Southwest Airlines (LUV) Expected to Announce Earnings on Thursday

Southwest Airlines (NYSE:LUV - Get Free Report) is projected to release its earnings data before the market opens on Thursday, January 30th. Analysts expect Southwest Airlines to post earnings of $0.45 per share and revenue of $6.95 billion for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Southwest Airlines Stock Performance

Shares of NYSE:LUV traded down $0.71 during midday trading on Tuesday, reaching $31.88. The company had a trading volume of 7,683,621 shares, compared to its average volume of 7,791,294. Southwest Airlines has a 52-week low of $23.58 and a 52-week high of $36.12. The company's 50 day moving average price is $33.02 and its 200 day moving average price is $30.36. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.49. The stock has a market cap of $19.12 billion, a P/E ratio of -455.36, a P/E/G ratio of 3.30 and a beta of 1.14.

Southwest Airlines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, December 26th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Thursday, December 26th. Southwest Airlines's dividend payout ratio is currently -1,028.57%.

Insider Activity at Southwest Airlines

In other Southwest Airlines news, insider Linda B. Rutherford sold 3,849 shares of the firm's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $34.40, for a total transaction of $132,405.60. Following the transaction, the insider now owns 89,376 shares of the company's stock, valued at approximately $3,074,534.40. This trade represents a 4.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.33% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on LUV. Morgan Stanley reiterated an "overweight" rating and issued a $42.00 price objective on shares of Southwest Airlines in a research note on Wednesday, December 11th. Sanford C. Bernstein boosted their price objective on Southwest Airlines from $30.00 to $33.00 and gave the company a "market perform" rating in a research note on Wednesday, December 11th. Barclays upped their price objective on shares of Southwest Airlines from $32.00 to $35.00 and gave the company an "equal weight" rating in a report on Friday, December 6th. TD Cowen lifted their target price on shares of Southwest Airlines from $25.00 to $28.00 and gave the stock a "hold" rating in a research note on Friday, December 6th. Finally, Raymond James raised their price objective on shares of Southwest Airlines from $36.00 to $40.00 and gave the stock an "outperform" rating in a report on Monday, December 30th. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $32.31.

Southwest Airlines Company Profile

Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.