Southwest Airlines Co (NYSE:LUV) traded at $27.03 at close of the session on Friday, April 26, made a downward move of -0.84% on its previous day’s price.
Looking at the stock we see that its previous close was $27.26 . The company has a trailing 12-month PE ratio of 43.88. In terms of its 52-week price range, LUV has a high of $39.53 and a low of $21.91. The company’s stock has lost about -7.65% over that past 30 days.
Southwest Airlines Co has a market cap of $16.13 billion. With its Forward Dividend at 0.72 and a yield of 2.66%, the company’s investors could be anxious for the LUV stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.72, with the EPS growth for the year raised at $1.42 for 2024 and $2.23 for next year. These figures represent -9.60% and 57.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $7.62 billion, with a low of $7.43 billion and a high of $7.8 billion. The median projection represents growth squeezing down to 8.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $28.27 billion, or 8.30% up from figures reported last year.
On the other hand, looking at the outlook for the LUV stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note that the PEG ratio for the LUV stock currently stands at 2.34, and the current price level is -5.43% off its SMA20 and -11.61% from its 50-day simple moving average. The RSI (14) is pointing at 36.02 while the volatility over the past week is 3.09% and jumps to 2.56% over the past one month. The beta value is 1.14, while the average true range (ATR) is currently pointing at 0.93.
Coming back to Southwest Airlines Co (NYSE:LUV), we note that the average 3-month trading volume was 8.50 million. Current shares outstanding are 596.51 million.
The insiders hold 0.49% of the company’s shares while institutions hold 81.18%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -6.41% down in year-to-date price movement.
