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Southwest Airlines - LUV Stock Forecast, Price & News

$30.27
+0.64 (+2.16%)
(As of 03/27/2023 03:28 PM ET)
Add
Compare
Today's Range
$29.81
$30.37
50-Day Range
$29.62
$37.06
52-Week Range
$28.95
$50.10
Volume
3.30 million shs
Average Volume
6.94 million shs
Market Capitalization
$17.99 billion
P/E Ratio
37.84
Dividend Yield
2.38%
Price Target
$47.07

Southwest Airlines MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.54 Rating Score
Upside/​Downside
56.1% Upside
$47.07 Price Target
Short Interest
Healthy
1.97% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.11
Upright™ Environmental Score
News Sentiment
1.00mentions of Southwest Airlines in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
45.69%
From $2.67 to $3.89 Per Share

Overall MarketRank

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

2.98 out of 5 stars

Transportation Sector

14th out of 122 stocks

Air Transportation, Scheduled Industry

3rd 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

Airlines Update Guidance, Shares Head For Different Destinations (LUV)
The airlines are forecasting healthy profits for 2023 and the analysts have them moving significantly higher by the end of the year.
Booking Holdings Tops Views: Travel Boom Shows No Signs Of Slowing (LUV)
As the global travel industry recovers rapidly, increased U.S. market share helped Booking Holdings beat consensus estimates in its Q4 report.
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
See More Headlines
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LUV Company Calendar

Ex-Dividend for 1/31 Dividend
1/09/2023
Last Earnings
1/26/2023
Dividend Payable
1/31/2023
Ex-Dividend for 3/29 Dividend
3/07/2023
Today
3/27/2023
Dividend Payable
3/29/2023
Next Earnings (Confirmed)
4/27/2023
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
$47.07
High Stock Price Forecast
$72.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+58.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.54
Research Coverage
13 Analysts

Profitability

Net Income
$539 million
Pretax Margin
3.06%

Debt

Sales & Book Value

Annual Sales
$23.81 billion
Cash Flow
$3.49 per share
Book Value
$18.00 per share

Miscellaneous

Free Float
592,385,000
Market Cap
$17.61 billion
Optionable
Optionable
Beta
1.15

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?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Southwest Airlines in the last twelve months. There are currently 7 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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?

13 Wall Street research analysts have issued 12 month target prices for Southwest Airlines' stock. Their LUV share price forecasts range from $38.00 to $72.00. On average, they predict the company's share price to reach $47.07 in the next year. This suggests a possible upside of 58.9% 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 2023. Since then, LUV shares have decreased by 12.0% and is now trading at $29.63.
View the best growth stocks for 2023 here
.

Are investors shorting Southwest Airlines?

Southwest Airlines saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 10,090,000 shares, an increase of 5.7% from the February 13th total of 9,550,000 shares. Based on an average daily volume of 6,700,000 shares, the short-interest ratio is currently 1.5 days. Currently, 1.7% of the company's shares are sold short.
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, April 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, April 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) issued its earnings results on Thursday, January, 26th. The airline reported ($0.38) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by $0.35. The airline had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.14 billion. Southwest Airlines had a net margin of 2.26% and a trailing twelve-month return on equity of 6.71%. The company's quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter last year, the business earned $0.14 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, February 1st. Stockholders of record on Wednesday, March 8th will be paid a dividend of $0.18 per share on Wednesday, March 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Tuesday, March 7th.
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 2.43%. The dividend payout ratio is 90.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, LUV will have a dividend payout ratio of 18.51% 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 issued an update on its first quarter 2023 earnings guidance on Friday, March, 17th. The company provided EPS 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 variety of retail and institutional investors. Top institutional shareholders include T. Rowe Price Investment Management Inc. (3.06%), Price T Rowe Associates Inc. MD (2.65%), Moneta Group Investment Advisors LLC (2.57%), Geode Capital Management LLC (2.00%), Artisan Partners Limited Partnership (1.85%) and U S Global Investors Inc. (1.02%). 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.
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 $29.63.

How much money does Southwest Airlines make?

Southwest Airlines (NYSE:LUV) has a market capitalization of $17.61 billion and generates $23.81 billion in revenue each year. The airline earns $539 million in net income (profit) each year or $0.80 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 3/27/2023 by MarketBeat.com Staff