Southwest Airlines (NYSE:LUV) CFO Tammy Romo sold 7,313 shares of Southwest Airlines stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $25.10, for a total value of $183,556.30. Following the completion of the transaction, the chief financial officer now directly owns 93,229 shares in the company, valued at approximately $2,340,048. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
LUV has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Southwest Airlines from a “neutral” rating to an “outperform” rating in a research note on Friday, May 16th. They now have a $30.00 price target on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Southwest Airlines from $26.00 to $30.00 in a research note on Tuesday, May 6th. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Southwest Airlines in a research note on Thursday, May 1st. They now have a $21.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $25.75.
Shares of Southwest Airlines (NYSE:LUV) traded up 2.06% on Monday, hitting $25.79. The stock had a trading volume of 4,455,793 shares. Southwest Airlines has a 52 week low of $12.58 and a 52 week high of $25.83. The stock’s 50-day moving average is $24.15 and its 200-day moving average is $21.48. The company has a market cap of $17.843 billion and a price-to-earnings ratio of 21.15.
Southwest Airlines (NYSE:LUV) last released its earnings data on Thursday, April 24th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.17 billion. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts expect that Southwest Airlines will post $1.50 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Monday, June 2nd. This is a boost from Southwest Airlines’s previous quarterly dividend of $0.04.
Southwest Airlines Co operates Southwest Airlines and AirTran Airways, passenger airlines that provide scheduled air transportation in the United States and near-international markets.
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Source: southwest - Google News http://ift.tt/1ilR3aS
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