Economy

Southwest Airlines Company (NYSE:LUV) Quarterly Analysis

Southwest Airlines Co. (NYSE:LUV)'s earnings per share has been growing at a 72.9 percent rate over the past 5 year when average revenue increase was noted as 5.5 percent. American Century Companies Inc. now owns 84,955 shares of the airline's stock valued at $4,567,000 after acquiring an additional 290 shares during the period.

Southwest Airlines Co (LUV) now has a 14-day Commodity Channel Index (CCI) of 96.04.

Southwest Airlines Company (LUV) traded up 0.753% during mid-day trading on Tuesday, hitting $55.535. In contrast to the year ago quarter EPS was at 0.94. Southwest Airlines's quarterly revenue was up 6.7% compared to the same quarter previous year. Bank of Hawaii grew its holdings in Southwest Airlines by 0.3% during the 1st quarter. Toronto Dominion Bank raised its position in Southwest Airlines by 23.8% during the second quarter. First Heartland Consultants Inc. grew its stake in shares of Southwest Airlines by 0.3% during the first quarter. Sentry Investment Management LLC raised its position in Southwest Airlines by 1.1% during the second quarter. Institutional investors and hedge funds own 79.42% of the company's stock.

Insider Trades for Southwest Airlines Co. show that the latest trade was made on 10 Aug 2017 where Cunningham (William H), the Director completed a transaction type "Buy" in which 4500 shares were traded at a price of $54. A simple moving average (SMA) is an mathematical moving average calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods. Following the acquisition, the director now directly owns 66,969 shares in the company, valued at $3,616,326. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Currently, the 14-day ADX for Southwest Airlines Co (LUV) is sitting at 27.13. The firm has a 50 day moving average of $53.62 and a 200 day moving average of $56.83. Accern grades analysis of public companies ranging from -1 to 1, with ranks nearest to 1 is considered more positive. Southwest Airlines Company has a 12-month low of $36.61 and a 12-month high of $64.39.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Thursday, July 27th.

The Stock had a 1.83 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.78 and 1.78 respectively. The business had revenue of $5.74 billion during the quarter, compared to analysts' expectations of $5.73 billion. Southwest Airlines Co (NYSE:LUV) has risen 37.63% since September 26, 2016 and is uptrending. The business's revenue was up 6.7% compared to the same quarter a year ago. About shares traded. Oncomed Pharmaceuticals Inc (NASDAQ:OMED) has declined 70.06% since September 25, 2016 and is downtrending. Earnings, with 17 analysts believing the company would generate an Average Estimate of $0.93.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. As per Thursday, August 24, the company rating was maintained by Stifel Nicolaus. This represents a $0.50 annualized dividend and a yield of 0.91%. The ex-dividend date was Tuesday, August 22nd.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Week Herald and is the property of of Week Herald. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and global copyright & trademark legislation. The legal version of this article can be accessed at https://www.equitiesfocus.com/2017/09/23/southwest-airlines-company-luv-upgraded-at-raymond-james-financial-inc.html.

A number of key analysts, polled by FactSet, shared their views about the current stock momentum. Morgan Stanley restated an overweight rating and set a $66.00 price objective (up previously from $65.00) on shares of Southwest Airlines in a report on Monday, July 10th. The rating was maintained by Cowen & Co on Friday, June 24 with "Outperform". (NYSE:LUV), 14 have Buy rating, 0 Sell and 3 Hold. 100,019 are owned by Neuberger Berman Group Ltd. Origin Asset Mngmt Llp reported 1.02% of its portfolio in Southwest Airlines Co (NYSE:LUV).

The average 1-year price target for The Manitowoc Company, Inc. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company's stock. Southwest Airlines now has a average recommendation of "Buy" and a consensus price objective of $67.26.

Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. Southwest provides point-to-point service.



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