Imperial Capital Comments on Southwest Airlines Co’s Q1 2020 Earnings (NYSE:LUV)

Southwest Airlines Co (NYSE:LUV) – Investment analysts at Imperial Capital issued their Q1 2020 earnings estimates for Southwest Airlines in a research note issued on Thursday, June 20th, Zacks Investment Research reports. Imperial Capital analyst M. Derchin anticipates that the airline will post earnings of $0.86 per share for the quarter. Imperial Capital has a “In-Line” rating and a $55.00 price target on the stock. Imperial Capital also issued estimates for Southwest Airlines’ Q2 2020 earnings at $1.55 EPS, Q3 2020 earnings at $1.38 EPS and Q4 2020 earnings at $1.42 EPS.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings data on Thursday, April 25th. The airline reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.14 billion. Southwest Airlines had a return on equity of 23.94% and a net margin of 10.78%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business posted $0.79 EPS.

Other equities analysts also recently issued reports about the company. Goldman Sachs Group upgraded Acuity Brands from a “sell” rating to a “neutral” rating and set a $121.00 price objective on the stock in a report on Wednesday, March 20th. Cowen dropped their target price on Southwest Airlines from $58.00 to $55.00 and set a “market perform” rating on the stock in a report on Wednesday, March 27th. Barclays set a $46.00 target price on D. R. Horton and gave the company a “buy” rating in a report on Friday, April 26th. Raymond James reiterated a “buy” rating on shares of First Quantum Minerals in a report on Monday, April 8th. Finally, Zacks Investment Research downgraded G1 Therapeutics from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $58.15.

Shares of Southwest Airlines stock traded up $0.67 during trading hours on Friday, reaching $52.51. The stock had a trading volume of 2,643,132 shares, compared to its average volume of 3,132,116. The business’s 50 day simple moving average is $50.89. The firm has a market capitalization of $28.15 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 1.07 and a beta of 1.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.57. Southwest Airlines has a 1 year low of $44.28 and a 1 year high of $64.02.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th were issued a dividend of $0.18 per share. This is an increase from Southwest Airlines’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, June 4th. Southwest Airlines’s dividend payout ratio (DPR) is presently 16.98%.

A number of hedge funds have recently bought and sold shares of LUV. BlackRock Inc. increased its holdings in Southwest Airlines by 8.5% during the 4th quarter. BlackRock Inc. now owns 28,978,210 shares of the airline’s stock worth $1,346,907,000 after purchasing an additional 2,282,027 shares during the last quarter. Norges Bank purchased a new stake in Southwest Airlines during the 4th quarter worth approximately $105,239,000. Millennium Management LLC increased its holdings in Southwest Airlines by 88.1% during the 4th quarter. Millennium Management LLC now owns 4,592,257 shares of the airline’s stock worth $213,448,000 after purchasing an additional 2,151,057 shares during the last quarter. AJO LP increased its holdings in Southwest Airlines by 9,537.6% during the 1st quarter. AJO LP now owns 1,518,979 shares of the airline’s stock worth $78,850,000 after purchasing an additional 1,503,218 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Southwest Airlines by 37.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,920,617 shares of the airline’s stock worth $228,736,000 after purchasing an additional 1,348,168 shares during the last quarter. Institutional investors own 83.59% of the company’s stock.

Southwest Airlines Company Profile

Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2018, the company operated a total of 750 Boeing 737 aircraft; and served 99 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

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