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NYSE:LUV

Southwest Airlines (LUV) Stock Forecast, Price & News

$30.59
-0.20 (-0.65%)
(As of 06/8/2023 ET)
Compare
Today's Range
$30.41
$30.91
50-Day Range
$28.54
$32.71
52-Week Range
$28.40
$43.34
Volume
4.46 million shs
Average Volume
6.84 million shs
Market Capitalization
$18.20 billion
P/E Ratio
30.59
Dividend Yield
2.35%
Price Target
$44.71

Southwest Airlines MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
46.2% Upside
$44.71 Price Target
Short Interest
Healthy
2.91% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.11
Upright™ Environmental Score
News Sentiment
0.51mentions of Southwest Airlines in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$147,784 Sold Last Quarter
Proj. Earnings Growth
46.56%
From $2.62 to $3.84 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.70 out of 5 stars

Transportation Sector

23rd out of 121 stocks

Air Transportation, Scheduled Industry

4th out of 18 stocks


LUV stock logo

About Southwest Airlines (NYSE:LUV) Stock

Founded in 1971, Southwest Airlines Co. is one of the world's most respected and awarded airlines. The company is known for offering customers great value and excellent service. Currently, Southwest Airlines Co. services 121 airports in 11 countries. The year 2021 marked the company's 51st anniversary, and it continues to work toward democratizing the sky by providing a reliable, low-cost air travel experience. More air travelers flying nonstop in the U.S. fly Southwest Airlines Co. than any other major airline. 

Southwest Airlines operates a large fleet of 771 Boeing 737 aircraft, making it the largest owner and operator of 737s in the world. It has traditionally only flown Boeing 737s, though it has leased other Boeing models for profitability and route testing. Southwest Airlines Co.'s fleet serves 121 destinations in 42 states, the District of Columbia and the Commonwealth of Puerto Rico, as well as in 10 other countries, including Mexico, the Caribbean and Central America.

Southwest Airlines Co. is based in Dallas and is famous for its employee-first corporate culture. The company has maintained an unprecedented record of no involuntary furloughs or layoffs in its 51-year history, providing employees stability and pride in their employer. Southwest Airlines Co. has led the industry with 47 consecutive years of profitability and growth.

Southwest Airlines Co. uses humor in its marketing, with slogans like "Love Is Still Our Field," "The Somebody Else Up There Who Loves You," "Just Plane Smart" and "You're Now Free to Move About the Country." To increase customer loyalty, the company launched a rewards program in 2011 that awards points for flights, hotel stays, car rentals and purchases at partner retailers, which consumers can redeem for free flights.

Southwest Airlines Co. has significantly influenced other low-cost carriers and the aviation industry as a whole. Its competitive strategy is to increase aircraft and employee productivity to reduce turnaround time at the gate. Ryanair and EasyJet have mirrored this rolling hub or point-to-point network strategy. 

Southwest has also had a lot of industry influence through its lobbying efforts, primarily to lobby against the development of high-speed rail systems in favor of providing more point-to-point flights between major cities. However, in recent years, Southwest Airlines Co. has been affected by customer lawsuits, flight delays and cancelations and system disruptions due to not investing in newer technologies.

Southwest Airlines Co. has provided value to its shareholders for many years, having returned more than $12.9 billion through stock repurchases and dividends as of March 2020. However, in the first quarter of 2020, the company had to suspend its dividend payments due to the uncertain market and COVID-19. On December 6, 2022, the board of directors decided to reinstate its quarterly cash dividend at 18 cents per share. This reinstated dividend equaled the expected dividend when it disappeared in 2020.

Southwest Airlines Co. is a leader in the aviation industry, providing great customer service, hospitality, employee stability and value to its shareholders.

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LUV Stock News Headlines

Will Airline Stocks Recover? What is the Outlook? (LUV)
Will airline stock recover from pre-pandemic highs — ever? Learn more about the various airlines and how they’ve handled the recovery in a complex environment.
10 Best Airline Stocks to Buy (LUV)
The airline industry has seen tumultuous times over the past few years, so should you invest? Learn more about the best airline stock to buy on MarketBeat.
From -60% Account to Doubling His Money?
After helping his readers double their money 13 TIMES in the last year alone… There’s ONE person trader Jeff Clark has NOT been able to help! His 23-year-old son, Grant.
Former Southwest Airlines customer-service agent is charged with fraud in voucher-selling scheme
A former Southwest Airlines customer-service agent is being charged with fraud
Is American Airlines a Good Stock to Buy? (LUV)
Is American Airlines a good stock to buy? Here’s an analysis of the nation’s largest airline carrier to help you decide if American Airlines is a buy or sell.
Airline ETFs: What They Are and How to Invest (LUV)
Should you invest in an airline ETF? Do they fit your portfolio? Learn the tips and tricks of investing in airline ETFs with MarketBeat.
Southwest Airlines pilots vote to authorize strike as they push for pay raises in new contract
Southwest Airlines pilots are voting to authorize a strike, but that doesn't necessarily mean that they will walk off the job
How to Buy Southwest Airlines Stock
Should you buy Southwest stock? Learn more about purchasing the low-cost airline and how to invest in Southwest Airlines.
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
US to propose new rules for airline cancellations, delays
The Biden administration is starting work on new regulations that it says will expand the rights of airline passengers
15 Best National Parks in Canada
Southwest Airlines Revises Q2 Outlook
Southwest Airlines forecasts strong full-year profit
SOUTHWEST AIRLINES PROVIDES UPDATED GUIDANCE
See More Headlines

LUV Price History

LUV Company Calendar

Ex-Dividend for 3/29 Dividend
3/07/2023
Dividend Payable
3/29/2023
Last Earnings
4/27/2023
Today
6/08/2023
Ex-Dividend for 7/12 Dividend
6/20/2023
Dividend Payable
7/12/2023
Next Earnings (Confirmed)
7/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Air transportation, scheduled
Sub-Industry
Airlines
CUSIP
84474110
Employees
66,656
Year Founded
1967

Price Target and Rating

Average Stock Price Forecast
$44.71
High Stock Price Forecast
$63.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+46.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
14 Analysts

Profitability

Net Income
$539 million
Pretax Margin
3.62%

Debt

Sales & Book Value

Annual Sales
$23.81 billion
Cash Flow
$3.52 per share
Book Value
$18.00 per share

Miscellaneous

Free Float
593,169,000
Market Cap
$18.20 billion
Optionable
Optionable
Beta
1.14

Social Links


Key Executives

  • Robert E. Jordan
    President, Chief Executive Officer & Director
  • Andrew M. WattersonAndrew M. Watterson
    Chief Operating Officer
  • Tammy RomoTammy Romo
    Chief Financial Officer & Executive Vice President
  • Lauren Woods
    Chief Information Officer & Senior VP-Technology
  • Jim Dayton
    Chief Information Security Officer













LUV Stock - Frequently Asked Questions

Should I buy or sell Southwest Airlines stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Southwest Airlines in the last twelve months. There are currently 8 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" LUV shares.
View LUV analyst ratings
or view top-rated stocks.

What is Southwest Airlines' stock price forecast for 2023?

14 Wall Street analysts have issued 1-year price targets for Southwest Airlines' stock. Their LUV share price forecasts range from $38.00 to $63.00. On average, they predict the company's stock price to reach $44.71 in the next twelve months. This suggests a possible upside of 46.2% from the stock's current price.
View analysts price targets for LUV
or view top-rated stocks among Wall Street analysts.

How have LUV shares performed in 2023?

Southwest Airlines' stock was trading at $33.67 at the beginning of the year. Since then, LUV shares have decreased by 9.1% and is now trading at $30.59.
View the best growth stocks for 2023 here
.

Are investors shorting Southwest Airlines?

Southwest Airlines saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 15,850,000 shares, an increase of 17.2% from the April 15th total of 13,520,000 shares. Based on an average daily volume of 6,840,000 shares, the short-interest ratio is presently 2.3 days.
View Southwest Airlines' Short Interest
.

When is Southwest Airlines' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our LUV earnings forecast
.

How can I listen to Southwest Airlines' earnings call?

Southwest Airlines will be holding an earnings conference call on Thursday, July 27th at 12:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Southwest Airlines' earnings last quarter?

Southwest Airlines Co. (NYSE:LUV) released its quarterly earnings results on Thursday, April, 27th. The airline reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.21) by $0.06. The airline had revenue of $5.70 billion for the quarter, compared to analysts' expectations of $5.73 billion. Southwest Airlines had a net margin of 2.65% and a trailing twelve-month return on equity of 6.99%. The firm's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.32) EPS.
Read the conference call transcript
.

How often does Southwest Airlines pay dividends? What is the dividend yield for Southwest Airlines?

Southwest Airlines declared a quarterly dividend on Wednesday, May 17th. Investors of record on Wednesday, June 21st will be paid a dividend of $0.18 per share on Wednesday, July 12th. This represents a $0.72 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Tuesday, June 20th.
Read our dividend analysis for LUV
.

Is Southwest Airlines a good dividend stock?

Southwest Airlines (NYSE:LUV) pays an annual dividend of $0.72 per share and currently has a dividend yield of 2.37%. The dividend payout ratio is 72.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LUV will have a dividend payout ratio of 18.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LUV.

What guidance has Southwest Airlines issued on next quarter's earnings?

Southwest Airlines updated its first quarter 2023 earnings guidance on Friday, March, 17th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $5.68 billion-$5.77 billion, compared to the consensus revenue estimate of $5.73 billion.

What is Gary C. Kelly's approval rating as Southwest Airlines' CEO?

1,507 employees have rated Southwest Airlines Chief Executive Officer Gary C. Kelly on Glassdoor.com. Gary C. Kelly has an approval rating of 94% among the company's employees. This puts Gary C. Kelly in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Southwest Airlines own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Southwest Airlines investors own include Delta Air Lines (DAL), NVIDIA (NVDA), Walt Disney (DIS), Boeing (BA), Bank of America (BAC), AT&T (T), Tesla (TSLA), Alibaba Group (BABA), Micron Technology (MU) and Netflix (NFLX).

What is Southwest Airlines' stock symbol?

Southwest Airlines trades on the New York Stock Exchange (NYSE) under the ticker symbol "LUV."

Who are Southwest Airlines' major shareholders?

Southwest Airlines' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (3.70%), Geode Capital Management LLC (2.06%), Artisan Partners Limited Partnership (1.85%), Provident Trust Co. (1.13%), U S Global Investors Inc. (1.09%) and Dimensional Fund Advisors LP (0.83%). Insiders that own company stock include Andrew M Watterson, De Ven Michael G Van, Gregory D Wells, John T Montford, Ryan C Green, Tammy Romo, Thomas M Nealon and Thomas W Gilligan.
View institutional ownership trends
.

How do I buy shares of Southwest Airlines?

Shares of LUV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Southwest Airlines' stock price today?

One share of LUV stock can currently be purchased for approximately $30.59.

How much money does Southwest Airlines make?

Southwest Airlines (NYSE:LUV) has a market capitalization of $18.20 billion and generates $23.81 billion in revenue each year. The airline earns $539 million in net income (profit) each year or $1.00 on an earnings per share basis.

How many employees does Southwest Airlines have?

The company employs 66,656 workers across the globe.

Does Southwest Airlines have any subsidiaries?
The following companies are subsidiares of Southwest Airlines: AirTran Airways, AirTran Airways 717 Leasing Corporation, AirTran Airways Inc., AirTran Holdings LLC, Morris Air, Southwest Jet Fuel Co., TranStar Airlines, and Triple Crown Assurance Co..
Read More
How can I contact Southwest Airlines?

Southwest Airlines' mailing address is 2702 LOVE FIELD DRIVE P O BOX 36611, DALLAS TX, 75235. The official website for the company is www.southwest.com. The airline can be reached via phone at (214) 792-4000 or via fax at 214-792-5015.

This page (NYSE:LUV) was last updated on 6/8/2023 by MarketBeat.com Staff

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