What is Seaport Res Ptn’s Estimate for LUV FY2025 Earnings?

Southwest Airlines Co. (NYSE:LUV) – Analysts at Seaport Res Ptn raised their FY2025 EPS estimates for Southwest Airlines in a note issued to investors on Wednesday, October 22nd. Seaport Res Ptn analyst D. Mckenzie now anticipates that the airline will post earnings of $1.16 per share for the year, up from their previous estimate of $1.06. The consensus estimate for Southwest Airlines’ current full-year earnings is $1.55 per share.

Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group lifted their price objective on shares of Southwest Airlines from $30.00 to $31.00 and gave the stock a “hold” rating in a research note on Wednesday, October 1st. Susquehanna lifted their price objective on shares of Southwest Airlines from $30.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Hsbc Global Res upgraded shares of Southwest Airlines to a “moderate sell” rating in a research note on Thursday, July 24th. Barclays lifted their price objective on shares of Southwest Airlines from $26.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Finally, HSBC cut shares of Southwest Airlines from a “hold” rating to a “reduce” rating in a report on Thursday, July 24th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $33.38.

Southwest Airlines Trading Up 0.1%

NYSE:LUV opened at $32.25 on Monday. Southwest Airlines has a 12 month low of $23.82 and a 12 month high of $37.96. The firm has a fifty day simple moving average of $32.39 and a 200-day simple moving average of $31.75. The company has a current ratio of 0.49, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $16.68 billion, a P/E ratio of 49.61, a PEG ratio of 0.82 and a beta of 1.21.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Tuesday, February 6th. The airline reported ($0.38) EPS for the quarter. Southwest Airlines had a return on equity of 6.39% and a net margin of 1.38%.The company had revenue of $6.17 billion for the quarter.

Southwest Airlines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, September 3rd. Southwest Airlines’s dividend payout ratio (DPR) is 110.77%.

Southwest Airlines announced that its board has approved a share repurchase program on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the airline to reacquire up to 9.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Southwest Airlines

In other news, Director Sarah Feinberg acquired 1,500 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was bought at an average price of $30.01 per share, with a total value of $45,015.00. Following the completion of the acquisition, the director owned 14,229 shares of the company’s stock, valued at approximately $427,012.29. This represents a 11.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gregg A. Saretsky acquired 3,345 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was purchased at an average cost of $30.03 per share, with a total value of $100,450.35. Following the acquisition, the director directly owned 23,644 shares of the company’s stock, valued at $710,029.32. This represents a 16.48% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Primecap Management Co. CA increased its holdings in Southwest Airlines by 1.6% in the first quarter. Primecap Management Co. CA now owns 49,688,308 shares of the airline’s stock valued at $1,668,533,000 after buying an additional 788,255 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings in Southwest Airlines by 0.9% in the second quarter. Artisan Partners Limited Partnership now owns 10,763,935 shares of the airline’s stock valued at $349,182,000 after buying an additional 98,290 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Southwest Airlines by 2,403.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 10,120,368 shares of the airline’s stock valued at $328,305,000 after buying an additional 9,716,160 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Southwest Airlines by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,602,939 shares of the airline’s stock valued at $120,987,000 after buying an additional 136,410 shares in the last quarter. Finally, Sound Shore Management Inc. CT increased its holdings in Southwest Airlines by 12.7% in the first quarter. Sound Shore Management Inc. CT now owns 2,857,308 shares of the airline’s stock valued at $95,948,000 after buying an additional 321,258 shares in the last quarter. Hedge funds and other institutional investors own 80.82% of the company’s stock.

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.