Southwest Airlines Company Comm (NYSE:LUV):
Southwest Airlines Reports Third Quarter Profit.
The company is now down from yesterday’s close of $39.24.
The company recently announced a dividend for shareholders paid on Thursday the 8th of September 2016. The dividend payment was $0.100 per share for the quarter which is $0.40 annualized. This dividend amount represented a yeild of $1.04. The ex-dividend date was set for Tuesday the 16th of August 2016.
Shares of the company are trading at $39.18 which is slightly above $39.09, the 50 day moving average and which is slightly below the 200 day moving average of $40.23. The 50 day moving average went up by +0.24% and the 200 day average went down by -2.61%.
The P/E ratio is 11.15 and the market value is 24.21B. As of the latest earnings report the EPS was $3.51 and is projected to be $3.75 for the current year with 618,000,000 shares outstanding. Next quarter’s EPS is expected be $0.68 with next year’s EPS anticipated to be $3.81.
A few Wall Street analysts have provided guidance on the company of late. On October 27 the company was set at “Overweight” in a report from JP Morgan up from the previous “Neutral” rating. Bernstein initiated coverage on the stock giving it an initial rating of “Outperform”.
On September 9 analysts at Imperial Capital started covering the stock by announcing an initial rating of “Outperform” and price target of $46.00. On July 27, 2016 the stock rating was rated “Neutral” by JP Morgan which is down from the previous “Overweight” rating.
On July 26 the stock rating was upgraded from “” to “Outperform” with a current price target of $48.00 by analysts at Evercore ISI Group. On July 25 the company was downgraded to “Outperform” from “Buy” and a price target of $48.00 was set in a statement from Argus Research.