Zacks Research Weighs in on Southwest Airlines Co.’s Q4 2024 Earnings (NYSE:LUV)

Southwest Airlines Co. (NYSE:LUVFree Report) – Zacks Research dropped their Q4 2024 earnings per share (EPS) estimates for shares of Southwest Airlines in a note issued to investors on Thursday, February 8th. Zacks Research analyst S. Goswami now expects that the airline will post earnings per share of $0.35 for the quarter, down from their prior forecast of $0.45. The consensus estimate for Southwest Airlines’ current full-year earnings is $1.83 per share. Zacks Research also issued estimates for Southwest Airlines’ Q1 2025 earnings at $0.03 EPS, Q4 2025 earnings at $0.76 EPS and FY2026 earnings at $2.65 EPS.

Southwest Airlines (NYSE:LUVGet Free Report) last announced its earnings results on Thursday, January 25th. The airline reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.25. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.75 billion. Southwest Airlines had a net margin of 1.91% and a return on equity of 9.40%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.38) earnings per share.

Other equities analysts also recently issued research reports about the company. Barclays raised their target price on Southwest Airlines from $27.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Susquehanna lowered their target price on shares of Southwest Airlines from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 31st. JPMorgan Chase & Co. increased their target price on shares of Southwest Airlines from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Evercore ISI restated an “inline” rating and set a $35.00 price target on shares of Southwest Airlines in a research report on Tuesday, January 2nd. Finally, Sanford C. Bernstein cut shares of Southwest Airlines from a “market perform” rating to an “underperform” rating and dropped their price objective for the company from $29.00 to $24.00 in a research note on Monday, January 8th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $30.69.

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Southwest Airlines Trading Up 0.9 %

LUV stock opened at $32.79 on Monday. Southwest Airlines has a 12-month low of $21.91 and a 12-month high of $39.53. The business’s 50-day moving average is $29.61 and its 200 day moving average is $28.46. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76. The stock has a market cap of $19.56 billion, a price-to-earnings ratio of 43.72, a PEG ratio of 0.97 and a beta of 1.14.

Southwest Airlines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, March 5th. This represents a $0.72 dividend on an annualized basis and a yield of 2.20%. Southwest Airlines’s dividend payout ratio (DPR) is presently 96.00%.

Institutional Trading of Southwest Airlines

Hedge funds have recently modified their holdings of the stock. Hexagon Capital Partners LLC increased its holdings in Southwest Airlines by 374.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 858 shares of the airline’s stock worth $25,000 after purchasing an additional 677 shares during the period. Capital Advisors Ltd. LLC increased its stake in shares of Southwest Airlines by 82.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 914 shares of the airline’s stock worth $26,000 after buying an additional 414 shares during the period. First Horizon Advisors Inc. acquired a new stake in Southwest Airlines in the fourth quarter valued at approximately $29,000. Motco lifted its stake in Southwest Airlines by 151.0% in the third quarter. Motco now owns 1,187 shares of the airline’s stock worth $32,000 after acquiring an additional 714 shares during the last quarter. Finally, Samalin Investment Counsel LLC lifted its stake in Southwest Airlines by 247.5% in the first quarter. Samalin Investment Counsel LLC now owns 702 shares of the airline’s stock worth $32,000 after acquiring an additional 500 shares during the last quarter. 78.22% of the stock is currently owned by institutional investors and hedge funds.

About Southwest Airlines

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Southwest Airlines Co operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2022, the company operated a total fleet of 770 Boeing 737 aircrafts; 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.

Further Reading

Earnings History and Estimates for Southwest Airlines (NYSE:LUV)

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