$1.05 EPS Expected for Southwest Airlines Co. (LUV)

Southwest Airlines Co. (NYSE:LUV) Logo
Investors sentiment increased to 0.93 in 2018 Q3. Its up 0.06, from 0.87 in 2018Q2. It improved, as 46 investors sold Southwest Airlines Co. shares while 256 reduced holdings. 102 funds opened positions while 178 raised stakes. 424.82 million shares or 0.25% more from 423.74 million shares in 2018Q2 were reported.
Private Wealth Prtnrs Limited Co invested in 0.09% or 9,600 shares. Thrivent Financial For Lutherans reported 4.09M shares stake. Moreover, Cadence Savings Bank Na has 0.15% invested in Southwest Airlines Co. (NYSE:LUV) for 6,500 shares. Blume Capital Mngmt stated it has 0.02% in Southwest Airlines Co. (NYSE:LUV). Fayez Sarofim Co has invested 0.1% in Southwest Airlines Co. (NYSE:LUV). Janney Montgomery Scott Ltd Liability Co accumulated 75,517 shares. Everence Capital Inc has 8,000 shares for 0.1% of their portfolio. Hartford Investment reported 58,102 shares or 0.11% of all its holdings. Advisors Asset Incorporated stated it has 6,219 shares. Moreover, Wg Shaheen And Dba Whitney And has 1.34% invested in Southwest Airlines Co. (NYSE:LUV) for 105,810 shares. Arrowstreet Capital Partnership invested in 6,100 shares or 0% of the stock. Northern, Illinois-based fund reported 5.38M shares. Captrust Advisors stated it has 900 shares. Sumitomo Mitsui Tru stated it has 0.03% of its portfolio in Southwest Airlines Co. (NYSE:LUV). Cypress Asset Management Incorporated Tx reported 9,250 shares.

Since August 17, 2018, it had 0 buys, and 3 sales for $463,688 activity. Watterson Andrew M sold $363,405 worth of stock.

Analysts expect Southwest Airlines Co. (NYSE:LUV) to report $1.05 EPS on January, 24.They anticipate $0.28 EPS change or 36.36 % from last quarter’s $0.77 EPS. LUV’s profit would be $590.42 million giving it 11.55 P/E if the $1.05 EPS is correct. After having $1.08 EPS previously, Southwest Airlines Co.’s analysts see -2.78 % EPS growth. The stock decreased 0.96% or $0.47 during the last trading session, reaching $48.52. About 3.57M shares traded. Southwest Airlines Co. (NYSE:LUV) has declined 18.85% since January 14, 2018 and is downtrending. It has underperformed by 18.85% the S&P500.

Southwest Airlines Co. (NYSE:LUV) Ratings Coverage

Among 13 analysts covering Southwest Airlines (NYSE:LUV), 6 have Buy rating, 1 Sell and 6 Hold. Therefore 46% are positive. Southwest Airlines had 15 analyst reports since July 16, 2018 according to SRatingsIntel. The firm has “Overweight” rating given on Wednesday, November 14 by Morgan Stanley. The stock of Southwest Airlines Co. (NYSE:LUV) earned “Buy” rating by Argus Research on Friday, September 7. The stock of Southwest Airlines Co. (NYSE:LUV) has “Equal-Weight” rating given on Monday, July 16 by Barclays Capital. The firm has “Market Perform” rating given on Thursday, January 10 by Cowen & Co. On Monday, September 17 the stock rating was maintained by Macquarie Research with “Outperform”. Susquehanna initiated the shares of LUV in report on Wednesday, November 28 with “Hold” rating. Buckingham Research maintained the shares of LUV in report on Friday, September 7 with “Buy” rating. Imperial Capital maintained Southwest Airlines Co. (NYSE:LUV) rating on Thursday, September 27. Imperial Capital has “In-Line” rating and $66 target. Buckingham Research maintained Southwest Airlines Co. (NYSE:LUV) on Friday, July 27 with “Buy” rating. Citigroup maintained Southwest Airlines Co. (NYSE:LUV) rating on Thursday, November 29. Citigroup has “Buy” rating and $62 target.

Southwest Airlines Co. operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. The company has market cap of $27.28 billion. As of December 31, 2016, the firm operated a total of 723 Boeing 737 aircraft; and served 101 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 8 near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, and Cuba. It has a 7.66 P/E ratio. It also sells frequent flyer points and related services to business partners participating in the Rapid Rewards frequent flyer program, such as car rental agencies, hotels, restaurants, and retailers.

Another recent and important Southwest Airlines Co. (NYSE:LUV) news was published by Seekingalpha.com which published an article titled: “Southwest Airlines revenue arrives light – Seeking Alpha” on July 26, 2018.

Southwest Airlines Co. (NYSE:LUV) Institutional Positions Chart

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