Southwest Airlines - LUV Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Southwest Airlines in the last twelve months. 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 equities research analysts is that investors should "buy" LUV shares.
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15 equities research analysts have issued 12 month target prices for Southwest Airlines' stock. Their LUV share price forecasts range from $36.00 to $72.00. On average, they anticipate the company's stock price to reach $53.06 in the next year. This suggests a possible upside of 70.0% from the stock's current price.
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Southwest Airlines' stock was trading at $42.84 at the beginning of 2022. Since then, LUV shares have decreased by 27.2% and is now trading at $31.20.
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Southwest Airlines saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 10,670,000 shares, an increase of 16.9% from the August 31st total of 9,130,000 shares. Based on an average daily volume of 5,620,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.8% of the shares of the company are short sold.
View Southwest Airlines' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our LUV earnings forecast.

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

Southwest Airlines Co. (NYSE:LUV) announced its quarterly earnings results on Thursday, July, 28th. The airline reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.13. The airline earned $6.73 billion during the quarter, compared to analyst estimates of $6.69 billion. Southwest Airlines had a net margin of 4.71% and a trailing twelve-month return on equity of 5.54%. The firm's revenue was up 67.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.35) EPS.
Read the conference call transcript.

Southwest Airlines updated its third quarter 2022 earnings guidance on Thursday, September, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $6.15 billion-$6.26 billion, compared to the consensus revenue estimate of $6.26 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."

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 $31.20.

Southwest Airlines (NYSE:LUV) has a market capitalization of $18.51 billion and generates $15.79 billion in revenue each year. The airline earns $977 million in net income (profit) each year or $1.57 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.