Details On LUV Stock After Southwest Airlines Are Expected To Release $2.13B Quarterly Sales


Analysts anticipate Southwest Airlines Company (NYSE: LUV) to announce their sales of $2.13B for the ongoing financial quarter, as reported by Zacks. The sales estimates range between $1.76B and $2.32B. LUV had issued a $5.73B sales in this quarter previous year, indicating a 62.8% annualized rate of growth.

Analysts of Zacks have reported that the company will release $9.16B sales for this fiscal year with a range of $8.80B-$9.35B. In 2021, the sales estimate shows $14.96B with a range of $12.44B-$17.43B.

On Monday, Southwest Airlines started from $45.88 in the stock market with the market cap being $27.08B. The lowest in 1 year is $22.47 while the highest being $58.83. Their 50-day rolling average is $44.08 with 200-day at $37.92. The current, quick, and debt-to-equity quotient are 2.07, 2.01, and 1.07.

According to the 22nd October report, the airlines had a quarterly EPS of $1.99, surpassing the $2.35 EPS estimate by $0.36. Their revenue was $1.79B that surpassed the $1.71B estimate. Their net negative margin was 12.94% with 22.65% negative return equity.

LUV Stock Transactions

Cowen increased the price objective of LUV stock to $55 from $46 and gave a rating of ‘outperform’. Berenberg Bank promoted it to $45 from $37 and gave a rating of ‘buy’. Barclays lifted it to $40 from $35. Exane BNP issued it $55 and gave a rating of ‘outperform’. Raymond James increased it to $54 from $49 but demoted the rating to ‘outperform’ from ‘strong buy’. They have a consensus ‘buy’ rating with a $48.38 consensus price objective.

Gregory Wells, EVP, sold off 15,166 LUV shares at $46.80 EPS worth $709,768.80. Insiders own 0.28% of Southwest Airlines’ stock.

Capital Advisors increased their stake in the company by 247.5%, owning shares worth $26,000 while Horan Securities raised it by 57.9%, owning $30,000 worth shares. Institutional investors and hedge funds own 69.35% LUV stock.

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