Southwest Airlines Co (LUV): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that SOUTHWEST AIRLINES ADDS MORE FLIGHTS FOR THE BIG GAME IN LAS VEGAS.

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Stocks Info

This NYSE-listed company operates within the Airlines industry segment, falling under the Industrials sector. The current market capitalization of Southwest Airlines Co is $17.99B. A total of 5.83 million shares were traded on the day, compared to an average of 8.46M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, LUV has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 13 BUYs and 10 SELLs from insiders. Insiders purchased 73,375 shares during that period but sold 70,265.

In the most recent transaction, Green Ryan C. sold 4,936 shares of LUV for 29.94 per share on May 02. After the transaction, the EVP, Chief Commercial Officer now owns 26,361 company shares.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Southwest Airlines Co pays an annual dividend of $0.74, resulting in a dividend yield of 2.44%, and it has a price to earnings (P/E) ratio of 41.04. LUV’s most recent ex-dividend date was 3/5/2024 when it declared a $0.18 quarterly dividend that was paid in cash on 3/27/2024. Previously, the company paid the dividend on 1/11/2024 with an ex-dividend date of 12/20/2023. The LUV stock dividend was $0.18 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for LUV in the last 3 months, the mean price target is $28.51 with high estimates of $40.00 and low estimates of $15.00. In terms of 52-week highs and lows, LUV has a high of $39.53 and a low of $21.91.

As of this writing, LUV has an earnings estimate of $The Lion Electric Company per share for the current quarter. EPS was calculated based on a consensus of Southwest Airlines Company estimates, with a high estimate of $Live Nation Entertainment, Inc. per share and a lower estimate of $Lufax Holding Ltd.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. LUV’s latest balance sheet shows that the firm has $15.50B in Cash & Short Term Investments as of fiscal 2021. There were $12.28B in debt and $9.16B in liabilities at the time. Its Book Value Per Share was $18.54, while its Total Shareholder’s Equity was $10.41B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LUV is Buy with a score of 3.00.

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