After finishing at $28.11 in the prior trading day, Southwest Airlines Co (NYSE: LUV) closed at $28.35, up 0.85%. In other words, the price has increased by $+0.24 from its previous closing price. On the day, 11547727 shares were traded.
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Ratios:
Our goal is to gain a better understanding of LUV by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.07 and its Current Ratio is at 1.14. In the meantime, Its Debt-to-Equity ratio is 0.87 whereas as Long-Term Debt/Eq ratio is at 0.85.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on March 13, 2024, Upgraded its rating to Hold and sets its target price to $28 from $20 previously.
On March 12, 2024, Argus Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $40.
Deutsche Bank Upgraded its Hold to Buy on February 20, 2024, whereas the target price for the stock was revised from $28 to $42.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 02 ’23 when Green Ryan C. sold 4,936 shares for $29.94 per share. The transaction valued at 147,787 led to the insider holds 26,361 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LUV now has a Market Capitalization of 16.92B and an Enterprise Value of 14.64B. As of this moment, Southwest’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.56, and their Forward P/E ratio for the next fiscal year is 11.98. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.65 while its Price-to-Book (P/B) ratio in mrq is 1.61. Its current Enterprise Value per Revenue stands at 0.56 whereas that against EBITDA is 6.12.
Stock Price History:
Over the past 52 weeks, LUV has reached a high of $39.53, while it has fallen to a 52-week low of $21.91. The 50-Day Moving Average of the stock is 31.50, while the 200-Day Moving Average is calculated to be 30.23.
Shares Statistics:
The stock has traded on average 8.33M shares per day over the past 3-months and 11.42M shares per day over the last 10 days, according to various share statistics. A total of 596.51M shares are outstanding, with a floating share count of 593.72M. Insiders hold about 0.49% of the company’s shares, while institutions hold 82.98% stake in the company. Shares short for LUV as of Feb 29, 2024 were 17.56M with a Short Ratio of 2.11, compared to 20.66M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.94% and a Short% of Float of 3.32%.
Dividends & Splits
In the trailing 12 months, LUV’s forward annual dividend rate was 0.72, compared to 0.72 this year. Against a Trailing Annual Dividend Yield of 2.56%, it implies a Forward Annual Dividend Yield of 2.54%. The stock’s 5-year Average Dividend Yield is 1.03. The current Payout Ratio is 99.09% for LUV, which recently paid a dividend on Mar 27, 2024 with an ex-dividend date of Mar 05, 2024. Stock splits for the company last occurred on Feb 16, 2001 when the company split stock in a 3:2 ratio.
Earnings Estimates
Its stock is currently analyzed by 16 different market analysts. On average, analysts expect EPS of -$0.25 for the current quarter, with a high estimate of $0.03 and a low estimate of -$0.5, while EPS last year was -$0.27. The consensus estimate for the next quarter is $0.83, with high estimates of $1.02 and low estimates of $0.61.
Analysts are recommending an EPS of between $2.4 and $0.9 for the fiscal current year, implying an average EPS of $1.68. EPS for the following year is $2.4, with 18 analysts recommending between $3.15 and $1.75.
Revenue Estimates
13 analysts predict $6.46B in revenue for the current quarter. It ranges from a high estimate of $6.55B to a low estimate of $6.4B. As of the current estimate, Southwest Airlines Co’s year-ago sales were $5.73B, an estimated increase of 12.80% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $7.64B, an increase of 8.60% less than the figure of $12.80% in the same quarter last year. There is a high estimate of $7.83B for the next quarter, whereas the lowest estimate is $7.53B.
A total of 17 analysts have provided revenue estimates for LUV’s current fiscal year. The highest revenue estimate was $29.21B, while the lowest revenue estimate was $26.99B, resulting in an average revenue estimate of $28.41B. In the same quarter a year ago, actual revenue was $26.09B, up 8.90% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $30.17B in the next fiscal year. The high estimate is $31.11B and the low estimate is $29.28B. The average revenue growth estimate for next year is up 6.20% from the average revenue estimate for this year.
