The price of Southwest Airlines Co (NYSE: LUV) closed at $28.76 in the last session, down -14.86% from day before closing price of $33.78. In other words, the price has decreased by -$5.02 from its previous closing price. On the day, 40889705 shares were traded.
Ratios:
We take a closer look at LUV’s different ratios to gain a better understanding of the stock. 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.
On February 20, 2024, Deutsche Bank Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $28 to $42.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 17.16B and an Enterprise Value of 14.89B. As of this moment, Southwest’s Price-to-Earnings (P/E) ratio for their current fiscal year is 39.11, and their Forward P/E ratio for the next fiscal year is 11.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.66 while its Price-to-Book (P/B) ratio in mrq is 1.63. Its current Enterprise Value per Revenue stands at 0.57 whereas that against EBITDA is 6.23.
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 30.25.
Shares Statistics:
According to the various share statistics, LUV traded on average about 7.93M shares per day over the past 3-months and 8.74M shares per day over the past 10 days. 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 2.22, 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
The forward annual dividend rate for LUV is 0.72, which was 0.72 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 2.13%, it implies a Forward Annual Dividend Yield of 2.50%. 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
The company has 16 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of $0.03 and a low estimate of -$0.37, while EPS last year was -$0.27. The consensus estimate for the next quarter is $0.83, with high estimates of $1.21 and low estimates of $0.54.
Analysts are recommending an EPS of between $2.4 and $1.19 for the fiscal current year, implying an average EPS of $1.81. EPS for the following year is $2.45, with 18 analysts recommending between $3.2 and $1.9.
Revenue Estimates
According to 13 analysts, the current quarter’s revenue is expected to be $6.49B. It ranges from a high estimate of $6.55B to a low estimate of $6.43B. As of the current estimate, Southwest Airlines Co’s year-ago sales were $5.73B, an estimated increase of 13.30% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $7.63B, an increase of 8.40% less than the figure of $13.30% in the same quarter last year. There is a high estimate of $7.82B for the next quarter, whereas the lowest estimate is $7.48B.
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 $28.49B. In the same quarter a year ago, actual revenue was $26.09B, up 9.20% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $30.3B in the next fiscal year. The high estimate is $31.68B and the low estimate is $29.28B. The average revenue growth estimate for next year is up 6.30% from the average revenue estimate for this year.
