About Southwest Airlines Company (NYSE:LUV)
Southwest Airlines Co. (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest's EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest's respective policies. Southwest's Rapid Rewards frequent flyer program enables program members (Members) to earn points for every dollar spent on Southwest fares. Its Internet Website, Southwest.com, is an avenue for Southwest customers to purchase and manage travel online. As of December 31, 2016, Southwest operated a total of 723 Boeing 737 aircraft and served 101 destinations in 40 states, the District of Columbia, the Commonwealth of Puerto Rico, and eight near-international countries: Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, and Cuba.
Industry, Sector and Symbol:
- Industry: Regional Airlines
- Sub-Industry: Airlines
- Sector: Industrials
- Symbol: NYSE:LUV
- CUSIP: 84474110
- Web: www.southwest.com
- Debt-to-Equity Ratio: 0.46%
- Current Ratio: 0.61%
- Quick Ratio: 0.55%
Sales & Book Value:
- Trailing P/E Ratio: 15.77
- Forward P/E Ratio: 15.57
- P/E Growth: 1.81
- Annual Sales: $20.43 billion
- Price / Sales: 1.61
- Cash Flow: $5.91 per share
- Price / Cash: 9.38
- Book Value: $13.71 per share
- Price / Book: 4.04
- Annual Dividend: $0.50
- Dividend Yield: 0.9%
- Trailing EPS: $3.49
- Net Income: $2.24 billion
- Net Margins: 10.12%
- Return on Equity: 24.85%
- Return on Assets: 8.87%
- Employees: 53,500
- Outstanding Shares: 593,390,000
Frequently Asked Questions for Southwest Airlines Company (NYSE:LUV)
What is Southwest Airlines Company's stock symbol?
Southwest Airlines Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "LUV."
How often does Southwest Airlines Company pay dividends? What is the dividend yield for Southwest Airlines Company?
Southwest Airlines Company announced a quarterly dividend on Thursday, November 16th. Shareholders of record on Thursday, December 7th will be given a dividend of $0.125 per share on Thursday, January 4th. This represents a $0.50 annualized dividend and a yield of 0.90%. The ex-dividend date is Wednesday, December 6th. View Southwest Airlines Company's Dividend History.
How will Southwest Airlines Company's stock buyback program work?
Southwest Airlines Company declared that its Board of Directors has authorized a share buyback plan on Sunday, June 4th 2017, which allows the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 5.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.
How were Southwest Airlines Company's earnings last quarter?
Southwest Airlines Company (NYSE:LUV) issued its earnings results on Thursday, October, 26th. The airline reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.87 by $0.01. The airline earned $5.27 billion during the quarter, compared to analyst estimates of $5.29 billion. Southwest Airlines Company had a net margin of 10.12% and a return on equity of 24.85%. The business's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the business posted $0.93 earnings per share. View Southwest Airlines Company's Earnings History.
When will Southwest Airlines Company make its next earnings announcement?
Where is Southwest Airlines Company's stock going? Where will Southwest Airlines Company's stock price be in 2017?
16 analysts have issued 12-month target prices for Southwest Airlines Company's stock. Their predictions range from $61.00 to $80.00. On average, they anticipate Southwest Airlines Company's stock price to reach $67.53 in the next year. View Analyst Ratings for Southwest Airlines Company.
What are Wall Street analysts saying about Southwest Airlines Company stock?
Here are some recent quotes from research analysts about Southwest Airlines Company stock:
- 1. According to Zacks Investment Research, "Of late, shares of Southwest Airlines have struggled due to multiple headwinds. Consequently, the stock underperformed its industry in the last six months. Also, the recent hurricanes and the earthquake in Mexico disrupted this low-cost carrier’s operation, thus forcing it to cancel 5,000 flights in the third quarter of 2017. As a result, the company’s top line was hurt to the tune of $100 million resulting in lower-than-expected revenues. Furthermore, high fuel costs pose a threat. Evidently, the carrier's bottom line declined 5.4% on a year-over-year basis due to high costs. We are, however, appreciative of the company's efforts to enhance its shareholders’ wealth through dividends and share buybacks. Efforts to expand operations also raise optimism in the stock. The rise in October load factor, due to traffic growth outpacing capacity expansion, is also encouraging." (11/9/2017)
- 2. Imperial Capital analysts commented, "We are maintaining our Outperform rating on LUV shares. We are raising our one-year price target to $63 from $59 as well as our EPS estimates on higher unit revenues and lower unit costs. Our price target is about 17% above the recent share price. We are raising our FY17 EPS estimate to $4.00 from $3.90, and our FY18 EPS estimate to $5.25 from $5.15. Our new FY17 estimate assumes capacity increases 3.5% versus 3.8% previously, RASM increases 1% versus 0.5% previously, CASM ex-fuel increases 3% versus 4% previously, and jet fuel averages $2.00 per gallon." (1/27/2017)
Who are some of Southwest Airlines Company's key competitors?
Some companies that are related to Southwest Airlines Company include General Dynamics Corporation (GD), Canadian National Railway Company (CNI), FedEx Corporation (FDX), ABB Ltd (ABB), Illinois Tool Works (ITW), Raytheon Company (RTN), Northrop Grumman Corporation (NOC), Relx Plc (RELX), CSX Corporation (CSX), Deere & Company (DE), S&P Global (SPGI), Emerson Electric Company (EMR), Norfolk Souther Corporation (NSC), Delta Air Lines (DAL), Relx Plc (REL), Waste Management (WM), TE Connectivity (TEL) and Precision Castparts Corp. (PCP).
Who are Southwest Airlines Company's key executives?
Southwest Airlines Company's management team includes the folowing people:
- Gary C. Kelly, Chairman of the Board, Chief Executive Officer (Age 61)
- Thomas M. Nealon, President (Age 56)
- Ron Ricks, Vice Chairman of the Board (Age 67)
- Tammy Romo, Chief Financial Officer, Executive Vice President (Age 54)
- Michael G. Van de Ven, Chief Operating Officer (Age 55)
- Robert E. Jordan, Chief Commercial Officer, Executive Vice President (Age 56)
- Gregory D. Wells, Executive Vice President - Daily Operations (Age 58)
- Kathleen Wayton, Senior Vice President, Chief Information Officer
- Stan Alexander, Chief Technology Officer, Vice President
- William H. Cunningham Ph.D., Presiding Independent Director (Age 73)
Who owns Southwest Airlines Company stock?
Southwest Airlines Company's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Ameriprise Financial Inc. (1.28%), Egerton Capital UK LLP (1.12%), Bank of New York Mellon Corp (1.00%), Boston Partners (0.83%), APG Asset Management N.V. (0.77%) and Dimensional Fund Advisors LP (0.77%). Company insiders that own Southwest Airlines Company stock include David W Biegler, De Ven Michael G Van, Gary C Kelly, Gregory D Wells, J Veronica Biggins, Jeff Lamb, John T Montford, Mark R Shaw, Robert E Jordan, Tammy Romo and William H Dr Cunningham. View Institutional Ownership Trends for Southwest Airlines Company.
Who sold Southwest Airlines Company stock? Who is selling Southwest Airlines Company stock?
Southwest Airlines Company's stock was sold by a variety of institutional investors in the last quarter, including Skandinaviska Enskilda Banken AB publ, Ameriprise Financial Inc., Anchor Bolt Capital LP, Egerton Capital UK LLP, Bluestein R H & Co., Dimensional Fund Advisors LP, Los Angeles Capital Management & Equity Research Inc. and Bank of New York Mellon Corp. Company insiders that have sold Southwest Airlines Company company stock in the last year include De Ven Michael G Van, Gary C Kelly, Gregory D Wells, J Veronica Biggins, Jeff Lamb, John T Montford, Mark R Shaw, Robert E Jordan and Tammy Romo. View Insider Buying and Selling for Southwest Airlines Company.
Who bought Southwest Airlines Company stock? Who is buying Southwest Airlines Company stock?
Southwest Airlines Company's stock was acquired by a variety of institutional investors in the last quarter, including Boston Partners, Janus Henderson Group PLC, Russell Investments Group Ltd., Alyeska Investment Group L.P., APG Asset Management N.V., Ardevora Asset Management LLP, Candriam Luxembourg S.C.A. and Canada Pension Plan Investment Board. Company insiders that have bought Southwest Airlines Company stock in the last two years include De Ven Michael G Van, Gary C Kelly and William H Dr Cunningham. View Insider Buying and Selling for Southwest Airlines Company.
How do I buy Southwest Airlines Company stock?
Shares of Southwest Airlines Company can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Southwest Airlines Company's stock price today?
One share of Southwest Airlines Company stock can currently be purchased for approximately $55.43.
How big of a company is Southwest Airlines Company?
Southwest Airlines Company has a market capitalization of $32.89 billion and generates $20.43 billion in revenue each year. The airline earns $2.24 billion in net income (profit) each year or $3.49 on an earnings per share basis. Southwest Airlines Company employs 53,500 workers across the globe.
How can I contact Southwest Airlines Company?
Southwest Airlines Company's mailing address is 2702 Love Field Dr PO Box 36611, DALLAS, TX 75235-1611, United States. The airline can be reached via phone at +1-214-7924000.
MarketBeat Community Rating for Southwest Airlines Company (NYSE LUV)MarketBeat's community ratings are surveys of what our community members think about Southwest Airlines Company and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Southwest Airlines Company (NYSE:LUV) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 3 Hold Ratings, 13 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.81)|
|Consensus Price Target: ||$67.53 (21.84% upside)|
Consensus Price Target History for Southwest Airlines Company (NYSE:LUV)
Analysts' Ratings History for Southwest Airlines Company (NYSE:LUV)
(Data available from 11/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/1/2017||J P Morgan Chase & Co||Boost Price Target||Overweight||$66.00 -> $67.00||N/A|
|11/1/2017||Stifel Nicolaus||Reiterated Rating||Buy||$80.00||N/A|
|10/27/2017||Deutsche Bank AG||Reiterated Rating||Buy||$71.00||N/A|
|10/27/2017||Cowen and Company||Reiterated Rating||Outperform||$62.00 -> $64.00||N/A|
|9/20/2017||Raymond James Financial, Inc.||Upgrade||Market Perform -> Outperform||$65.00||Low|
|9/14/2017||Barclays PLC||Reiterated Rating||Hold||$61.00||Low|
|9/12/2017||Morgan Stanley||Reiterated Rating||Overweight||Low|
|9/7/2017||Citigroup Inc.||Reiterated Rating||Buy||$65.00 -> $64.00||Low|
|8/18/2017||Wolfe Research||Upgrade||Market Perform -> Outperform||Medium|
|7/13/2017||Sanford C. Bernstein||Reiterated Rating||Outperform||$70.00||Low|
|6/30/2017||Bank of America Corporation||Boost Price Target||Buy||$62.00 -> $75.00||Low|
|6/22/2017||Argus||Upgrade||Hold -> Buy||$61.76 -> $68.00||Low|
|6/20/2017||Atlantic Securities||Initiated Coverage||Neutral -> Neutral||$71.00||Low|
|5/19/2017||Imperial Capital||Reiterated Rating||Outperform||Low|
|5/4/2017||Scotiabank||Reiterated Rating||Sector Perform||Low|
|9/12/2016||Credit Suisse Group||Set Price Target||Buy||$48.00||N/A|
|7/26/2016||Evercore ISI||Upgrade||Hold -> Buy||$47.00 -> $37.36||N/A|
|7/22/2016||Buckingham Research||Downgrade||Buy -> Neutral||N/A|
|5/16/2016||Sterne Agee CRT||Reiterated Rating||Buy||N/A|
|4/19/2016||Oppenheimer Holdings, Inc.||Reiterated Rating||Outperform||N/A|
Earnings History and Estimates Chart for Southwest Airlines Company (NYSE:LUV)
Earnings History by Quarter for Southwest Airlines Company (NYSE LUV)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/26/2017||Q3 2017||$0.87||$0.88||$5.29 billion||$5.27 billion||View||N/A|
|7/27/2017||Q2 17||$1.20||$1.24||$5.73 billion||$5.74 billion||View||N/A|
|4/27/2017||Q1 2017||$0.62||$0.61||$4.91 billion||$4.88 billion||View||N/A|
|1/26/2017||Q416||$0.70||$0.75||$5.03 billion||$5.10 billion||View||N/A|
|10/26/2016||Q316||$0.88||$0.93||$5.17 billion||$5.10 billion||View||Listen|
|7/21/2016||Q216||$1.21||$1.19||$5.41 billion||$5.38 billion||View||Listen|
|4/21/2016||Q116||$0.84||$0.88||$4.81 billion||$4.80 billion||View||Listen|
|1/21/2016||Q415||$0.90||$0.90||$5.00 billion||$5.00 billion||View||Listen|
|10/22/2015||Q315||$0.92||$0.94||$5.11 billion||$5.32 billion||View||Listen|
|7/23/2015||Q215||$1.02||$1.03||$5.14 billion||$5.10 billion||View||Listen|
|4/23/2015||Q115||$0.65||$0.66||$4.41 billion||$4.40 billion||View||N/A|
|1/22/2015||Q414||$0.54||$0.59||$4.59 billion||$4.60 billion||View||N/A|
|10/23/2014||Q314||$0.53||$0.55||$4.79 billion||$4.80 billion||View||Listen|
|7/24/2014||Q214||$0.61||$0.70||$4.92 billion||$5.01 billion||View||N/A|
|4/24/2014||Q114||$0.16||$0.18||$4.17 billion||$4.17 billion||View||N/A|
|1/22/2014||Q413||$0.29||$0.33||$4.39 billion||$4.40 billion||View||N/A|
|10/24/2013||Q313||$0.33||$0.34||$4.53 billion||$4.55 billion||View||N/A|
|7/25/2013||Q2 2013||$0.38||$0.38||$4.66 billion||$4.64 billion||View||N/A|
|4/25/2013||Q1 2013||$0.02||$0.07||$4.08 billion||$4.10 billion||View||N/A|
|1/24/2013||Q4 2012||$0.07||$0.09||$4.22 billion||$4.20 billion||View||N/A|
Earnings Estimates for Southwest Airlines Company (NYSE:LUV)
2017 EPS Consensus Estimate: $3.67
2018 EPS Consensus Estimate: $4.76
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Southwest Airlines Company (NYSE:LUV)
|Dividend Growth:||51.80% (3 Year Average)|
|Payout Ratio:||14.33% (Trailing 12 Months of Earnings) |
14.04% (Based on This Year's Estimates)
11.14% (Based on Next Year's Estimates)
|Track Record:||5 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Southwest Airlines Company (NYSE LUV)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Southwest Airlines Company (NYSE LUV)
Insider Ownership Percentage: 0.21%
Institutional Ownership Percentage: 79.78%
Insider Trades by Quarter for Southwest Airlines Company (NYSE LUV)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/8/2017||John T Montford||Director||Sell||935||$53.94||$50,433.90|| |
|10/17/2017||J Veronica Biggins||Director||Sell||32||$58.94||$1,886.08|| |
|8/11/2017||William H Dr Cunningham||Director||Buy||4,500||$54.00||$243,000.00|| |
|5/25/2017||Jeff Lamb||EVP||Sell||19,800||$61.00||$1,207,800.00|| |
|5/23/2017||Mark R Shaw||SVP||Sell||3,823||$59.13||$226,053.99|| |
|5/23/2017||Robert E Jordan||EVP||Sell||15,273||$59.72||$912,103.56|| |
|5/23/2017||Tammy Romo||CFO||Sell||8,322||$59.15||$492,246.30|| |
|5/19/2017||Gregory D Wells||EVP||Sell||5,249||$57.65||$302,604.85|| |
|5/18/2017||De Ven Michael G Van||COO||Sell||15,273||$57.14||$872,699.22|| |
|5/17/2017||Gary C Kelly||Chairman||Sell||51,000||$57.06||$2,910,060.00|| |
|2/28/2017||Robert E Jordan||EVP||Sell||13,939||$58.23||$811,667.97|| |
|2/27/2017||Gregory D Wells||EVP||Sell||3,305||$58.27||$192,582.35|| |
|2/27/2017||Mark R Shaw||SVP||Sell||1,211||$58.26||$70,552.86|| |
|2/24/2017||De Ven Michael G Van||COO||Sell||14,572||$57.72||$841,095.84|| |
|2/24/2017||Jeff Lamb||EVP||Sell||18,299||$57.87||$1,058,963.13|| |
|2/22/2017||Gary C Kelly||Chairman||Sell||21,300||$57.25||$1,219,425.00|| |
|1/30/2017||Tammy Romo||CFO||Sell||9,655||$51.79||$500,032.45|| |
|12/15/2016||John T Montford||Director||Sell||510||$50.93||$25,974.30|| |
|12/2/2016||Jeff Lamb||EVP||Sell||14,534||$48.10||$699,085.40|| |
|8/3/2016||De Ven Michael G Van||COO||Buy||4,200||$35.77||$150,234.00|| |
|8/3/2016||William H Dr Cunningham||Director||Buy||5,700||$35.80||$204,060.00|| |
|8/2/2016||Gary C Kelly||Insider||Buy||28,106||$35.58||$1,000,011.48|| |
|7/27/2016||Mark R Shaw||SVP||Sell||1,776||$37.62||$66,813.12|| |
|6/7/2016||John T Montford||Director||Sell||1,210||$43.31||$52,405.10|| |
|5/26/2016||Jeff Lamb||EVP||Sell||18,765||$41.79||$784,189.35|| |
|4/26/2016||Mark R Shaw||SVP||Sell||100||$47.31||$4,731.00|| |
|4/25/2016||David W Biegler||Director||Sell||8,000||$46.94||$375,520.00|| |
|2/24/2016||Jeff Lamb||EVP||Sell||6,662||$40.67||$270,943.54|| |
|11/12/2015||Gary C. Kelly||CEO||Sell||19,642||$46.75||$918,263.50|| |
|10/29/2015||Robert E. Jordan||EVP||Sell||55,031||$45.76||$2,518,218.56|| |
|8/25/2015||William H Dr Cunningham||Director||Buy||2,500||$37.86||$94,650.00|| |
|8/17/2015||Gary C Kelly||CEO||Sell||37,500||$40.31||$1,511,625.00|| |
|1/26/2015||Ron Ricks||EVP||Sell||18,560||$45.88||$851,532.80|| |
|11/19/2014||Tammy Romo||CFO||Sell||12,312||$39.36||$484,600.32|| |
|8/22/2014||Daniel D Villanueva||Director||Sell||10,000||$31.73||$317,300.00|| |
|8/21/2014||Gary C Kelly||CEO||Sell||60,600||$31.22||$1,891,932.00|| |
|8/21/2014||Robert E Jordan||EVP||Sell||45,511||$31.41||$1,429,500.51|| |
|8/20/2014||De Ven Michael G Van||COO||Sell||78,907||$31.29||$2,469,000.03|| |
|8/1/2014||Ron Ricks||EVP||Sell||37,400||$28.22||$1,055,428.00|| |
|5/27/2014||Robert E Jordan||EVP||Sell||45,000||$25.81||$1,161,450.00|| |
|5/21/2014||Gary Kelly||CEO||Sell||42,802||$24.96||$1,068,337.92|| |
|5/21/2014||Ron Ricks||EVP||Sell||30,911||$25.09||$775,556.99|| |
|5/21/2014||Tammy Romo||CFO||Sell||7,313||$25.10||$183,556.30|| |
|5/20/2014||Ron Ricks||EVP||Sell||22,452||$25.03||$561,973.56|| |
|5/16/2014||Tammy Romo||CFO||Sell||17,750||$24.49||$434,697.50|| |
|4/29/2014||Ron Ricks||EVP||Sell||21,700||$23.77||$515,809.00|| |
|2/3/2014||Douglas Brooks||Director||Buy||5,000||$20.46||$102,300.00|| |
|1/27/2014||Ron Ricks||EVP||Sell||35,000||$20.81||$728,350.00|| |
|12/2/2013||Ron Ricks||EVP||Sell||13,726||$18.71||$256,813.46|| |
|10/30/2013||Jeff Lamb||EVP||Sell||14,612||$17.07||$249,426.84|| |
|5/30/2013||De Ven Michael G Van||COO||Sell||1,000||$14.31||$14,310.00|| |
|5/23/2013||Robert E Jordan||EVP||Sell||63,162||$14.10||$890,584.20|| |
|5/22/2013||De Ven Michael G Van||COO||Sell||68,475||$14.23||$974,399.25|| |
|5/22/2013||Tammy Romo||CFO||Sell||38,926||$14.22||$553,527.72|| |
|5/20/2013||Jeff Lamb||EVP||Sell||30,000||$14.27||$428,100.00|| |
Latest Headlines for Southwest Airlines Company (NYSE LUV)
Southwest Airlines Company (NYSE LUV) Chart for Tuesday, November, 21, 2017