Southwest Airlines Company Comm (NYSE:LUV):
Southwest Airlines Reports Third Quarter Profit.
The company is down since yesterday’s close of $39.24.
Additionally the company recently announced a dividend for shareholders paid on Thursday September 8th, 2016. The dividend payment was $0.100 per share for the quarter or $0.40 annualized. This dividend amount was represent a yeild of $1.04. The ex-dividend date was set for Tuesday the 16th of August 2016.
The stock last traded at $39.18 which is marginally higher than the 50 day moving average which is $39.09 and just below 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 went down by -2.61%.
Southwest Airlines Company Comm’s P/E ratio is 11.15 and the market value is 24.21B. As of the last earnings report the EPS was $3.51 and is expected 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 projected to be $3.81.
Brokerage firms have weighed in on the stock of late. On October 27 the company was changed to a “Overweight” according to a JP Morgan report up from the previous “Neutral” rating. Equity analyst Bernstein initiated coverage by announcing an initial rating of “Outperform”.
On September 9 analysts at Imperial Capital added LUV to its research portfolio giving it an initial rating of “Outperform” and projecting a price target of $46.00. On July 27, 2016 the stock rating was set at “Neutral” in a report from JP Morgan which is down from the previous “Overweight” rating.
On July 26 the company was upgraded from “” to “Outperform” with a current price target of $48.00 in a report issued by Evercore ISI Group. On July 25 Credit Suisse kept the stock rating at “Outperform” and moved down the price target to $48.00 from $53.00.