Research Analysts Offer Predictions for Southwest Airlines Co.’s Q2 2022 Earnings (NYSE: LUV)

Southwest Airlines Co. (NYSE: LUV – Get Rating) – Seaport Res Ptn upped their Q2 2022 earnings per share estimates for shares of Southwest Airlines in a research report issued to clients and investors on Wednesday, July 20th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the airline will post earnings per share of $ 1.20 for the quarter, up from their previous estimate of $ 1.15. The consensus estimate for Southwest Airlines’ current full-year earnings is $ 2.73 per share. Seaport Res Ptn also issued estimates for Southwest Airlines’ Q3 2022 earnings at $ 1.10 EPS, Q4 2022 earnings at $ 0.80 EPS and FY2022 earnings at $ 2.81 EPS.

Other equities research analysts have also issued research reports about the company. StockNews.com started coverage on Southwest Airlines in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Raymond James raised Southwest Airlines from an “outperform” rating to a “strong-buy” rating and cut their price target for the stock from $ 57.00 to $ 55.00 in a research report on Thursday, June 23rd. Susquehanna Bancshares raised Southwest Airlines from a “neutral” rating to a “positive” rating and set a $ 45.00 price target on the stock in a research report on Tuesday, July 12th. Morgan Stanley lifted their price target on Southwest Airlines from $ 65.00 to $ 67.00 and gave the stock an “overweight” rating in a research report on Monday, April 4th. Finally, Barclays cut their price target on Southwest Airlines from $ 58.00 to $ 50.00 and set an “overweight” rating on the stock in a research report on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Southwest Airlines presently has a consensus rating of “Moderate Buy” and a consensus price target of $ 52.94.

Southwest Airlines Price Performance

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Shares of NYSE LUV opened at $ 40.24 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.81 and a current ratio of 1.87. Southwest Airlines has a fifty-two week low of $ 34.36 and a fifty-two week high of $ 56.33. The firm has a market capitalization of $ 23.86 billion, a PE ratio of 42.81, a price-to-earnings-growth ratio of 2.47 and a beta of 1.00. The stock’s 50-day simple moving average is $ 40.02 and its 200-day simple moving average is $ 42.91.

Southwest Airlines (NYSE: LUV – Get Rating) last issued its earnings results on Thursday, April 28th. The airline reported ($ 0.32) earnings per share for the quarter, topping the consensus estimate of ($ 0.34) by $ 0.02. Southwest Airlines had a negative return on equity of 4.39% and a net margin of 3.17%. The business had revenue of $ 4.69 billion for the quarter, compared to analyst estimates of $ 4.67 billion. During the same quarter last year, the company earned ($ 1.72) EPS. The business’s quarterly revenue was up 128.8% on a year-over-year basis.

Hedge Funds Weigh In On Southwest Airlines

Hedge funds and other institutional investors have recently bought and sold shares of the company. National Bank of Canada FI acquired a new position in shares of Southwest Airlines in the fourth quarter worth $ 960,000. JW Cole Advisors Inc. raised its holdings in shares of Southwest Airlines by 25.2% in the fourth quarter. JW Cole Advisors Inc. now owns 14,230 shares of the airline’s stock worth $ 610,000 after acquiring an additional 2,863 shares during the last quarter. Berger Financial Group Inc raised its holdings in shares of Southwest Airlines by 57.2% in the fourth quarter. Berger Financial Group Inc now owns 9,548 shares of the airline’s stock worth $ 409,000 after acquiring an additional 3,475 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of Southwest Airlines by 7.7% in the fourth quarter. Brown Advisory Inc. now owns 5,343 shares of the airline’s stock worth $ 229,000 after acquiring an additional 382 shares during the last quarter. Finally, Regentatlantic Capital LLC acquired a new position in shares of Southwest Airlines in the fourth quarter worth $ 248,000. 76.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Southwest Airlines

In related news, Director John T. Montford sold 2,300 shares of Southwest Airlines stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $ 45.70, for a total value of $ 105,110.00. Following the sale, the director now directly owns 23,296 shares in the company, valued at $ 1,064,627.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.32% of the company’s stock.

Southwest Airlines Company Profile

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Southwest Airlines Co operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2021, the company operated a total fleet of 728 Boeing 737 aircrafts; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

Further Reading

Earnings History and Estimates for Southwest Airlines (NYSE: LUV)

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