Southwest Airlines - LUV Stock Forecast, Price & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Southwest Airlines in the last year. There are currently 1 sell rating, 5 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" LUV shares.
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15 brokers have issued 12 month target prices for Southwest Airlines' shares. Their LUV share price forecasts range from $36.00 to $72.00. On average, they anticipate the company's stock price to reach $50.24 in the next year. This suggests a possible upside of 32.9% from the stock's current price.
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Southwest Airlines' stock was trading at $42.84 at the beginning of the year. Since then, LUV shares have decreased by 11.7% and is now trading at $37.81.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
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Southwest Airlines Co. (NYSE:LUV) posted its quarterly earnings results on Thursday, October, 27th. The airline reported $0.50 EPS for the quarter, beating the consensus estimate of $0.41 by $0.09. The airline had revenue of $6.20 billion for the quarter, compared to analysts' expectations of $6.22 billion. Southwest Airlines had a net margin of 3.64% and a trailing twelve-month return on equity of 9.66%. The firm's quarterly revenue was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.23) earnings per share.
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Southwest Airlines issued an update on its fourth quarter 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $6.47 billion-$6.70 billion, compared to the consensus revenue estimate of $6.23 billion.

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.

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).

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

Southwest Airlines' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.92%), Primecap Management Co. CA (8.88%), Price T Rowe Associates Inc. MD (2.99%), Artisan Partners Limited Partnership (1.95%), U S Global Investors Inc. (1.01%) and Dimensional Fund Advisors LP (0.76%). Insiders that own company stock include Andrew M Watterson, Berkshire Hathaway Inc, De Ven Michael G Van, Gregory D Wells, John T Montford, Tammy Romo, Thomas M Nealon and Thomas W Gilligan.
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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.
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One share of LUV stock can currently be purchased for approximately $37.81.

Southwest Airlines (NYSE:LUV) has a market capitalization of $22.45 billion and generates $15.79 billion in revenue each year. The airline earns $977 million in net income (profit) each year or $1.28 on an earnings per share basis.

The company employs 55,100 workers across the globe.

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.