Southwest Airlines Company Comm (NYSE:LUV):
Southwest Airlines to Discuss Third Quarter 2016 Financial Results on October 26, 2016.
The company is trading down by -0.15 percent from yesterday’s close.
Additionally Southwest Airlines Company Comm announced a dividend for shareholders that was paid on Thursday the 8th of September 2016. The dividend payment was $0.100 per share for the quarter which comes to $0.40 on an annualized basis. This dividend represents a yeild of $1.04 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Tuesday the 16th of August 2016.
It is currently trading at $39.18 marginally over the 50 day moving average of $39.09 and a bit lower than the 200 day moving average of $40.23. The 50 day moving average went up $0.09 or +0.24% and the 200 day average was down $-1.05.
The most current P/E ratio is 11.15 and the market cap of the company is 24.21B. As of the last earnings report the EPS was $3.51 and is expected to be $3.73 for the current year with 618,000,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.68 with next year’s EPS projected to be $3.81.
A few investment firms have weighed in on the company recently. On October 27 the company was rated “Overweight” in a report from JP Morgan up from the previous “Neutral” rating. Bernstein initiated coverage on the stock with a rating of “Outperform”.
On September 9, 2016 Imperial Capital added LUV to its research portfolio with an initial rating of “Outperform” and price target of $46.00. On July 27, 2016 the stock rating was set at “Neutral” by JP Morgan which was a cut from the previous “Overweight” rating.
On July 26 the stock rating was upgraded from “” to “Outperform” and a price target of $48.00 was set in a report issued by Evercore ISI Group. On July 25 Credit Suisse held the stock rating at “Outperform” and moved down the price target to $48.00 from $53.00.