Today, FY2018 Earnings Estimate for Southwest Airlines Co. Issued By Imperial Capital (LUV)

Today, FY2018 Earnings Estimate for Southwest Airlines Co. Issued By Imperial Capital (LUV)

Southwest Airlines Co. (NYSE:LUV) – Research analysts at Imperial Capital upped their FY2018 EPS estimates for shares of Southwest Airlines in a report released on Tuesday. Imperial Capital analyst M. Derchin now forecasts that the brokerage will post earnings per share of $5.00 for the year, up from their previous estimate of $4.61. Imperial Capital currently has a “Outperform” rating and a $57.00 target price on the stock. Imperial Capital also issued estimates for Southwest Airlines’ FY2019 earnings at $3.16 EPS.

Several other equities research analysts have also issued reports on LUV. Bank of America Corp. set a $50.00 price objective on Southwest Airlines and gave the company a “buy” rating in a research note on Saturday, October 1st. Vetr downgraded Southwest Airlines from a “buy” rating to a “hold” rating and set a $41.49 price target on the stock. in a report on Monday, November 7th. JPMorgan Chase & Co. upgraded Southwest Airlines from a “neutral” rating to an “overweight” rating and set a $51.50 price target on the stock in a report on Thursday, October 27th. Credit Suisse Group AG set a $48.00 price target on Southwest Airlines and gave the stock a “buy” rating in a report on Monday, September 12th. Finally, Zacks Investment Research upgraded Southwest Airlines from a “strong sell” rating to a “hold” rating in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Southwest Airlines presently has an average rating of “Buy” and a consensus target price of $50.70.

Southwest Airlines (NYSE:LUV) traded up 0.17% during midday trading on Thursday, reaching $47.45. The company’s stock had a trading volume of 2,499,128 shares. Southwest Airlines has a 12-month low of $33.96 and a 12-month high of $51.34. The company has a market cap of $29.21 billion, a P/E ratio of 13.49 and a beta of 0.86. The firm has a 50 day moving average price of $42.43 and a 200-day moving average price of $40.02.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Thursday, December 8th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, December 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.84%. Southwest Airlines’s payout ratio is 11.40%.

Hedge funds have recently modified their holdings of the company. Strs Ohio boosted its stake in shares of Southwest Airlines by 393.0% in the second quarter. Strs Ohio now owns 776,030 shares of the airline’s stock worth $30,428,000 after buying an additional 618,608 shares in the last quarter. Calamos Advisors LLC boosted its stake in shares of Southwest Airlines by 15.9% in the second quarter. Calamos Advisors LLC now owns 1,242,786 shares of the airline’s stock worth $48,730,000 after buying an additional 170,752 shares in the last quarter. First Republic Investment Management Inc. boosted its stake in shares of Southwest Airlines by 97.8% in the first quarter. First Republic Investment Management Inc. now owns 1,151,824 shares of the airline’s stock worth $51,602,000 after buying an additional 569,576 shares in the last quarter. Capital Fund Management S.A. boosted its stake in shares of Southwest Airlines by 472.4% in the second quarter. Capital Fund Management S.A. now owns 1,718,192 shares of the airline’s stock worth $67,370,000 after buying an additional 1,418,012 shares in the last quarter. Finally, Bristol Gate Capital Partners Inc. boosted its stake in shares of Southwest Airlines by 7.2% in the second quarter. Bristol Gate Capital Partners Inc. now owns 638,645 shares of the airline’s stock worth $25,041,000 after buying an additional 42,729 shares in the last quarter. 78.51% of the stock is owned by institutional investors.

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