AM ET.

Southwest Airlines (NYSE:LUV - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The airline reported $0.45 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.45. Southwest Airlines had a net margin of 2.83% and a return on equity of 10.66%. The company had revenue of $7.25 billion during the quarter, compared to analyst estimates of $8.46 billion. During the same quarter last year, the business posted ($0.13) EPS. The company's revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts expect Southwest Airlines to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Southwest Airlines Trading Down 0.9%

Southwest Airlines stock opened at $47.49 on Wednesday. Southwest Airlines has a 12 month low of $28.98 and a 12 month high of $55.11. The company has a quick ratio of 0.41, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. The stock has a market cap of $23.21 billion, a P/E ratio of 30.64, a P/E/G ratio of 0.46 and a beta of 1.12. The company's fifty day simple moving average is $44.81 and its 200-day simple moving average is $43.96.

Southwest Airlines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.5%. Southwest Airlines's dividend payout ratio (DPR) is 46.45%.

Analysts Set New Price Targets

Several brokerages recently commented on LUV. The Goldman Sachs Group boosted their price target on Southwest Airlines from $30.00 to $35.00 and gave the company a "sell" rating in a research note on Thursday, July 2nd. Zacks Research raised shares of Southwest Airlines from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 25th. Raymond James Financial lifted their target price on shares of Southwest Airlines from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Monday, July 6th. Argus reduced their target price on shares of Southwest Airlines from $55.00 to $45.00 and set a "buy" rating for the company in a research note on Friday, April 24th. Finally, Wall Street Zen raised shares of Southwest Airlines from a "hold" rating to a "buy" rating in a research report on Sunday, July 5th. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $49.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its position in Southwest Airlines by 7.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,063 shares of the airline's stock worth $127,000 after purchasing an additional 213 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Southwest Airlines by 1.4% during the second quarter. Benjamin Edwards Inc. now owns 24,857 shares of the airline's stock valued at $806,000 after purchasing an additional 333 shares during the last quarter. Zacks Investment Management grew its stake in shares of Southwest Airlines by 0.4% in the 3rd quarter. Zacks Investment Management now owns 83,070 shares of the airline's stock worth $2,651,000 after buying an additional 348 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Southwest Airlines by 30.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,852 shares of the airline's stock worth $76,000 after buying an additional 428 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Southwest Airlines by 3.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 15,562 shares of the airline's stock worth $497,000 after buying an additional 462 shares during the last quarter. 80.82% of the stock is currently owned by institutional investors and hedge funds.

Southwest Airlines Company Profile

Southwest Airlines Co is a U.S.-based low-cost carrier that operates a point-to-point domestic and near-international airline network. Headquartered in Dallas, Texas, the company primarily flies Boeing 737 aircraft and offers no-frills, single-class service designed to keep fares competitive. Southwest's operating model emphasizes high aircraft utilization, quick turnaround times and an open seating policy, allowing customers to board and select seats on a first-come, first-served basis.

Founded in 1967 by Herb Kelleher and Rollin King as Air Southwest Company, Southwest began commercial service in 1971, initially connecting Dallas, Houston and San Antonio.

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