News coverage about Southwest Airlines (NYSE:LUV) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Southwest Airlines earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned press coverage about the airline an impact score of 45.9686810357176 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s rankings:
- Southwest’s stock selloff leads airline sector to broad declines – MarketWatch (marketwatch.com)
- Southwest Airlines -4% after lowering Q1 RASM outlook – Seeking Alpha (seekingalpha.com)
- Southwest Airlines Grounds Airline Stocks on Weak Guidance (finance.yahoo.com)
- Southwest Airlines (LUV) Provides Guidance on Financial and Operational Trends Following Adoption of New Accounting Standard Updates (streetinsider.com)
- Southwest shares tumble after airline warns of persistently low fares (finance.yahoo.com)
LUV has been the topic of several recent research reports. UBS reissued a “buy” rating and issued a $70.00 price target (down previously from $75.00) on shares of Southwest Airlines in a report on Thursday. Stifel Nicolaus restated a “buy” rating and issued a $85.00 target price (up from $80.00) on shares of Southwest Airlines in a research report on Wednesday, January 10th. Vetr upgraded Southwest Airlines from a “sell” rating to a “hold” rating and set a $65.81 target price on the stock in a research report on Monday, January 1st. JPMorgan Chase & Co. cut Southwest Airlines from an “overweight” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research report on Tuesday, January 30th. Finally, Zacks Investment Research upgraded Southwest Airlines from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. Southwest Airlines has a consensus rating of “Buy” and an average price target of $67.95.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, January 25th. The airline reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.01. The firm had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.25 billion. Southwest Airlines had a return on equity of 23.43% and a net margin of 16.48%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 earnings per share. research analysts predict that Southwest Airlines will post 4.96 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Tuesday, March 6th. Southwest Airlines’s payout ratio is 8.59%.
In other Southwest Airlines news, CFO Tammy Romo sold 20,272 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $57.95, for a total transaction of $1,174,762.40. Following the completion of the sale, the chief financial officer now owns 114,962 shares in the company, valued at approximately $6,662,047.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William H. Dr Cunningham acquired 3,500 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average price of $56.25 per share, with a total value of $196,875.00. Following the transaction, the director now owns 70,469 shares in the company, valued at $3,963,881.25. The disclosure for this purchase can be found here. Insiders sold a total of 108,473 shares of company stock worth $6,296,091 over the last three months. 0.21% of the stock is owned by company insiders.
Southwest Airlines Company Profile
Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.
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