Economy

Southwest Airlines Company (LUV) Posts Earnings Results, Beats Estimates By $0.01 EPS

Vanguard Group Inc. now owns 38,498,787 shares of the airline's stock worth $2,069,695,000 after acquiring an additional 286,456 shares during the period.

The company had seen its current volume reaching at 10.04 million shares in the last trade. The company has market cap of $459.64 million. The stock's Dividend Yield stands at 0.92%.

About 2.08M shares traded. W&T Offshore, Inc. (NYSE:WTI) has risen 11.39% since November 6, 2016 and is uptrending. It has underperformed by 21.16% the S&P500.

Monetta Financial Services Inc increased its stake in Southwest Airls Co (LUV) by 30.77% based on its latest 2017Q2 regulatory filing with the SEC. The stock closing price is now trading downward to its 50 day moving average with change of -2.23%, tumbled to its 20 day moving average with figure of -5.48% and behind its 200 day moving average with value -4.21%. Revenue, on the other hand, scored -7.61% growth from the previous quarter, coming up with $5.31 billion.

Southwest Airlines (NYSE:LUV) just had their share rating of a "Neutral" issued by research analysts at Buckingham, who now has a $106 target price per share on the $32.49B market cap company or a 93.61 % upside potential. The stock was bought at an average price of $54.00 per share, with a total value of $243,000.00. First Washington stated it has 2.14% in Southwest Airlines Co (NYSE:LUV). It has outperformed by 20.93% the S&P500.

Investors sentiment decreased to 0.83 in 2017 Q2. Its up 0.30, from 1.36 in 2017Q1. Also, Southwest Airlines Co. 463.31 million shares or 1.17% less from 468.79 million shares in 2017Q1 were reported. Financial Bank Of Montreal Can reported 0% stake.

Shares of Southwest Airlines (NYSE LUV) traded up $0.38 during trading hours on Friday, reaching $54.52. Horizon Inv Ser Ltd Com has 100,423 shares.

The company has a current ratio of 0.6 gauging towards its ability in paying short-term and long-term obligations.

Southwest Airlines Company (NYSE:LUV) was downgraded by analysts at Vetr from a "strong-buy" rating to a "sell" rating in a research note issued on Monday. Buffington Mohr Mcneal invested in 0.12% or 4,750 shares. Parallax Volatility Advisers Limited Partnership has 0% invested in Southwest Airlines Co (NYSE:LUV). Dimensional Fund Advsrs LP accumulated 0.15% or 5.07 million shares. Clearbridge Invests Ltd Limited Liability Company holds 0% in Southwest Airlines Co (NYSE:LUV) or 25,200 shares. Southwest Airlines Co. has a quick ratio of 0.6 measuring its ability to meet its short term obligations with its most liquid assets. Patten Grp Incorporated holds 185 shares.

LUV has been the topic of several other research reports.

Since May 17, 2017, it had 0 insider buys, and 7 selling transactions for $4.10 million activity. Shaw Mark R sold $226,035 worth of Southwest Airlines Co (NYSE:LUV) on Tuesday, May 23. State Street Corp raised its position in shares of Southwest Airlines by 1.5% in the first quarter. The insider Lamb Jeff sold 19,800 shares worth $1.21 million. Jordan Robert E had sold 15,273 shares worth $912,148. On Tuesday, May 23 the insider Romo Tammy sold $492,238. That's a potential -9.24 decrease relative to where Consolidated Edison, Inc. Southwest Airlines Co. (NYSE:LUV) earnings have risen with a quarterly rate of 5.5% over the last 5 years. Southwest Airlines had a return on equity of 24.85% and a net margin of 10.12%. Of the analysts surveyed by Reuters that track Southwest Airlines Co. Therefore 83% are positive. The stock of Southwest Airlines Co (NYSE:LUV) has "Buy" rating given on Friday, October 27 by Cowen & Co. Morgan Stanley set a $64.00 price target on Southwest Airlines and gave the company a "buy" rating in a research report on Thursday, August 17th. As per Thursday, February 4, the company rating was maintained by JP Morgan. Stifel Nicolaus has "Buy" rating and $8000 target. The firm has "Buy" rating given on Thursday, September 7 by Cowen & Co. This defines the most likely future of the stock price of Southwest Airlines Co. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Therefore 0 are positive. W&T Offshore had 11 analyst reports since August 6, 2015 according to SRatingsIntel. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Citigroup initiated the stock with "Buy" rating in Friday, November 18 report. BMO Capital Markets has "Hold" rating and $67 target. The firm has "Sector Perform" rating by Iberia Capital Partners given on Monday, August 17. The stock of General Electric Company (NYSE:GE) has "Hold" rating given on Monday, August 7 by Cowen & Co. Finally, Raymond James Financial, Inc. raised shares of Southwest Airlines from a "market perform" rating to an "outperform" rating and set a $65.00 target price on the stock in a research report on Wednesday, September 20th. Barclays Capital upgraded the stock to "Equal-Weight" rating in Friday, April 15 report.



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